It looks like we have this months winner of the “Absolute Scumbag Award” down at the British Columbia Securities Commission.    It is none other than Pamela McDonald (acting as Director of Communications and Education)….

Pam McDonald (Twitter)

Recently, through a Freedom of Information request, we asked to see McDonald’s expense account from BCSC’s fiscal year end for 2017-2018.    Her spending is questionable in that she has income of $244,522 and has expenses of $27,397.    We thought we would take a look – and as we reviewed her file we came across something absolutely pathetic and really shows the true colors of this BCSC Staff Member.

It appears that for whatever reason, McDonald was in charge of gathering supplies for a party for a fellow staff member’s (Brenda Benham) who was leaving the commission.   As you will see below – she ventured out of her cozy little office and made stops at Safeway (Cheese and Fruit Platters), Costco (Veggie Tray), and the Party Bazaar (for Balloons) to gather supplies for the going-away party.


Understanding people have parties for friends and business associates all the time, that we are fine with – we just don’t understand the absolute cheapness and greed shown by McDonald.

Ms McDonald, if you happen to read this blog – please take the time to think about why you wouldn’t go out and pay for this stuff out of your pocket?   Really?  You even had the audacity to charge back to the commission the 2 bucks you paid to park at Costco for fuck sakes?   How do you think Ms. Benham would feel if she knew you did this?  The woman gave her heart and soul to the Commission and you won’t even open your wallet and pay $189.00 for her little party out of your own pocket?    You make over $240,000 per year and you won’t pay $2.00 to park your car for a few moments at Costco or $13.00 bucks for some balloons?   What a joke!

You’re just another reason that people can’t stand abuse at our government level with our crooked Crown Corporations and why the BCSC, ICBC and BC Hydro etc. are all pathetic.  By the way – how do you even justify a quarter millions dollars a year salary plus over $27,000 in expenses?  At a simple glance – you run around town trying to spew the BCSC’s poison all in the name of keeping the markets educated?

And by the way – I will keep the “buying booze for yourself and others” on the BCSC’s dime while down in Toronto on the down low – for now!   Were you the Maker’s Mark or the Pinot Noir?

But no worries Pamela – after reviewing several other names on the list (including your fearless leader, Brenda Leong), we see many of you like to suck back the wine/booze while representing the BCSC….even at 2:00 in the afternoon!  I wonder if she went back to the CSA summer meetings that day?   My guess is that she did have to go back….because at 2:56 the same day she was buying a tea…

Good job Brenda!!  But I will give you kudos….at least you paid for your wine (this time) out of your $500,000 grand, right?   More to come on her expenses and her tastes for wine in the near future….stay tuned!   LOL!!



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 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!











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!