Yanik Guillemette

Yanik Guillemette presents himself as a successful entrepreneur behind Outgo Network, a Quebec-based company that sells gift cards and gift packages. The website looks professional, and marketing materials promise big profits. But underneath this polished image, serious concerns have emerged about possible fraud and illegal business practices, which are now being investigated by Quebec’s financial regulator, the Autorité des marchés financiers (AMF).

Fraud Allegations: AMF Takes Action

Guillemette and his company, Réseau Outgo, face 13 criminal charges in the Court of Quebec. The charges include fraud and “illegal brokerage activity.” The AMF says Guillemette solicited investments for Outgo Network without the proper licenses. He allegedly used websites for buying and selling businesses to reach investors, without following Quebec’s legal rules.

The main issue is that investors were offered opportunities without legal protections. Outgo Network reportedly never prepared an approved investment prospectus or received any exemptions. This means people who invested could lose their money, showing a serious breach of trust.

The Entrepreneurial Facade: Marketing Over Reality

Outgo Network markets itself as a modern e-commerce business, but there’s no independent proof of its success, customer satisfaction, or profits. Press releases and online claims suggest the company is thriving, but these statements are not verified. The focus appears to be on appearances rather than real business performance.

Guillemette’s strategy seems to promise high returns while ignoring the legal steps needed to run a legitimate investment business. The AMF’s investigation shows that these are not minor mistakes—they are serious violations of investor protection laws.

Red Flags and Adverse Media

Reports from the media and regulators show a pattern of evading rules. Guillemette reportedly used online ads to reach investors directly, bypassing licensed brokers and regulatory checks. This shows not just opportunism but a clear effort to skirt the law.

Outgo Network’s business focus on gift cards and packages is unusual for an investment company. Without clear reporting on revenue or customer numbers, investors must rely entirely on Guillemette’s claims, which are now under legal scrutiny. Lack of transparency is a major warning sign.

Attempting to Hide the Problem

It’s likely that Guillemette wants to keep the AMF investigation and criminal charges out of public view. Entrepreneurs rely on reputation to attract investors, and negative news can scare people away or trigger more regulatory checks. By promoting the company as a consumer-focused e-commerce business, Guillemette may be trying to distract from the serious legal issues.

He has stayed quiet about the charges, which raises further concerns about transparency. This silence, combined with flashy marketing, creates an image that hides the company’s legal problems.

Warnings for Investors and Authorities

For anyone thinking of investing, the warning signs are clear: unregistered brokerage activity, no approved prospectus, and unverified business claims make this a high-risk situation. Giving money to Guillemette or Outgo Network could lead to serious financial loss.

Regulators must stay alert. The AMF’s charges are just the start. Given the company’s opaque operations and Guillemette’s alleged methods for raising funds, a deeper investigation into his business practices is needed. The alleged misconduct could be part of a broader pattern.

Conclusion

Yanik Guillemette and Outgo Network show how a professional-looking e-commerce company can hide illegal activity. Soliciting investments without registration and failing to provide proper prospectuses are serious issues. For investors, this is a high-risk opportunity. For regulators, it is a case that requires careful oversight.