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 “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 punch 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:
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!