CEF: Update from Deloitte

Recently "Repicheep" on the CEF Investor's Forum asked Deloitte where things were given that the parsonage lot and the Tuscany properties since both been sold and the funds were still waiting to be distributed. Joseph Sithole at Deloitte responded as follows: The Alberta securities commission settlement is the reason why the final distribution has been delayed.... Continue Reading →

CEF/DIL – ASC Settlement News Release

The ASC has issued a news release on the ASC - LCC settlement. A copy of this release follows. ANO LUTHERAN CHURCH SETTLES WITH ASC FOR MISLEADING INVESTORS Sep 12, 2019 CALGARY – September 12, 2019 – The Alberta Securities Commission (ASC) has concluded a Settlement Agreement and Undertaking with the Lutheran Church-Canada, the Alberta-British Columbia... Continue Reading →

What the ASC Can and Cannot Do

In the article "CEF/DIL: ASC vs LCC et al" I made a reference to the ASC "throwing the book" at the respondents if they interpreted the respondents appeal to the Court of Queen's Bench of Alberta as an attempted end-run of the hearing date the ASC had set back in Aug 2018 . "Carl Vehse" asked - "What can... Continue Reading →

ASC Hearing Ruling: Feb 28, 2019

When the CEF / DIL funds collapsed there was considerable speculation about what happened, why it happened, and if any laws were broken - what the left-hand authority of God's agents on earth would do about it. On Aug 31, 2018 the ASC held a hearing where staff laid out it's case against various named... Continue Reading →

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