THE BC SECURITIES COMMISSION’S COLETTE COLTER – THE EPITOME OF THE BCSC’S INCOMPETENCE!

Looking back at the very incompetent Staff at the British Columbia Securities Commission that mishandled our file – we can’t help but mention this failure – Mrs. Colette Colter.   No matter the job she was tasked with – she always seemed to screw something up.  We hope she sings better than she types!  Let’s take a look…

      BCSC’s Mrs. Colette Colter (left)

Source:  Facebook

THE WRONG DATE ON THE NOTICE OF HEARING

It all started with the day that Staff brought forward their phony allegation that Wharram and the Corporate Respondents absconded with $5.45 million dollars.    Albeit it was not Colter that had anything to do with investigating the allegations, or even bringing them forward for that matter but that isn’t our point.    Facts are, her superiors gave her the simple Grade 5 task of physically typing the Notice of Hearing that was the foundation of the allegations against the Respondents.     For the record, the date we received the documents from the BCSC was June 14, 2013…not 2012 as you see from Page 5 of the Notice of Hearing below:

And confirmation the document was created by Colter….

We get that in the overall realm of things its not really that big of a deal – typos happen all the time.    But this document is probably the most important one of the entire matter – this is the document that formally brings allegations of wrongdoing to a Respondent.   You would think a person would be able to type the date – specifically that right year.   That being said, we can confirm people FAR higher than her up the chain at the Commission (including the failures C. Paige Legatt, Olubode FagbamiyeLori Chambers, Mark HilfordElizabeth “Liz” ChanC. Paul Bourque and Brenda Leong) ALL saw this document before it was sent out.   No one had the brains capable of noticing and correcting this?  These people make millions of dollars every year to be so-called “professionals”!

When asked about the wrong date during cross-examination, the flunky Chan fumbled her words in the most incompetent way!

Its interesting in that Chan admits to making “note” of the mistake before it was sent out – admitting she saw the mistake – and yet still allowed it to be sent to the Respondents?   Maybe this is why she is no longer employed at the Commission???

WILL SAY STATEMENT HAD WRONG NAME

Typos are one thing but getting a name completely wrong on a legal document is pathetic.   Now, the following may or may not have been Colter’s fault as there is a chance that the boneheads C. Paige Legatt and Olubode Fagbamiye could have been at fault when they dictated her their notes.

Either way,  as a Respondent, we were legally able to prepare for our hearing by receiving a Will Say Statement from Staff that would allow us to prepare for our cross examination of their witness.  In this case, it was one of the former investors that was going to appear for Staff.  Weeks before the hearing, Staff sent us the Will Say Statement and as you can see below it states, “He invested in Falls Capital Corp. on the recommendation of Susan Wong of Portfolio Strategies Corporation.”   This was very odd as I had NEVER heard of a Susan Wong that worked for that firm.

When we questioned their witness about it during the cross-examination, he indicated he had never heard of a Susan Wong:

Fagbamiye was hilarious – I remember actually thinking how much of a complete idiot he was when trying to stammer out the words in his thick accent…how could a “highly” trained lawyer be such a train-wreck in a hearing room??  I also remember glancing at C. Paige Legatt and seeing her just staring at him in almost disbelief.   The hearing was not a great time in my life but I remember being amused while they went through their binders trying to get the the bottom of their feeble mistakes!  The sweat on Fagbamiye’s brow was showing!

As you guessed it – the infamous Colette Colter was the author of this document as well….

 

SENDING CONFIDENTIAL DOCUMENTS FROM ANOTHER CASE

And finally, we have what can only be called a careless mistake Colter made while sending highly confidential emails.  These emails were sent to me and were from another matter with a completely different Respondent.   Simply, they sent me documents that were suppose to go to someone completely else.   Colter is a mess at this point in the junction…

As you can see above, she attached document “#1602059 Wood – Executive Directors Reply Submissions” .   She recalled the email a short while later but nonetheless, this poor Respondents personal correspondence was sent out to the wrong recipient because of Mrs. Colette Colter.  #FAILURE

We feel that if you are going to call yourself a Legal Assistant (and physically take a pay cheque from a government agency) that it should require complete professionalism.   And you should probably not make fundamental GRADE 5 mistakes – really, how hard can it be?   Case law tells us that IF a policeman writes the wrong date on a speeding ticket their is the possibility that a judge will throw out the charges yet this simpleton can make blatant mistake after mistake and still hold her job?   Again, this seems to be the norm at the BCSC!  When is it going to change?

In the near future, we are going to highlight different fuck ups from the people down at the good ole British Columbia Securities Commission….as always stay tuned!

 

 

2018 – ANOTHER YEAR OF “NOTHING” HAPPENING AT THE BC SECURITIES COMMISSION!

HAPPY NEW YEAR!!

As we enter into 2018, one can only wonder what is going to happen this year down at the good ole British Columbia Securities Commission.  Our prediction is simple – another year of NOTHING!   Fines will remain uncollected….Brenda Leong will still collect her $500,000 pay cheque while failing the people of this Province….and dopes like Olubode Fagbamiye will still do ANYTHING to make a case against Respondents.

CRIMINAL CHARGES ARE NOT IN THE BCSC’S BEST INTEREST 

I have had people ask me recently why they BCSC did not pursue criminal charges against me (and several other of their many allegations over the years).   In actuality, the BCSC bark is much stronger than its bite.   For many accused fraudsters life continues as if nothing even happened – they simply move to another profession or move out of the Province in which they were charged.   It is in these situation that former investors fell even more helpless and that there truly is no recourse against the wrongdoing.

It is our opinion that the crux of the matter is that the BCSC (and their counterparts in other Provinces) prefer it this way – for a couple of different reasons:

First, they are complete egomaniacs that want to control every inch of an investigation – they are able to throw whatever they want at the wall and hope it sticks.   In a criminal investigation the level of proof (before a judge will issue a warrant)  and even hear allegation in a court room is far greater.   Investigators  (including the complete and udder failure Elizabeth “Liz” Chan and her boss at the time – the flunky Lori Chambers) are able to run around with their badges and have relatively no experience – remember Chan was a simple  Chartered Accountant when she started at the BCSC.   How does a CA end up with a badge?   She was trained to add numbers up and wasn’t even able to do that right – how can the BCSC justify giving this inept person conduct on a file?

And secondly (and more importantly) they are able to bring many bogus allegations against Issuers WITHOUT having to really prove anything.   They do NOT have to appear in front of a judge or jury and need to only prove their case on the “balance of probabilities” (50.1%) in front of their OWN peers – rather than in a courtroom where a far greater case must be presented to prove  allegations against any Respondent.  Respondents really don’t stand a chance and the process certainly is not fair to all parties – despite this being a mandate on the BCSC’s website.

Please understand, the BCSC is run internally where Respondents must go against an Executive Director, lawyers and a Panel of appointed Commissionaires whom are ALL paid by the same internally run BC Securities Commission.   Shockingly, during our hearing it was an almost daily event to see the flunky lawyers walk out with Chan and get in the elevator.  One can almost be certain that they had private meetings to discuss strategy during the days of the hearing – this would NEVER happen in a criminal case with real lawyers and judges.   During the hearing, when we asked the Panel Chair Nigel Cave about this his reply was, “We are not even going to entertain that comment…”.   He completely swept my question under the rug as they did with many of my comments.

And let’s not forget the investors – as we blogged in the past, the BCSC can’t even collect on these fines.   They have levied fines of OVER $340 million dollars and have only collected a small fraction over the years as you can see here in this blog.   What a complete joke this system is – completely broken and in need of an overhaul starting at the top with Brenda Leong!  Investors deserve better!