Month: November 2017

As indicated in an earlier blog – as part of an FOI request, we asked the BCSC to provide a copy of the original Fraud Fighter video they launched on November 6, 2014 as part of their renewal of their so-called “award winning” campaign against securities fraud.

As you will see, at the time we were very concerned with the overall message sent out to the average investor – the video shows a character “Jean” doing a bunch of stupid gymnastic moves in a park and ends with her going to the residence of “David” where it implies she physically attacked him.

Now, before you watch the current version, we want you to watch the version we saw for the first time on Nov 6, 2014 (and that was just obtained via a FOI request) – this was AFTER our hearing but before final oral submissions were made on November 21, 2014 in our matter.

ORIGINAL VIDEO:      https://youtu.be/rzoz-E4T1u8    (Please watch now)

As  said, this video was launched by BCSC Chair Brenda Leong at a conference – a copy of her speech where she calls the video “fun” and “entertaining” can be found here:

Brenda Leong Speech – November 6, 2014

On November 21, 2014, we appeared in front of the Panel at the hearing and before we began our arguments we opened with the following:

WHARRAM: Before I begin today I would like your permission to read a brief statement I’d like to make for the record. Can I do that?

THE CHAIR: I don’t know what you’re about to say, so I don’t really have any comment about that, so carry on.

WHARRAM: In the last week I’ve been approached at my residence by nothing short of what I would call a hoodlum. The hoodlum in no certain terms told me they wanted their friend’s money back that I scammed. I have made a police report of the incident with a Constable Nishin (phonetic) of the Chilliwack RCMP and have been issued a police file number. Recently I had an opportunity to watch what the British Columbia Securities Commission in another glamorous press release calls an entertaining video. In the video the main character, the mother of a victim of fraud, attacks an alleged fraudster with physical violence that I will call a vigilante act. The video is a sick, pathetic attempt to make the people of BC aware of securities fraud. This would be equivalent of the Vancouver Police Homicide Department making an entertaining video promoting family members of murder victims to attack an alleged perpetrator. On November 6, 2014 Brenda Leong, the chair of the British Securities Commission, calls the fraud fighter video fun in a speech that she did at the Financial Consumer Agency of Canada’s 2014 national conference. I’m concerned if anything happens to my family or myself, I think this video is — and if anyone hasn’t seen it in this room I encourage you to see it, it is actually sick, made me sick to my stomach when I first seen it. I just want to bring it to the panel’s attention, public’s attention. I think it’s important that people like myself are protected out there. Thank you.”

Source: November 21, 2014 Hearing Transcript

By the time we got back to Chilliwack at about 6 PM that night the video had been scrubbed with a message saying a new version would be available shortly.     A few days later, the following video was put up on the BCSC’s YouTube page where it remains today.   This is a pathetic waste of money…of time…and shows what the people at the BCSC seem to stand for – encouraging people to take the law into their own hands is NEVER warranted.   It is hard to believe that in an office full of lawyers not one of them said, “Hey, I think this is a little much, maybe we shouldn’t have characters taking the law into their own hands and attacking others at their home.”    

 Here is the revised version that was slapped together and re-posted back onto their YouTube channel:

https://www.youtube.com/watch?v=0aWiyj65aIk

What an extreme waste of money!

The overall theme at the BCSC is becoming more and more apparent on a daily basis – and it is time that people in this Province wake up to their actions!   Call the BCSC and find out who was responsible for producing this horrible video campaign – you have a right to know!

604-899-6500 in their main line!

Another article written by a Investigative Reporter for the Vancouver Sun indicates that BC Finance Minister Carole James has laid down the law and has “ordered the B.C. Securities Commission to improve its poor record of collecting the fines it has imposed…James said she told the commission to look at tools and options to improve collection and get back to her “soon”.”

Well Brenda – you could probably start the ball rolling by identifying the lone, complete failure who’s job is to collect the fines and disgorgement ordered by your Commissionaires.    Why so secret about who this person is?

I received a demand letter from a Mahdere Asfaw in your office – is this the utter failure that is not doing her job?  IF not her, why will you not tell the reporter from the Vancouver Sun this person’s name?

Back to collecting my fine and disgorgement – I very much look forward to hearing back from you!

PLEASE – COME COLLECT MY FINE AND DISGORGEMENT ORDER!!  DO YOU WANT ME TO COME DOWN TO THE OFFICES OF THE BCSC TO ALLOW YOUR WONDERFUL STAFF TO SERVE ME SOME SORT OF SUPREME COURT DOCUMENTS?   ISN’T THIS THE REAL REASON YOU DON’T COLLECT ON THESE DEBTS – YOU WOULD HAVE TO SHOW YOUR WEAK, FEEBLE FINDINGS/RULINGS/DECISION DOCUMENTS TO A REAL JUDGE!   AND THAT THE JUDGE WOULD PROBABLY LAUGH YOUR DIME-STORE LAWYERS OUT OF THE COURTROOM…

And I can see via my blog’s analytics that people at the BC Legislature are viewing my blog on a regular basis…you people indirectly allow the BCSC to pay the incompetent BCSC Chair Brenda Leong nearly $500,000 per year – why is she not looking for work at the local soup kitchen?   When are you people gonna wake up?  She is EVERYTHING that is wrong with the BCSC!

A powerful email we recently received from Christopher Burke and his thoughts on the mess that is the British Columbia Securities Commission…

From: Christopher Burke 
Sent: November-22-17 9:31 AM
To: Gordon Hoekstra
Cc: Gordon Hoekstra Vancouver Sun; Minister of Finance The Honorable Carole James; RJ; Rick Jewers; Alan Blanes; COMER Krehm; Herb Wiseman; Wes Kmet; Adam Weissman; Paul Hellyer; Larry Elford; Alan Sendzul; JLM Sendzul; Joyce Nelson; The Honourable John Horgan – NDP; Paul Manly; media@cupw-sttp.org; Small Investor Protection Association; Wanda Morris; Wanda Morris; hello@mikedejong.com
Subject: Why All the Unpaid Fines At BCSC, We know some Answers..

Wednesday, 22 November 2017

 WHY ALL THE UNPAID FINES OWED TO BCSC?

In a recent statement from BC NDP’s finance minster Carole James regarding the massive amount of unpaid fines owed to the BC Securities Commission Ms. James questions why the vast number of unpaid fines have gone uncollected by the BCSC.

These comment can be seen here in a Vancouver Sun article
Hundreds Of Millions In Fines Issued By BC Securities Commission Go Unpaid

Of course we know why these fines have gone unpaid, at least some of them anyway. Even thought the BCSC has rendered its judgements and filed them with BC Supreme Court it still must take the accused to court to seize their assets.
 While the BCSC claims that this is very hard due to the fact that the money is hidden and/or spent we know that this also is not entirely true.

One of the key reasons the BC Securities Commission lets these fines go unpaid is that the BC Securities Commission and many of its staff including former Head of Criminal Enforcement Ms. Teresa Mitchell-Banks operate in a criminal manner with no adherence to their own rule nor the rule of law.

We have demonstrated this in many posts, articles and countless letters to public officials, here is a little on that subject from The Chicago Daily Herald.
Does the Rule of Law not Apply To the Financial Markets? What Happened to Civil Rights and Due Process?

The BC Securities Commission does not protect the markets, it is a weaponized agency whose purpose is give the impression of a tough on crime agency for the public while behind the back of the public it assists a vast criminal network that is looting our province on a grand scale. It does not actually want its actions looked at in a court of law. Even if it is the BC Supreme Court where cases are often fixed by this same vast criminal network, its very risky as the evidence against them is mounting in a wide variety of cases.

Maybe its time to ask why the BCSC owns Securities in the BC Investment Management Corporation, the BCIMC in turn owns hundreds if not thousands of financial securities, many tied in to British Columbia.
 This can be seen here.
BCSC Owns BCIMC Securities, Does BCSC Know Definition of Words Like Conflict Of Interest?

Any real digging into the BC Securities Commission will reveal a criminal network potentially spanning the globe. This is not mere conjecture, there are many case like the cases that have been demonstrated in this post.

The connection between BCIMC and BCSC is organized crime at its best, not only is the BCSC a criminal agency with no regard for the rule of law the BCIMC through its vast holding of companies is very likely worse.
 One of the BCIMC’s many crimes is to burn down the home of Jack English and Family and steal his $200 Million dollar ocean front property near Tofino BC.
 The Full Story on BCIMC and its Crimes Against the English Family

The BC Securities Commission will never address these crimes because it is a major part of them as many have experienced.  The proposed new National Regulator will be no better, its simply designed to hide fraud and perpetuate it.

My name is Christopher Burke and the BCSC has found me guilty of trading without a prospectus yet the BCSC cannot take me to court for the multi million dollar fine it has levied against me not just because I do not have the money and never did, but because how it came to its judgement was through an utterly criminal process. I am not guilty, I was actually a victim. The same can be said for many others who had to deal with the BCSC.

Flawed would be too kind to describe their investigations and indicate this was not a purposeful undertaking when as has been demonstrated on my blog and many others the BCSC is a criminal organization. Christy Clark and Michael DeJong were aware and did nothing but aid and abet. Ms. James I sincerely hope you and Mr. Horgan plan on restoring the rule of law in this province because justice is coming with or without you. We the people will no longer tolerate these crimes against us.

 The BCSC is a Sham.

Regards
Christopher Burke

Thanks Christopher for your candid thoughts – we just wonder if the so-called  investigative reporters for the respective Vancouver Sun and the Vancouver Province have the tenacity to really get to the bottom of the shambles at the BCSC and other regulators across Canada.   Dig deep – there are dozens of stories that are there for your readers that will shed light on the real corruption in the racket known as the Canadian Securities markets!   These stories are horrendous – and each and every one of them are unique.  Are we all wrong?    This isn’t a matter of us whining and crying over sour milk – our allegations are many and include evidence manipulation, excessive fines, entrapment, Charter of Rights violations, fraud, abuse of power, incompetent staff, etc – and the list goes on.

What we wouldn’t do to have these relationships finally drained!  The people of BC and Canada deserve far greater!

RW

Is the BCSC’s Pension Fund part of a huge tax cheat scandal known as the Paradise Papers?

Should this come to no surprise to anyone?   As we blogged in this post on September 18, 2017, the British Columbia Securities Commission regulates the very same companies that are under the umbrella of the B.C. Investment Management Corporation (“bcIMC”)  – the BC public sector pension fund.  As you can see we questioned how they can ethically keep things above board when they regulate companies that essentially affect their bottom line and pays millions of dollars out to BCSC staff members.  We went on to point out a couple of entities that the BCSC “regulated” after wrongdoing.    But now, can we add the title “ALLEGED TAX CHEAT” to the ongoing saga around the public sector in British Columbia?

According to The Breaker.news website, “British Columbia’s public sector pension investor is listed in the Paradise Papers, the database of offshore investments leaked to a German newspaper and published by the International Consortium of Investigative Journalists.  B.C. Investment Management Corporation, which goes by the brand bcIMC, reported $135.5 billion in assets under management for the year ended March 31, 2017.bcIMC and several related companies are in the database, including a bcIMC company registered in Bermuda at the tax haven’s now famous Appleby law firm.”

When the author of the article above contacted representatives from bcIMC and the BC Government for comment, their Chair (Mr. Peter Milburn) and BC Finance Minister Carole James did not respond – why would they?   Furthermore, what are they now hiding or covering up?

This is the second time in recent days the publicly appointed Ms. James decided to keep her mouth shut.   The Vancouver Sun ran an article on Friday (November 17, 2017) discussing the dismal record of the BCSC in their feeble attempts to collect fines and disgorgement from those that have broken (or alleged to have broken) securities laws in BC.     NOTE:  WE BLOGGED ABOUT THIS SAME SUBJECT IN MAY 2016!!

-CLICK HERE –

On Monday, November 20, 2017, the same reporter called on Ms. James for comment on the BCSC’s lack of action and again – as you can see here – she decided to have no comment.    Sounds just like her predecessor – the Un-Honorable Mike de jong!  LOL!

What a group of misfits!!  When are the people of this Province going to wake up?

HOW CAN THE BCSC CONVICT A RESPONDENT USING IN ACCURATE NUMBERS THAT WERE MANUFACTURED BY THEIR INCOMPETENT STAFF??LET’S TAKE A LOOK…

In November 2007, the Developer of the Falls Resort approached me and asked if I knew of anyone that might purchase a unit in the Deercrest Townhomes, located on the property.    He had Unit 101 that was available for re-sale and the Respondents indicated they would ask around.   I called one of the investors in Edmonton and he agreed to purchase the unit for personal use.

Shortly there later, a commission cheque in the amount of $24,292.75 arrived made payable to West Karma Ltd.    I placed the cheque into the WKL bank account and NEVER wrote a cheque to myself personally.   Looking at the bank account statements for WKL for the following 10 days, $20,571.61 was spent directly on business expenses for WKL and FCC and $5,801.49 was used for personal expenses.

THESE WERE NOT INVESTOR FUNDS YET PAID FOR BUSINESS RELATED DIRECTLY TO THE WKL AND FCC.

That’s fine – people place funds into their business accounts on a regular basis as shareholder loans.     Our point is….IF the BCSC’s Executive Director (and his Staff) wanted to bring accurate allegations in their Notice of Hearing they needed to complete a proper accounting and bring in a proper number into the allegation….but let’s see what Lead Investigator Elizabeth Chan had to say during the cross examination during our hearing in April 2014:

Q  Can we put up, pull up Exhibit 00240? Can you please read this letter for the panel?

A  Just the body of the letter, like, —

Q  Just —

A  — after the “re” line?

Q  Just lead the letter please, from who it’s addressed to, and who it’s from and the body of the letter, sure, please.

A  Okay. So, I don’t think this is a document that I obtained. Uhm, it says:

West Karma Ltd., BC
Dear Sirs/Mesdames:
Re: Sales of 101-51096 Falls Court, Chilliwack, BC (the “Property”) by Blackburn
Developments Ltd. (the “Seller”) to -REDACTED-  (the “Buyers”) effective November 23, 2007 (the”Completion Date”). As notary for the seller, we enclose our firm trust cheque drawn in your favour, in the amount of $24,292.75 representing payment in full for the Commission with respect to the above transaction. Please provide our office with a receipt for payment at your earliest convenience. We trust you find the foregoing and enclosed to be in order, however, should you have any questions, please do not hesitate to contact the writer or Shirley MacKillop of this office.
Yours truly, Simpson & Simpson. And the name there says, “R. Dean Simpson” and the letter, the date, November 23, 2007.

Q Thank you. And have you ever seen this document before?

A Uhm, I didn’t obtain this document during the course of my investigation, but I did see it in the binder of materials of materials contained in documents that you were intending to rely on.

Q That’s the first time you saw it though?

A Yes.

Source: Hearing Transcript, April 11, 2014 (pages 23-25)

We love how the incompetent Elizabeth Chan admits in her first words that she didn’t “think this is a document that I (she) obtained.”    Kind of says it all right off the bat!   She then goes on to state, “I didn’t obtain this document during the course of my investigation…”    If you are bringing in fraud allegations against a respondent and 250 of his investors would be affected a great deal – do you not think you should bring in accurate numbers to even have a chance at proving the allegations?

  Crooked Elizabeth “Liz” Chan

This is the testimony of Staff’s most important witness – a Certified General Accountant with what appears to be a cracker jack degree from the University of British Columbia in Bachelor of Commerce?    That she never saw items going into the bank account that were relevant IF they wanted to bring an accurate number into the hearing room.   Elizabeth Chan is a highly paid Senior Investigator with the BCSC – it is HER job to find out the numbers used in the Notice of Hearing are accurate!   There is NO excuse for the sloppy work Staff completed in this matter!

How is this even possible is the onus was on the Executive Director to bring in clear and compelling evidence to prove the allegations in the Notice of Hearing?   Was the Respondents not entitled to a fair hearing with accurate numbers as the BCSC boasts on their website?

For the allegations to be proven by the Executive Director of the BCSC…

Former BCSC Executive Director – Paul Bourque

…Staff had to prove “on the balance of probabilities” that they had made their case.  One could conclude that bringing in a WRONG number into a hearing room would all but destroy their case –  but not at the KANGAROO COURT know as the BRITISH COLUMBIA SECURITIES COMMISSION! 

What a bunch of CLOWNS!  Time to drain the swamp of these BOZO’S!

November 2, 2017

-Video Originally Posted December 5, 2016-

It looks like the definition of a CHICKEN SHIT COWARD continues to be the BCSC’s junior litigator Olubode Fagbamiye!   In repeated request for Fagbamiye to answer our questions, he continues to cower and hide from answering any of them (or even denying our allegations).    As you are aware, we sent him a formal letter on December 7, 2016 after our phone call to his office.  During the phone call on December 5, 2016 he specifically says to write the questions down and communicate via written correspondence.   Was he just saying that to get off the phone?  It now appears so!

According to our friends at http://bcsccriminalcharges.blogspot.ca , this would put Fagbamiye in breach of a “Statutory Requirement for a government department to reply to all written correspondence within 14 days…”.    If true, how does this continue to happen at the British Columbia Securities Commission?   How are they above the law?

Mr. Fagbamiye – how does it feel to look in the mirror and know that you are part of the issues that continue to haunt the BCSC?  How does it feel to be such a coward and fail miserably at your job?

Can someone working at the BCSC go down the hall way and make sure he is awake?   Perhaps he naps throughout his days and has issues with getting his job done?   Who knows?