AND THE LIBERAL TRIFECTA IS COMPLETE!

At the beginning of the week, we blogged alleged fraudster, Paul Oei was in tight with BC Premier Christy Clark, yesterday it went up the ladder to MP Joe Peschisolido, and today we have reached the pinnacle with Prime Minister Justin Trudeau.

Reporter Sam Cooper from the Vancouver Sun/Province now reports  Oei’s company was the listed sponsor for a July 2015 Richmond Chamber of Commerce lunch featuring Trudeau.

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Paul Oei  with soon-to-be Prime Minister Justin Trudeau                            Source: Vancouver Sun Media/Facebook

According to Cooper, “Photos obtained by Postmedia show Paul Oei breaking bread with Trudeau at the luncheon’s head table, and introducing Trudeau to the sold-out crowd. Oei and Trudeau embraced before the future prime minister addressed a packed room of Richmond business and political figures.”

It leaves one to question why Trudeau is out west “breaking bread” with Oei in July 2015 when according to records, Oei’s legal problems with his investors started sometime in (or sooner) June 2014 – some 13 months earlier.    It is more than likely this lawsuit started the subsequent investigation by the Brenda Leong and her people at the BCSC.

We are left wondering why Justin’s handlers do not conduct reviews of people (he will have direct contact with) at social events of this magnitude.

 

 

 

NOT A GOOD TIME TO BE A LIBERAL IN CANADA? PESCHISOLIDO NAMED IN LAWSUIT

In a story that keeps unfolding, a Federal Liberal Party member has been named in a lawsuit surrounding the allegations of fraud against Mr, Paul Oei.   In a recent article in the Vancouver Province reporter Sam Cooper now indicates that Federal MP Joe Peschisolido (who before being elected to Parliament in 2015 was a lawyer) represented Oei at the time when the alleged fraud occurred.  And as a result, Peschisolido has been named in the lawsuit filed by former investors indicating Peschisolido was negligent with their funds being held in trust when he released them to Oei.   It is important to note that neither Oei or Peschisolido have had their day in court and the allegations have not yet been proven.

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Joe Peschisolido (left) and Paul Oei                                                                       Source:  Facebook/Vancouver Province

According to his website at http://www.pcbslaw.ca,  Peschisolido founded his firm in 2006 (the same year he was called to the bar) with an emphasis on… 1. Asian companies establishing presence in Canada, 2. Buying and selling business in BC Canada,  3. Investing in Canadian companies,  4. Foreign direct investments into BC Canada,  5. BCPNP investment and skill immigration,  6. Corporate Intellectual Property Protection,  and 7. Corporate advisory, commercial transactions, mergers / acquisitions, joint ventures and capital raising. 

Wow, what an interesting area of law to focus on!   And then while you are at it become a elected Member of Parliament.  Could this be a “ONE-STOP SHOP” for all your investment/fundraising needs?  At a glance – Peschisolido reeks from here to high heaven!

As we indicated yesterday – this story is about to explode!!

CHRISTY CLARK (AND FELLOW BC LIBERALS) IN TIGHT WITH ALLEGED FRAUDSTER?

Talk about egg on your face……

On September 26, 2016, the British Columbia Securities Commission brought allegations of fraud against a prominent Vancouver business man, Paul Oei.  The Vancouver media went immediately to press with the story and displayed a picture of Mr. Oei and his wife they found on the internet.  We assume that the writer of the article (Sam Cooper) went to the internet and googled Mr. Oei’s name extensively.

When we googled Mr. Oei’s name; one of the first pictures we came across was shocking to say the least.  In the photo of Mr. Oei,  we find local BC Liberal Party MLA John Yap, and none other than “Crooked” Christy Clark with her arm around him….presenting Mr. Oei with some sort of an award at a high-end gala.

Why would Cooper not print this picture of Oei with the Premier Clark and Yap if he really wanted an audience for his story?  The Premier and an MLA in a photo op with an alleged fraudster and this would not be news worthy?

 

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Source: RHF YouTube page

It is alleged Mr. Oei, via one of his corporations, defrauded investors of $6.9 million dollars.  The BCSC is going to set dates for a hearing at a later time.   In a Richmond Hospital Foundation YouTube video (that was deleted today from YouTube) it shows Mr. Oei donating $50,000 to the foundation in 2012.

The fact that the Richmond Hospital Foundation has scrubbed the YouTube video only hours after the BCSC went public with their allegations would suggest they are not willing, ready, or able to stand by this man whether the allegations are accurate or not….and shows they are immediately distancing themselves from him during what will undoubtedly be a very difficult time in his life.

We can only assume that the allegations against Mr. Oei (the specific number of $6.9 million and allegations of money spent on personal items including donations) were investigated much more efficiently (and accurately) by the Commission investigators than in our matter – and we sincerely hope the investigations into Oei was NOT completed by the alleged inept Lead Investigator Liz Chan!!   Otherwise, they are going down a very slippery slope SPECIFICALLY blaming someone for something they may not have done.   Mr. Oei appears to be very well connected in the Vancouver community and will undoubtedly receive support from many – perhaps even Christy Clark and MLA John Yap – as he mounts his defense.

UPDATE: As at 11:00PM 27/09/2016

Surprisingly….Reporter Sam Cooper has NOW made the connection between Oei and Christy Clark and MLA John Yap with a very damning update to his original story.   Judging from the picture in his update, it would appear Premier Christy Clark very much appreciated Mr. Oei’s generous donations….just look at that million dollar smile!

This story is about to explode on the BC Liberals!  Just think of how ironic this is –  BC Leader Christy Clark appoints personnel at the BCSC who in turn appoint Staff to investigate alleged fraudsters who in turn show up at her fundraisers to give her money?   Truly mind-blowing!

STORY HERE

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Source:  MLA John Yap Twitter account/Vancouver Sun

 

QUESTIONS FOR THE EXECUTIVE DIRECTOR OF THE BCSC!

We have been contacted by former investors of FCC and DCF and have been asked questions regarding the Settlement that was presented to the Staff Litigators.    They want to know why the Settlement Offer we talk about earlier in this blog was not accepted by the BCSC – and why Staff insisted that the only way they would allow a Settlement to occur was IF we agreed to ALL the allegations in the Notice of Hearing, issued on June 14, 2013….and then agreed to pay nearly $6 million in fines and restitution.    The lawyer who made these statements was C. Paige Leggat – a simple $100,000 a year lawyer who resigned after we alleged they manipulated the main document in the hearing.

To all of you that have made contact with us – please call or email the Executive Director of the BCSC at the number/email located below and ask them these 5 questions:    bcsc-5-questions

It is time these people answer why the investors are not currently receiving money from the development of the Deercrest Townhomes.  You are entitled to answers from these people!   They are public servants!

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Deercrest Unit in 2016

WHY DOES BRENDA LEONG REFUSE TO SUPPORT HER STAFF?

Again, we have reached out to the Chair of the BCSC (alleging wrong doing of her Staff) and she will not respond!

Neglecting her JOB is something we hope is remembered the next time her $500,000 per year salary is renewed by the BC government!  Ignoring emails questioning her Staff has been going on for months.   What kind of a boss does not (at least) defend her Staff?   She has literally left them out to dry!   It appears Ms Leong only cares about her own agenda down on Georgia Street.    Shame on her!

You can say what you want about me but at least I would have defended my Staff against allegations of wrong-doing (if I truly believed they were false allegations).

We feel it is time she comes out of the little hole she is hiding in and deal with the many questions she is facing regarding the actions of her Staff!

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Brenda    BCSC’S CHAIR BRENDA LEONG

Source: Chen Zhiqiang

DID BCSC STAFF LAWYERS C. PAIGE LEGGAT AND OLUBODE FAGBAMIYE MANIPULATE EVIDENCE?

At the conclusion of the hearing, the Panel Chair instructed both parties to complete Written Submission on Liability.  These documents argued the points brought up during the hearing and gave the parties the ability to prove (or disprove) the allegations brought forward in the Notice of Hearing.

One of the key documents involved in the hearing was the Offering Memorandum(s) (“OM’s”) used by the Respondents to raise capital.  For those that invested with the Respondents, you will remember this document as one you were given at the time you invested.    The BCSC (and other securities jurisdictions) allow an OM Exemption when raising capital in the securities market.

On May 16, 2014, the Respondents received the Executive Directors Submissions on Liability and began reviewing the points brought forward by Staff.  We read them from cover to cover a couple of different times and soon noticed something very particular….

Unfortunately, at paragraph #10 of their submissions, Staff resorted to physically changing the appearance of the document.   We feel they did this to suite their theory (and main allegation) that the Respondents did not forward the MAJORITY of the funds to the Developer.   This was the big $5.45 million fraud allegation that was ultimately dismissed by the Panel.   Let’s take a look at paragraph #10 as it appears in their submissions….

Staff's Submission on Liability - paragraph 10And now, for those of you that don’t have the FCC or DCF Offering Memorandums in front of you, this is how the document looked – keep in mind this document was relied upon at all times to raise capital for the projects, and Staff were suppose to have the onus of proving the case as alleged in the Notice of Hearing:

FCC OM's as they Actually Appear Continue reading DID BCSC STAFF LAWYERS C. PAIGE LEGGAT AND OLUBODE FAGBAMIYE MANIPULATE EVIDENCE?