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 →

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CEF / ASC Hearing Notes and Decision

The ASC hearing is open to the public, and fortunately for the rest of us some people were able to attend the hearing and took notes of what they saw and heard, which they then sent to me. For that I thank them. According to those notes, the main reason for this hearing is the... 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 →

Wade Mullen Quote of the Day – Dec 20, 2018

Or, should I say "tweets of the day"? Good stuff. https://twitter.com/wad3mullen/status/1075866218572251136 https://twitter.com/wad3mullen/status/1075866219465576452 https://twitter.com/wad3mullen/status/1075866220493238273 ...which is why I use a pseudonym - you can't privately oppress what you cannot find. https://twitter.com/wad3mullen/status/1075866221885698050 ...and if I ever find myself in a meeting to "discuss" purported "issues of concern" I'm recording it in the off-chance it turns out to... Continue Reading →

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