Month: April 2019

What was it like at Walton International?  To be on the front lines back during the “good years” – to be an employee in one of their offices?

Recently, we were contacted by a former employee of Walton and what they have told us should rock both the Alberta Securities Commission and Walton brass to the core.      How could the ASC allow Walton to go essentially unchecked for years when dozens of people were coming forward with unbelievable stories of their losses with Walton.

Some of  the former employees comments include:

• Physically scared to answer the phone because they were told the lines were tapped.   Bosses told staff to hang up the phone if anyone asked too many questions – specifically about the open offerings.
• Mail was often sent to head office via FedEx but staff were told to hand fill in the form with Non-Walton information and drop them off directly at the station as opposed to having FedEx come to the office.
• “One of the VP of Sales would come into the Walton office with brief cases of cash after meeting with foreign investors.   Amounts were over $200,000 in cash.  He would ask us to deposit the cash at a nearby bank, but the Administrators in the office would refuse.”
• “Doherty was a scary fellow” – they indicated they met him briefly but he was never formally introduced to many of the staff.
• “The staff parties were lavish to say the least. Monthly steak dinner’s at Hy’s Steakhouse.  They had to dump.money every month apparently.”
• Employee was terminated only a day before their 3 months without cause. From what they heard, “Walton only kept a Receptionist for 3 months at a time and thinks they did this before they knew too much mostly likely.”

Shame on Walton and shame on the regulators for allowing these people the run of the town – do forget, we have spoken to foreign investors that indicated the were invited to Calgary, Canada to tour the Walton business model – and this included a trip to the Alberta Securities Commission.  And letters in lawyers letterhead indicating the ASC had given Walton a free-pass.

Shame on you all!

WOW!

What can be now be said about the gutlessness that defines former BC Securities Commission lawyer Olubode Fagbamiye?   Those of you that have followed this blog can truly appreciate what this total waste of skin has done in his roughly 6 years at the BCSC.    We firmly believe it was Fagbamiye and his side-kick C. Paige Leggat that manipulated evidence in our case during the hearing.

We can now confirm that this vile piece of garbage has either been terminated or quit his push-over litigation job at the Commission.   As we reported a few weeks ago we sent request under the Freedom of Information act and the BCSC office responded with the following…

What kind of a firm would hire this clown?   And furthermore, how did this flunky get hired by the BCSC to begin with?   Think about it for a moment – he can hardly speak english – his mannerism both in a hearing room and in correspondence is pathetic…and lets not forget this gem.

In closing, we can now confirm that EVERY one of the staff that worked our file have now been terminated or have quit their cozy positions at the BCSC.    Starting with Paul Bourque (then Executive Director), Teresa Mitchell-Banks (then Director of Enforcement), Liz Chan (then Lead Investigator), Paige Leggat (then Lawyer), and now Fagbamiye.  Whats going on down at the BCSC?    One can only speculate that there are reasons for this – maybe the powers-that-be are getting rid of the deadwood and staff that acted in bad faith during their time at the BCSC.    Scumbags – all of them!