On Jan 5, 2015 DP Schiemann misled the public by declaring a “sufficient cash flow shortage” as opposed to "we took your money, put it in some speculative real estate / business ventures, told everyone their money was safe, and then we ran out of depositor funds." Today my webpage monitoring software "bing"ed to let... 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 →
CEF/DIL – ASC Settles with Lutheran Church Respondents
This just in - the ASC has settled its case with the Lutheran Church respondents. Since the case has been settled, the ASC has issued a notice of withdrawal wherein the ASC is withdrawing their allegations against the respondents. Excerpts of the settlement follow. I'll write more about this later. ANO Introduction 1. Staff of the Alberta... Continue Reading →