Month: May 2017

TO:  ALL STAFF AT THE BCSC

On May 18, 2016, and every day since that we have written on this blog, we have challenged you to answer simple questions regarding the matter we had before the BCSC.   To date, NOT one of you have bothered to reply, or even defend our allegations against the BCSC Staff.   For that, one could say you are very spineless and act without merit and we think you should all be ashamed of yourselves.

The BCSC appears to have two sets of rules and will only reply to something that supports their set agenda.   In addition, it appears they have the newspaper reporters in their pockets because not one of the slimy writers will write a story against the “government machine” in fear of wrinkling the wrong feathers.  They had NO problem reporting on day 1 of our hearing when the case was presented by the BCSC, reported a very biased one-sided story and did not cover the balance of the hearing when we presented our case and had 94% of the allegations (dollar amount) thrown out by the Panel.   

To ANYONE who doubts what is being said in this blog and that we are not telling the truth, we say this….

“Why isn’t one of the most powerful government agencies in BC, with unlimited funds to fight legal battles, suing us for defamation?  After sending out letters from your lawyer to Peter Harris and Christopher Burke – Why are you not suing them for defamation after threatening to do so?”    

In our opinion, there are 2 reasons for them cowering up and putting their heads in the sand:

1.  They are not able to sue for Libel/Defamation because we are not saying anything that is not true.  Our blog posts contain facts and have not exaggerated the events or allegations made against their Staff.  We have merely presented questions to the grossly incompetent BCSC Chair Brenda Leong and the person who appointed her, Premier Christy Clark.  Neither of these women will respond to our repeated request.  Items like BCSC staff manipulating evidence, not presenting the settlement offer, and the BCSC staff bringing assumptions into the hearing room ARE factually correct.  The have no reply because they have NO defense.     

2. Secondly, they do not want to argue against us, offer us another hearing, or answer our simple questions because they know the moment they do – they will be incriminating themselves and going down a road they definitely do not want to take.   THEY DO NOT WANT THE TRUTH TO COME OUT IN A REAL COURTROOM.   It would appear they don’t want to step outside their domain and have a real judge (outside of their precious Kangaroo Court) telling the world what is happening within their walls.  They will not answer Former Investors questions as to why they did not accept the Settlement Offer because they know the former investors will NOT like their answers and more than likely sue them for acting in bad faith.  And don’t forget (as posted earlier in this blog), we applied, through a Freedom of Information request, all correspondence from staff litigators to/from the Executive Director with respect to the Settlement Offer.    There was NOTHING – these bozo’s (Staff Litigators Olubode Fagbamiye / C. Paige Leggat and Executive Director Paul Bourque) didn’t even have a discussion with one another regarding the investors opportunity to recoup some (if not all) of their funds!   Incompetent!   

Now, we will issue you three FORMAL CHALLENGES:

CHALLENGE #1:   WE CHALLENGE YOU TO HAVE YOUR FLASHY LAWYERS  SEND US A LETTER DEMANDING WE SHUT DOWN OUR BLOG FOR BEING INACCURATE AND/OR SLANDEROUS;  

CHALLENGE #2:   WE CHALLENGE YOU TO SUE US FOR DEFAMATION/LIBEL IF FOR ONE MOMENT OUR ALLEGATION OF BCSC STAFF ACTING IN BAD FAITH (WHEN MANIPULATING EVIDENCE IN THE PROCEEDINGS AGAINST US) IS NOT TRUE;

CHALLENGE #3:   FINALLY, WE CHALLENGE YOU TO FORMALLY ADDRESS THE SETTLEMENT PROPOSAL (AS OUTLINED EARLIER IN THIS BLOG) THAT THE FCC AND DCF INVESTORS WOULD HAVE BENEFITED FROM. 

IF YOU IGNORE US OR DO NOT HAVE YOUR COUNCIL COMMENCE LEGAL PROCEEDINGS AGAINST US IN THE NEXT 14 DAYS – WE WILL ASSUME THE ALLEGATIONS WE HAVE MADE AGAINST YOU TO BE VALID AND TO BE NON-CONTESTED.  WE WILL PUBLISH YOUR RESPONSE (OR LACK OF) IN THIS BLOG 15 DAYS FROM NOW.  

 We are begging for you to finally act – it has now been over 365 days (and counting) since my blog started and you have all had your head in the sand.   It is time people hear the truth.   We want to go to court against you so we can start the process of people hearing the truth consisting a facts and not some slanderous, biased press release issued by your incompetent staff, followed up by being rail-roaded by your inept lawyers in the hearing itself, and then having employees that work in the same office as the litigators making a decision as some “independent” panel.    Don’t forget, we have have a witness  (brought in to testify FOR the BCSC) agreeing with our side; and the Panel still found that Staff proved this allegation.   It is easy to conclude you people are all incompetent and possibly corrupt!

This is a telling time – the people are waking up and standing up to government agencies all over the World – specifically ones that appear to be corrupt!    The BCSC is an agency that desperately needs an overhaul.  It (like many of the agencies Clark’s government has touched) appears to be tainted.

Eagerly awaiting your reply Brenda Leong!   When are you going to wake up from that deep slumber?   How do you justify taking that $500,000 per year in salary when you don’t do your job?   And finally, how can you not support your shitty staff when people are accusing them of wrongdoing?   Spineless?  How do you think your staff truly feel about you abandoning them?   Word on the street is that many of your staff cannot stand you – and think you are in far over your head in the competence department!

We couldn’t agree more….

I AM STILL WAITING…DON’T BE SO SPINELESS LIKE YOUR BOSS….

HEY PETER BRADY!   ONE OF MY FORMER INVESTORS (GERRY S) SENT YOU AN EMAIL BACK IN MARCH 2017 REQUESTING YOU ANSWER HIS QUESTIONS…..

WHY WON’T YOU REPLY TO HIM?   CHICKEN SHIT?

I DARE YOU TO ANSWER HIS QUESTIONS!!  WHAT ARE YOU HIDING?

What a last couple of weeks it has been for Walton International – the Alberta Securities Commission suspended Walton’s registration which prohibits them from selling any more of their investments.  And then they hired Ernst & Young to take them through the CCAA process in an attempt to re-organize their debt.   This sounds almost identical as the League Assets story we discussed last summer in this blog post.     One can conclude the Walton matter will have the same ending!   How can a company make hundreds of millions of dollars selling land be broke after 25+ years of being in business?  Rumor on the street is the company is being gutted and those (at the top) have already cashed out their millions…

WAS THIS ALL PREDICTABLE?

Back a few years ago I came across a Sales Representative that worked at Walton International at a Calgary Flames hockey game.  After chatting for a few minutes he suggested I look at his investment opportunity – it was a parcel of land down by Spruce Meadows (in the southern tip of Calgary).    Although I was not interested in the investment, I agreed to meet with him at his office a short while later.

I remember their office being really nice and it seemed like they had a ton of staff.  After receiving a brief sales pitch I was sent on my way with an envelope full of paperwork.   Some time later, I opened the envelope and (as part of the package) discovered a letter from a lawyer named Donald Boykiw from the fancy Bennett Jones LLP law firm.

The letter is short and cuts to the point – it indicates that Boykiw is writing to inform Walton that the Alberta Securities Commission had reviewed Walton’s business practice of selling undivided interest in land to purchasers and that this review had been done as a result of sanctions against Walton’s prime competition in Alberta land banking.    Boykiw goes on to state, “I would also advise that the Commission staff member who was involved in this matter has further advised that the ASC’s enforcement counsel would not be recommending any changes to the current forms of referral arrangements for both the mortgage referrals from Westmount Mortgage Corporation and the land referrals from Cordex Realty.   We have also received a follow-up call from the registration counsel at the Alberta Securities Commission indicating that they ave also completed their review of such referral agreements and were not proposing any changes.”    A copy of the letter:  

The significance of this letter is simple – Walton International’s business model sees them allegedly buying farm land for as little as $400 per acre and turn around only days later and sell it for up to 7000% increases to investors from all over the World – and the gang down at the ASC gave them a clean bill of health while sanctioning others in the same line of work.    And don’t forget – this happened during Ralph Klein’s duration as Premier of Alberta who’s daughter physically worked at Walton’s head office.

For those people that do not know who Walton International are (or were) – they purported to be the largest land banker (and then later land developer) in the nation.    They had many projects throughout Canada and the United States.   They had come under fire in some circles for paying huge upfront commission to their sales people and for having lavish spending sprees on chartered boats and trips for Staff.   In one instance, it was reported they had chartered a large ship and had the expensive Self-Help Guru Anthony Robbins as a guest to get their staff motivated to sell their product.

Facts are – may people have been reporting on Walton’s demise for years.   A simple google search has found us endless reports from press from all over the World suggesting Walton’s business plan had some distinct cracks and was leaking severally.   An article in the Ottawa Citizen from March 2013 suggests the land banking project in Ottawa was in trouble.

What happened in Singapore when they had several complaints about many Land Banking firms – even Walton International?   Out comes the huge Public Relations wheel and they brought an entire news crew to see their operations in Canada….

https://www.youtube.com/watch?v=sTzJ_61nY54

This video is so biased towards Walton but comes across as some bi-partial news telecast – We wonder how much more they raised after this video made the rounds…

Would this all have been avoided IF the ASC had not given them that clean bill of health back in 2002 – that they used as a sales aid for their sales people???  Shame on the ASC!   This story is going to be huge when the cards ALL come falling down – and this letter is going to be used in any case against the ASC!   How are they going to be able to protect the Walton Investors when they are complicit in allowing Walton to exist – even going as far as giving legal advice that their sales people used to close the unexpected investors?

HEY PETER BRADY!   ONE OF MY FORMER INVESTORS (GERRY S) SENT YOU AN EMAIL BACK IN MARCH 2017 REQUESTING YOU ANSWER HIS QUESTIONS…..

WHY WON’T YOU REPLY TO HIM?   CHICKEN SHIT?

I DARE YOU TO ANSWER HIS QUESTIONS!!  WHAT ARE YOU HIDING?

As most that follow this blog know, we have been trying to get BCSC Chair Brenda Leong to come out from under the rock she is hiding under and answer candid questions regarding the actions of her Staff down at the good ole’ British Columbia Securities Commission.    We are 3 days away from the one-year anniversary of our initial email sent to her – and to date, she has not once responded to many of the emails we have sent her since May 11, 2016.

 BCSC’s BRENDA LEONG

We have questioned for months now why she will not respond – to either acknowledge our complaint or to even defend her Staff.   Staff at the BCSC must really question whether or not she has their backs in a situation like this.  She will not defend their actions and has essentially turned her back on them for months now.   Hard to believe bu this woman makes nearly $500,000 per year – and it is her responsibility to defend the actions of her staff – mainly the junior BCSC litigator Olubode Fagbamiye and former BCSC Litigator C. Paige Leggat (Leggat is the lawyer who resigned or was terminated shortly after our allegation was brought to light in our Submission on Liability in the Spring of 2014.

Today, we sent the following Freedom of Information request to the BCSC in an attempt to finally get her to answer our questions – and to see if she has any sort of decency in dealing with our complaint finally after these unacceptable delays. Have a look….   

Do you think she will respond in her professional capacity as the Chair of the Board who “represents the Commission effectively as its primary public representative”?   Or as the Chief Executive Officer who “effectively manages the relationships among the board, the commission, industry, investors, other regulators, and the public”?

Time will tell Brenda, time will tell!   C’mon out from under that rock!