Digital World Financial

          REGARDING THE LOAN AND TRUST CORPORATIONS ACT, R.S.O. 1990, CHAPTER L.25 ("the Act")
          AND REGARDING DIGITAL WORLD FINANCIAL INC., AND JOSEPH SIMON LACROIX, ALSO KNOWN AS JOSEPH SIMON
          AND REGARDING AN APPLICATION FOR ORDERS OF THE SUPERINTENDENT OF FINANCIAL SERVICES PURSUANT TO SECTIONS 192 AND 206 OF THE LOAN AND TRUST CORPORATIONS ACT

TEMPORARY CEASE AND DESIST ORDER

Section 192 of the Loan and Trust Corporations Act, R.S.O. 1990 Chapter L.25, (the "Act") as amended, provides that where, in the opinion of the Superintendent, a registered corporation or other person is committing any act or pursuing any course of conduct that does not comply with the Act or the regulations, or might reasonably be expected, if continued, to result in a state of affairs that would not be in compliance with the Act or the regulations, or constitutes a practice which might prejudice or adversely affect the interests of depositors, the Superintendent may make a temporary order ordering the registered corporation or other person to cease doing any act or to cease pursuing any course of conduct identified by the Superintendent or to perform such acts as in the opinion of the Superintendent are necessary to remedy the situation;

Based on a statement made under oath by Terrence Weller, an Investigator employed by the Financial Services Commission of Ontario, the Superintendent is of the opinion that Digital World Financial Inc. ("DWF"),and Joseph Simon LaCroix, also known as Joseph Simon, ("LaCroix") are not complying with the requirements of section 213 of the Act for the following reasons:

1. DWF is not a registered loan or trust corporation under the Act or under the federal statute;

2. DWF is conducting, undertaking or transacting in Ontario the business of a loan corporation by borrowing money from the public by receiving deposits and lending or investing such money, in contravention of subsection 213(1) of the Act;

3. DWF is soliciting the business of a loan corporation by inviting the public to lend money to DWF by depositing such money with DWF, which DWF will lend or invest, in contravention of subsection 213(6) of the Act;

4. LaCroix is causing, authorizing or permitting DWF to conduct, undertake or transact in Ontario the business of a loan or trust corporation by receiving deposits and lending or investing such money, in contravention of subsection 213(1) of the Act;

5. LaCroix is causing, authorizing or permitting DWF to solicit the business of a loan corporation by inviting the public to lend money to DWF by depositing such money with DWF, which DWF will lend or invest, in contravention of subsection 213(6) of the Act;

Subsection 192(3) of the Act provides that where in the opinion of the Superintendent the interests of the depositors or the public may be prejudiced or adversely affected by any delay in the issuance of a permanent order, the Superintendent may make a temporary order which shall take effect immediately on its making and which shall become permanent on the fifteenth day after its making unless within that time a hearing before the Superintendent is requested.

Based on a statement made under oath by Terrence Weller, an Investigator with the Financial Services Commission of Ontario, the Superintendent is of the opinion that the interests of the depositors or the public may be prejudiced or adversely affected by any delay in the issuance of a permanent order, because the Superintendent has reasonable grounds for belief that DWF and LaCroix would continue soliciting and receiving deposits from the public, which DWF and LaCroix would be unwilling or unable to repay.

    THE SUPERINTENDENT HEREBY ORDERS THAT:

    1. DWF, LaCroix or any person or corporation acting on behalf of, or as agent of, DWF or LaCroix shall cease conducting, undertaking or transacting in Ontario the business of a loan corporation by receiving deposits from the public and lending or investing such money;

    2. DWF, LaCroix or any person or corporation acting on behalf of or as agent of DWF or LaCroix shall deliver up to a representative of the Superintendent copies of all business records including but not limited to, lists of the names of all depositors, the amounts received from each depositor, the bank accounts where all the deposits are invested, and all such other records and documents as are requested; and

    3. DWF, LaCroix or any person or corporation acting on behalf of or as agent of DWF or LaCroix shall take all action, or cause all such action to be taken, to preserve all existing funds, deposits, securities or assets of DWF and LaCroix, and to regain control of any funds, deposits, securities or assets of DWF and LaCroix from any person, to hold all such funds, deposits, securities or assets in trust for the Superintendent pending further Order of the Superintendent, the Financial Services Tribunal, or the Superior Court of Justice.


    TAKE NOTICE that you may within fifteen (15) days of the date of this Order make a request in writing to the Superintendent for a Hearing pursuant to subsection 192(3) of the Act. Your request should be directed to:


    Financial Services Commission of Ontario
    Superintendent of Financial Services
    17th Floor
    5160 Yonge Street
    Toronto ON M2N 6L9

    Attention: Rhonda Booth
    Registrar
    Tel: 416-226-7752
    Fax:416-226-7750



    DATED at the City of Toronto on the 30th day of November, 2004.




    ___________________
    Bryan P. Davies
    Superintendent of Financial Services



    TO: Joseph Simon LaCroix & Digital World Financial Inc. at:
      1. 2300 Yonge St, PO Box 67015
      Toronto ON M4P 3C8
      Fax: (416) 486-8683


      2. 40 Holly St., Suite 103
      Toronto ON M4S 3C3