ASC Changes CEF Hearing Staff Counsel

In any team effort you have players on the field and players on the bench. Depending on the circumstances these players may be moved on and off the field as the coach sees fit in order to maximize the team's results. Somes players are changed because they need a rest, sometimes they're changed because the... Continue Reading →

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CEF vs ASC: Meet the ASC Hearing Panel

When the ASC begins hearing into the allegations of CEF's securities misconduct starting May 13, 2019 - a panel will hear both sides of the case, consider the information they have, and then render a verdict. If their verdict is that the accused have committed an offence that requires sanctions, a sanctioning hearing will follow... Continue Reading →

CEF/DIL: Mislabelling Risk

For those who don't know the history behind the whole CEF/DIL debacle, I'm re-posting an article I wrote for SolaGratia back on Sept 14, 2015 and on this blog on Dec 6, 2017.  In this article I summarize how a stodgy, low-risk loan-to-limited-clientele business morphed into a high-risk "bet the farm on a roll of... Continue Reading →

CEF vs ASC: No News is Good News?

Jan 21, 2019 has come and (nearly) gone - and no official word from the ASC pertaining to the matter about the application to stay this proceeding until the representative action has concluded. However, the ASC's "Proceedings, Decisions, and Orders" page for this proceeding is still there, the May 2019 hearing dates are still in... Continue Reading →

CEF: Meet ASC Counsel Janet McCready

Janet is the ASC's staff counsel responsible for the ASC's proceeding against various people involved in the the ABC CEF debacle. The following text is from her public page on the ASC website. Janet's position against fraudsters that refuse to take responsibility for their actions is a refreshing change from LCC's "ignore it and it'll... Continue Reading →

Shepherd’s Village Ministries Ltd update Jan 19, 2019

One of the speculative real estate ventures ABC CEF engaged in was "Shepherd's Village Ministries" (SVM) (1) which, according to the KPMG Report: SVM's primary purpose was to build housing accommodations for mature adults, senior citizens, or the elderly. SVM built a seniors independent living facility in Valleyview, AB with that objective and the concept... Continue Reading →

CEF/DIL: ASC Application Hearing Update

Counsel for the prosecution and the defense have made their case. As I expected, counsel for the defense want to delay the proceedings until the representative action has concluded, or have the proceedings sealed so they cannot be used against them when the representative action commences. Considering that the AB real-estate market is somewhere between... Continue Reading →

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