When the whole ABC District debacle debuted in Jan 2105, depositors that'd trusted the Lutheran Church with their funds were treated rather shabbily - good information wasn't forthcoming, District officials misrepresented what had actually happened, District struck a Task Force to investigate what happened and when the task force issued its first report, disbanded the... Continue Reading →
CEF/DIL Updates – Oct 27, 2021 Corrections
Ok, I must've been asleep at the wheel to make the mistakes I made on the original post, so here's a mea-culpa post. Correction #1: As it turns out, there are two "Ruf"s involved in the CEF/DIL mess and I got them confused. Harry Ruf was ABC District President when the life lease village was... Continue Reading →
CEF/DIL – Will There Yet Be Consequences?
I've written many articles about the lack of action by the various Synodical officials even in the face of an outright conviction by the ASC Securities. Today Rev Clifford wrote a post in the CEF Investors Forum that - at long long last the Synod Board of Directors has done something about the people involved... Continue Reading →
CEF/DIL: The Wheels of Justice Grind Slowly
It's said that the wheels of justice turn slowly because of how fine they grind. This is a good thing because a just system needs to correctly discern the good from evil so it can protect the good while holding the evil to account. Almost eight months ago in Sept 2019 the ASC settled with... Continue Reading →
CEF: Deloitte Calling!
Well, I've learned something. And now I've learned something else. Tyler of Deloitte returned my phone call tonight. Tyler's been helping with this case for the past few months and was able to give me an update on where things are. What follows is from my notes of that conversation and not to be considered... Continue Reading →
CEF: Wherefor Art Thou Luke Pt II.
When I learn something, I'll post it here. Well, I've learned something. "Luke" is on holidays, he's expected to be away for two more weeks, and nobody else can check the file to see where things are. The Calgary office has also been getting peppered with calls. I wonder why? 🙂
CEF: Wherefor Art Thou Luke?
In the previous article I wrote about the lack of activity on the Monitor website pertaining to the ABC District CCAA case. I didn't get a callback in the morning so I called Deloitte again and got routed to voicemail. Not satisfied with leaving another message I called the switchboard to learned what I could... Continue Reading →
CEF: The Number You Have Called Is Not In Service
Back in September 28, 2019 I posted an article "CEF: Update from Deloitte" which posited that the Tuscany property had been sold, a distribution was waiting for court approval, with the expectation the distribution would be out the door sometime in Nov 2019. Fast forward to Jan 2020. The Deloitte insolvency website hasn't been updated with... Continue Reading →
The LCC / ASC Settlement and the Cost of Litigation
In the article My Response to the ABC District BOD Letter Regarding the ASC Settlement / Part 2 of 3 I posited some cost/benefit reasons why ABC District et al decided to settle vs going to trial. Recently I came across a video blog by David Freiheit - a Quebec based lawyer that does video blogs... Continue Reading →
My Response to the ABC District BOD Letter Regarding the ASC Settlement / Part 3 of 3
This is part 3 of a 3 part a series of articles about Chairman Kubke's letter regarding the ASC Settlement. Part 1. Part 2. Chairman Kubke concludes his letter so: It is our mandate as the current Board of Directors of Lutheran Church Canada Alberta British Columbia District to make sure that everything that we... Continue Reading →