Tuesday, September 30, 2014

Ernst & Young agrees to pay $8-million TRE-X penalty

Dirty Ernst & Young pays a true pittance for the horrid Sino Forest scam and lets get serious here. These MFers are 100% responsible for this public fraud and are getting off basically for free the basterds. Just ANOTHER example of how hopeless securities regulation is in this country.

We have a gaggle of former E&Y scumbags involved in TRE-X and take a bow boyotards ... crime does pay, for some.
This monkey COULD go on and on. These wicked MFers were instrumental in the Sino Forest fraud, in other words THERE COULD HAVE BEEN NO FRAUD except for the critical involvement of the E&Y scum who joined the TRE-X BoD.

TOTAL shame on the OSC for settling for fuk all. This BS spells out why a serious criminal basterd sets up shop in Canada always and in America never. UNREAL is what the latest insult is. Somebody requires a jail term to deter other scumbags.
At one time the TRE-X fraud had a market capitalization exceeding $ 6 fukkin billion and who's "fault" is that exactly? Look absolutely NO FURTHER than the criminal scum "counting" the completely imaginary beans here citizens.
By absolute, 100% rights there should be some jail time involved here. Naturally there ain't, probably never will be, and damn it is citizens.


http://www.stockwatch.com/News/Item.aspx?bid=Z-C:*OSC-2215654&symbol=*OSC®ion=C

Saturday, September 27, 2014

Jesse James

Jesse Woodson James (September 5, 1847 – April 3, 1882) was an American outlaw, gang leader, bank robber, train robber, and murderer from the state of Missouri and the most famous member of the James-Younger Gang.

Already a celebrity when he was alive, he became a legendary figure of the Wild West after his death.
After the war Jessie and his brother Frank James became outlaws and established a gang that included Jessie James, Bob Younger, Cole Younger, James Younger, Bill Chadwell, Clell Miller and Charlie Pitts.

On 13th February, 1866, the gang robbed a bank at Liberty, Missouri. Over the next few years the brothers took part in twelve bank robberies, seven train robberies, four stage-coach robberies and various other criminal acts. During these crimes at least eleven citizens were killed by the gang. As well as their home state of Missouri they were also active in West Virginia, Alabama, Arkansas, Iowa, Kansas and Minnesota.
On September 7, 1876, the James-Younger gang attempted a raid on the First National Bank of Northfield, Minnesota. After this robbery and a manhunt, only Frank and Jesse James were left alive and uncaptured.

With his gang nearly annihilated, James trusted only the Ford brothers, Charley and Robert. On April 3, 1882, the Fords and James prepared to depart for another robbery. They went in and out of the house to ready the horses. As it was an unusually hot day, James removed his coat, then declared that he should remove his firearms as well, lest he look suspicious. Noticing a dusty picture on the wall, he stood on a chair to clean it. Bob Ford shot James in the back of the head.

The murder of Jesse James became a national sensation. The Fords made no attempt to hide their role. Indeed, Bob Ford wired the governor to claim his reward. Crowds pressed into the little house in St. Joseph to see the dead bandit, even while the Ford brothers surrendered to the authorities but they were dismayed to find that they were charged with first degree murder. In the course of a single day, the Ford brothers were indicted, pleaded guilty, were sentenced to death by hanging, and two hours later were granted a full pardon by Governor Crittenden.

Bob Ford operated a tent saloon in Creede, Colorado. On June 8, 1892, a man named Edward O'Kelley, went to Creede, loaded a double barrel shotgun, entered Ford's saloon and said "Hello, Bob" before shooting Bob Ford in the throat, killing him instantly. O'Kelley was sentenced to life in prison. O'Kelley's sentence was subsequently commuted because of a 7,000 signature petition in favor of his release. The governor pardoned him on October 3, 1902.

Wednesday, September 24, 2014

Oz taxing Mobsters


Mick Murray
A senior outlaw bikie in Melbourne has been hit with a back tax bill of nearly $10 million as part of a co-ordinated law enforcement attack on the assets of suspected gang bosses.The latest target is former Comanchero president Mick Murray.

Before leaving Australia, Malkoun declared his annual taxable income at about $30,000, despite driving a Maserati in Melbourne and living in a penthouse by the Yarra valued at nearly $2 million.

In 2012 Melbourne mediator Mick Gatto was hit with a $10 million tax bill.


http://www.smh.com.au/victoria/tax-office-slaps-senior-outlaw-bikie-with-10m-bill-20140921-10jxzs.html

Wednesday, September 10, 2014

HDI boyos sell out Taseko Stakeholders - Update

"Florence copper miner bought out by sister company. The proposal has faced opposition from the town of Florence and some property owners and real estate developers worried about the impact on groundwater and values.
The town has been trying to condemn the FCP land and take it via eminent domain. Curis is fighting that move in the courts. An administrative law judge is expected to rule soon on mine opponents' appeal of Arizona Department of Environmental Quality permits allowing for the copper pumping process.

Maguire said the FCP is also waiting the U.S. Environmental Protection Agency to decide on an operational permit. Florence spokesman Jess Knudson said the town is still concerned about the impact of the project regardless of ownership. Town Attorney Jim Mannato said a Pinal Superior Court will hear arguments on the eminent domain condemnation fight next Monday.
http://www.bizjournals.com/phoenix/news/2014/09/16/florence-copper-miner-bought-out-by-sister-company.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+industry_5+(Industry+Energy+%26+the+Environment)
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Loyal followers know ALL ABOUT the offense that is Curis Resources. It's been a very predictable "go nowhere" proposition over the years. Latest is that Taseko (TKO.t) will be swallowing Curis Resources whole.

Reason for that MAY relate to the mountain of dough owed to Red Kite, butt who really knows. What we can know for certain is that existing TKO stakeholders are paying stupid large for a 100% guaranteed white elephant.
"Mr. Russell Hallbauer of Taseko reports
TASEKO MINES ANNOUNCES FRIENDLY ACQUISITION OF CURIS RESOURCES

Russell Hallbauer

Taseko Mines Ltd. has entered into a definitive agreement whereby Taseko will acquire all the issued and outstanding common shares of Curis Resources Ltd. under a plan of arrangement pursuant to the Business Corporations Act (British Columbia). Curis's principal asset is the Florence copper project, an in situ copper recovery and solvent extraction/electrowinning (SX/EW) project located adjacent to the town of Florence in central Arizona, United States. The Florence deposit contains approximately 2.4 billion pounds of copper reserves with an average grade of 0.36 per cent total copper, contained within a measured and indicated resource of 2.8 billion pounds of copper with an average grade of 0.33 per cent TCu."
Tis been a long run of bad luck for the boyos. Pebble project toasted, Prosperty done for, and Curis, well damn, how many multi-millions gonzo is anybody's guess.

Whatever this group "achieved" years ago doesn't mean much now as the ship is fukkin holed and going straight to the bottom.




Sunday, September 7, 2014

BGM.v plumbs new lows as Sprott debt weighs heavily



"On Aug. 29, 2014, Barkerville Gold Mines Ltd. negotiated a second limited one-month extension and waiver in connection with its existing credit agreement with 2176423 Ontario Ltd., a company controlled by Eric Sprott, during which period parties will continue to review potential loan amendments that might better fit with the company's business operations going forward."

A body needed no crystal ball to predict this here particular krap-out. The long term track record of J Frank is all about what works for J Frank and we are talking generations worth of horsechit and MANY reincarnations for new suckers to swallow. The instant the equity was attacked to repay J.Franks' goofy debenture for a REAL 43-101 via Sprott debt was it.

Is paper touchable at any level? Not for this monkey. Current incarnation is pretty much 1000% doomed, which is probably the singular reason J. Frank pretended to take a hike in the first place.


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The company reports, having recently received the written resignation of Frank Callaghan, that Norman Anderson, the company's current chairman, has been appointed the interim president and chief executive officer of the company. Mr. Callaghan remains a director of the company.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aBGM-2197237&symbol=BGM®ion=C
J. Frank luck has finally run out, vis-a-vis the multi-year horseshoe up his hoop as he fended off those intent on offloading his hideous arse.

Damage was done via Sprott debt long ago so cry not for "poor" J. Frank.
"Interim CEO Anderson made sure to diplomatically thank Mr. Callaghan today for his "many years of selfless hard work and care . . . ." His selfless hard work last year came with a $240,000 salary, plus $1.2-million in fees charged by his private companies for exploration, deferred development, loan interest and administrative expenses. His son Sean also received $68,000 as he learned the business."

Read more at http://www.stockhouse.com/companies/bullboard/v.bgm/barkerville-gold-mines-ltd#IJwsiExTToptZxCL.99
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Friday, September 5, 2014

Kleargear revisited


William Franklin Bermender
Our unheroes at Kleargear have released more completely insulting rubbish ... "PARIS, Aug. 28, 2014 /PRNewswire/ -- International giftware developer, distributor and retailer Descoteaux Boutiques (DBS) has completed negotiations for the sale of its remaining retail holdings Gift World and Kleargear at 5.3 times projected 2014 EBITDA."

"In connection with the asset sale, DBS' head of North American retail operations, J. Lee Gersten, has left the company effective immediately. Under Gersten's astute leadership, DBS Retail reversed a deficit in fiscal 2006 to post a CAGR of 42.6% between 2007 and 2014, in the consumer discretionary space, during the most challenging global economy since The Great Depression."
Riiiight. The invisible phantom known as J. Lee Gersten and Kleargear are massive successes, don't be fukkin ridiculous. "Lee's success serves as a testament to his team's ingenuity, merchandising strategy and streamlined logistics," continued Monette."

Yup, finally going taters up is testament to this wicked horrid scamola all righty.

William Franklin Bermender

Stephen L. Gutman
Bottom line? William Franklin Bermender and his dead icky lawyer Mr. Stephen L. Gutman figure a dopey public rubbish show of shuttering Kleargear.com will somehow avoid the need for paying a civil judgement for fraud.



http://www.prnewswire.com/news-releases/descoteaux-boutiques-exits-retail-sector-273013121.html

Sunday, August 31, 2014

Sino-Forest fraud hearing begins

The Ontario Securities Commission will lay out its fraud case against collapsed forestry giant Sino-Forest Corp. and some of the company’s former key executives on Tuesday, as a hearing begins on the largest corporate fraud allegations to hit Bay Street since the Bre-X gold scandal.
The high-profile proceedings are a key test for the province’s financial markets regulator, as it takes on a murky and massively complex case that involves millions of documents and a tangled web of entities in China, where Sino-Forest claimed to control $3-billion worth of timber assets.
In May of 2012, the OSC alleged the company and some of its former executives were involved in a “complex fraudulent scheme to inflate the assets and revenue of Sino-Forest,” made “materially misleading statements” and “falsified the evidence of ownership for the vast majority of its timber holdings by engaging in a deceitful documentation process.”
The scheme allegedly involved transactions between companies that Sino-Forest secretly controlled.

http://www.theglobeandmail.com/report-on-business/sino-forest-fraud-hearing-begins/article20288244/?cmpid=rss1

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"The Ontario Securities Commission is formally accusing troubled Chinese timberland company Sino-Forest Corp. and several former executives of lying to investors and attempting to mislead investigators.

The regulator filed the fraud allegations on Tuesday against the company and its founder and former chief executive Allen Chan, as well as against Albert Ip, Alfred Hung, George Ho and Simon Yeung."

Some are saying this here TRE-X is missing 90% of whatever the hell it was supposed to have exactly and do the accused have two cents to rub together for a lawyer?

Rest easy there citizen ...

"Sino-Forest Corp. (TRE) insiders, including former Chief Executive Officer Allen Chan, sold C$81 million ($83 million) of shares since the end of 2006, regulatory filings show.


Chan, who stepped down Aug. 28 after the Ontario Securities Commission suspended trading in Sino-Forest, sold C$3 million of stock, the filings show. Kai Kit Poon, with whom Chan founded the tree-plantation company in 1992, sold more than C$30.1 million. Chief Financial Officer David Horsley sold C$11.2 million of shares. Simon Murray, a director and also chairman of Glencore International Plc, sold $10.8 million."

Lassoed some real big whale types with this here freakin dopey yarn and the take would make most of our Venture type criminals look like common garden pooh tossers.

So whoop dee doo. Even the bazillionaires get shorn like the rest of us now and then.


So everybody has a favourite so called "analyst", and we have loved to hate Mr. Richard Kelertas for his long running verbal stupidity from Dundee during the Tre-X scamola. Its one thing to be a paid apologist for a wicked large scam and quite another to dismiss the allegations as "complete krap" the instant they appear.

So it's Allana Potash - AAA.t where our guy lands eh? Pffft. Of course we humans are far from perfect but DAMN. This kind of wicked large dopey brain cramp is almost too much to stomach.

http://www.marketwire.com/press-release/allana-potash-announces-appointment-richard-kelertas-as-senior-vice-president-corporate-tsx-aaa-1647130.htm


Before that order came down Mr. Kelertas had this to offer ...

“We are going to provide you with some information on why Muddy Waters research is a pile of crap,” said Richard Kelertas, an analyst at Dundee Capital Markets, during a conference call he held with clients on Tuesday afternoon. “We believe there’s nothing true in that report.”




______________________________________________________
"The Ontario Securities Commission has accused Ernst & Young LLP of failing to conduct a proper audit of failed forestry firm Sino-Forest Corp. In a rare move, the commission has levelled allegations against a firm’s auditors, saying Ernst & Young did not perform to “relevant industry standards” during their time as auditors between 2007 and 2012."

"The OSC issued fraud allegations against Sino-Forest and former senior executives in May. The case has not yet gone to a hearing."

http://www.theglobeandmail.com/globe-investor/osc-accuses-ernst-young-of-improper-sino-forest-audit/article5913025/

This blogger identified the obvious problem early on ...

"First on the public interest radar should be the all too cozy relationship between the auditor signing off on the apparently bogus financials that everybody is relying on and a bloated BoD with more alumni from Ernst and Young LLP than keys to the executive washroom.

Thomas M. MaradinVice-President, Finance (Corporate)
Joined Sino-Forest in 2005; previously worked five years for several multi-national corporations in financial reporting and internal control, regulatory compliance and system upgrading; previously worked fifteen years for Ernst & Young LLP, providing professional services in audit, taxation, risk management, strategic and business planning.
James (Jamie) M.E. Hyde, CA, C.Dir
Toronto

Director since 2004; previously Vice President, Finance and Chief Financial Officer, GSW Inc., Executive Vice President and Chief Financial Officer, Resolve Business Outsourcing Income Fund, Former Partner, Ernst & Young LLP, where he provided for 24 years a board range of professional services to public and private companies.
Garry J. West
Toronto
Joined the Board in February 2011; former Partner at Ernst & Young; With 35 years of extensive financial experience including auditing, corporate restructuring, public financings and strategic planning initiatives for a number of major organizations; Director and Chair of the Audit Committee for two other TSX-listed companies; Fellow of the Ontario Institute Chartered Accountants.