It appears more discontent is heading the way of the Staff running the BCSC. In what can only be described as a very embarrassing video for Staff at the BCSC, the Principles behind Mountain Star Gold entered the offices of the BCSC in Vancouver with their legal representatives from Chile and a group of their investors – and issued legal documents alleging Staff (Roy Leon – Senior Compliance Officer and Shawn McColm – Staff Litigator) were involved in fraudulent activity with regards to Mountain Star. Implicit in their allegations are actions of big wigs at Barrick Gold, including former Prime Ministers Brian Mulroney and Stephen Harper.
As with many other current situations – the people of the World are waking up and standing up to corruption in government run agencies. As we have said before, the Staff at the BCSC are not above the law and MUST be held accountable for some very poor decisions made in the recent past. This story is going to get bigger and bigger considering who’s in play.
Today we received an emailed Press Release from Mr. Brent Johnson (“Johnson”) – he is the President and CEO of Mountainstar Gold Inc. and has had MANY issues with the BCSC as well. We have written previously in this blog with some of the details on their matter.
The email touches on a very important “win” they have incurred after some 5 years of litigation. This new decision by a Chilean court overrules all past decisions and as Johnson states, “…ends corrupt behavior of the bureaucrats in the Chilean government.”
HERE’S THE KEY WITH RESPECT TO THE CANADIAN CONNECTION
Why this is a huge win here in Canada is because lawyers in Chile are now indicating they WILL be calling any and all witnesses, including many Staff at….you guessed it….the infamous BRITISH COLUMBIA SECURITIES COMMISSION.
Johnson indicates Romolo Di Fonzo (Lead Investigator at the BCSC) and Shawn McColm (Senior Compliance Counsel at the BCSC) are up first and will have their subpoenas shortly – forcing them to appear in Chile to answer many hard questions regarding their actions. He then promises “…about six more (staff) from the BCSC which include Brenda Leong, the Chair of the Commission” and other VERY high profile Canadians will then be subpoenaed to appear in front of the same court.
Does this explain why Paul Bourque (the former Executive Director of the BCSC who took a job in Ontario) and Teresa Mitchell-Banks (former Director of Enforcement at the BCSC whom was fired and seems to have dropped of the face of the earth), among others, have all left the BCSC? Who knows – there seems to be so many secrets down on Georgia Street.
This has ALL the makings of finally shaking up the perceived issues at BCSC – if the allegations from Mountainstar are proven in a Chilean Court the BCSC will be rocked to their foundation. And when they fall, inquiries will surely be launched into other matters – including our allegation that Staff at the BCSC manipulated evidence in their written submissions.
Staff are ONLY allowed to hide behind the BC Securities Act (immunity from prosecution) IF they act in good faith while completing their job assignments. Manipulating evidence in an attempt to make a defendant look guilty is CERTAINLY not acting in good faith!
Well….Mr. Fagbamiye, are we ever going to go out for that beer so you can tell me why you did it??? I will even let you buy on your BCSC expense account!