Many past entries on this blog have outlined how a criminal cabal that spans the globe is capable of operating a massive network of money laundering, fraud, racketeering that permeates regulatory and law enforcement agencies particularly in the so called 'free' Western world.
We will now share an excellent film called the Spiders Web - Britians Second Empire that sheds light on the Corporation of the City Of London and the vast global web of money laundering, racketeering, and tax evasion that is made possible by its existence. The Corporation of the City Of London has global reach and influence, most of the public is barely aware of its existence yet it has a major impact on every aspect of life on this planet. It is the center of Usury and debt slavery and its lawless territories have allowed for massive amounts of looted capital to be stashed away without any questions.
City of London bankers and policy makers have significant impact on regulatory policy in North America and the supposedly free West.
Please see http://spiderswebfilm.com/
For a little context into how this relates to Canadians and North America we will revisit a couple of previous posts in order to demonstrate where the money came from that is siphoned off to various tax havens around the world. None other then the various regulatory and law enforcement agencies that are supposed to be protecting you the public from fraud are involved in helping commit the fraud themselves and/or shielding the true perpatrators.
The last entry on this website, WOULD THE FCAC USE A NEW TERM 'MIS-SELLING' TO HELP ENABLE FINANCIAL FIRMS TO CONTINUE TO ROB THE PUBLIC? was a report on the Financial Consumer Agency of Canada (FCAC) and its own report to Parliament which can be found here Financial Consumer Agency of Canada - Domestic Bank Sales Practice Review.
The FCAC's report on the state of domestic banking in Canada came in light of excellent work by CBC and its Go Public campaign in 2017 which exposed many issues in the financial system.
An exert from the Executive Summary of this report can be seen below, note the use of a new term - mis-selling. It would seem FCAC has adopted the same wizardry that the World Bank, Central Bank of Ireland and a UK Financial Task force are using to magically make billions disappear with no questions asked by the unsuspecting public. An excellent article on the Guardian outlines the true business model of the UK Financial System, it is a model built on deception and fraud. Banksters and their lawyers continue to use confusing language and terms to cloud what they are really doing.
See exert on mis-selling below.
This report presents the findings and conclusions of the Financial Consumer Agency of Canada’s (FCAC’s) review of the domestic retail sales practices of Canada’s six largest banks (Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada and Toronto–Dominion Bank), which are subject to federal consumer protection legislation overseen by FCAC.
This review focused on retail banking sales practices to identify and evaluate risks to consumers. FCAC examined the drivers of sales practices risk, assessed the effectiveness of the controls put in place by banks to mitigate these risks and recommended ways to more effectively reduce them.
Risks associated with sales practices include the potential for breaching market conduct obligations and mis-selling. Market conduct risk refers to the potential for breaching the legislative obligations, voluntary codes of conduct and public commitments that are overseen by FCAC.
FCAC defines "mis-selling" as the sale of financial products or services that are unsuitable for the consumer; sales that are made without taking reasonable account of the consumer’s financial goals, needs and circumstances; and sales where consumers are provided with incomplete, unclear or misleading information. This definition of mis-selling is informed by research conducted by the U.K. Financial Conduct Authority, the Central Bank of Ireland, the G20/OECD Task Force on Financial Consumer Protection and the World Bank.
Source - https://www.canada.ca/content/dam/fcac-acfc/documents/programs/research-surveys-studies-reports/bank-sales-practices.pdf
Like most 'consumer protection' and 'regulatory agencies' in Canada the FCAC is simply a farce, and it like our regulators is funded by the very industry it is supposed to monitor for wrongdoing. Nothing could be further from the truth however.
A snippet from a previous entry on this blog sheds some light on how your financial regulators are compromised, why they are compromised and who helps count the money, see - The Investment Funds Institute Of Canada, the BCSC, KPMG, BCIMC and Paul C. Bourque.
See the above link for details - however to briefly sum up a few key points, the BCI (formerly bcIMC) is the pension fund for public servants in British Columbia. Its holdings are in excess of $130 billion yet as we have demonstrated some of this wealth has been acquired through criminal behavior that mirrors that of the mafia.
The BCI has connections to US corporation CAI, a private equity firm that has a rather shady reputation and is often linked to the CIA.
See an exert below from the article in the link above,
So Who Profits From All This?
Well an excellent article written by Will McMartin in the Tyee asks the same question and provides a few answers,
See exert below,
The very first smart meter contract BC Hydro has awarded -- $73 million to install up to 1.8 million of the new devices -- went to a company with close ties to the BC Liberals. Indeed, that company is directly connected to a BC Hydro director.
The troubling trail of interlocking relationships starts with Tracey McVicar. She was named to the Crown corporation's board of directors a little over three years ago
While in her early twenties, in 1990, McVicar earned a bachelor's degree in finance from UBC and quickly went to work in the investment banking division at RBC Dominion Securities.
Goepel, Shields and Partners was bought in 2001 by Raymond James Financial Ltd., the Florida-headquartered financial services behemoth, and two years later McVicar left to head up the Vancouver office of CAI Capital Management Ltd.
David Emerson 'a longstanding investor'
CAI is a central link in this chain, as we shall see, so here's a backgrounder.
A private firm that raises funds from select investors, CAI then uses that capital in a variety of ways, but usually by taking equity positions in mid-size companies with the expectation of outsized returns on their initial investment.
CAI was founded in 1989 by seven well-heeled investors, including a couple of ex-Salomon Brothers partners in New York, plus a prominent Montreal businessman, David Culver, a former CEO with Alcan Aluminum Ltd.
In 1999, CAI bought a position in a well-known but under-capitalized B.C. entity, MacDonald Dettwiler and Associates. The investment firm obtained at least one seat on the MDA board, and it was filled by Brooklyn-based Peter Restler, a founding CAI partner.
Restler has had a several decades long relationship with B.C. politicians and well-heeled British Columbians. One such prominent Vancouver businessman is Peter Bentley, the long-time head of Canfor Corporation, who was an early investor in CAI.
In August 2001, David Emerson, then CEO at Bentley's Canfor, joined the MacDonald Dettwiler board. And if Emerson was not already an investor in CAI's exclusive funds, he soon became one.
That information was disclosed on Nov. 24, 2008, when it was announced that Emerson -- who just weeks earlier had quit federal politics rather than seek re-election as a Conservative MP in Vancouver East -- had been hired (see here and here) by Restler, McVicar and CAI as a "senior advisor" at the equity firm's Vancouver office.
... further down in the same article from the Tyee we read the following and see an example of the interconnected circles that CAI Private Equity operates in,
Bid winner Corix and its well connected investors
Now to bring together these names and their intertwined connections.
Six weeks ago, on Jan. 25, 2011, BC Hydro announced the first contract for its smart-grid initiative. It went to Corix Utilities, part of the Corix Group of Companies.
Valued at $73 million, the two-year contract will see the company install as many as 1.8 million smart meters across the province.
And who owns Corix? One of the biggest shareholders -- and possibly the biggest (Corix is a private company and so is not required to disclose equity ownership) -- is none other than CAI Capital Management.
Yes, that's the same firm whose operations in Western Canada are headed by BC Hydro director Tracey McVicar, and where a BC Liberal-appointee named David Emerson -- a "longstanding investor" -- hangs his hat as "senior advisor."
So, as British Columbians prepare to face a 50 per cent hike in their monthly BC Hydro bills, it will be useful to remember that the first contract under the BC Liberal government's $1 billion smart grid initiative just happened to go to a company (Corix) owned by another (CAI) that is managed by a BC Hydro director (Tracy McVicar), and advised by a BC Liberal confidante (David Emerson).
All of this information won't make BC Hydro ratepayers feel any better as they brace for much higher power charges. But it might help to explain where much of their money is going to end up.
BCIMC, CAI and Smart Meter Profits
So who counts the money?
BCIMC and KPMG
So who are the accountants for the BCIMC, this 2009/2010 Annual Report lists KMPG as the BCIMCs lead auditor.
KPMG counts the money for BCIMC, the same KMPG which pleaded guilty to tax fraud.
In 2005 KPMG pleaded guilty to $2.5 Billion in tax fraud in US Courts. See Article in the Chicago Tribune below.
$2.5 Billion Tax Fraud
Ten years later nothing has changed,
KPMG Offshore Sham Decieves Tax Authorities CRA Alleges
Over in Europe the same thing,
KPMG Partners Arrested in Tax Evasion Inquiry
Should we be surprised to find KPMG and the BCIMC working together?
What about a former executive director of the BCSC, could they go work for the largest investment lobby institute in the nation? An institute whose members happen to be many of the same funds and companies the BCIMC is invested in? Could this former regulator become President of such an institute?
For those who have not read The Investment Funds Institute Of Canada, the BCSC, KPMG, BCIMC and Paul C. Bourque, yes Paul C. Bourque goes from a top regulatory enforcement position to a position where he becomes a top lobbyist for financial firms who are usually looking for ways to skirt the law and evade reprecussion for criminal behavior.
Once again we will revisit former posts in order to demonstrate and review how Canadian regulatory authorities and even Finance Minister Bill Morneau are connected to the off shore spider web of money laundering, tax evasion and racketeering. Some of those who follow this blog may have already read the below post however you may wish to review after watching the Spiders Web for a full understanding of how this is all connected.
The BC Ministry of Justice is Compromised, So Are the Financial Markets. How did this Happen?
Serco controls the communications for the BC Ministry Of Justice, this means that even if a BC Attorney General wanted to truly pursue the massive amount of financial crime they would be sabatoged from the beggining. Anyone attempting to pursue justice in BC Courts is hard pressed especially when up against any entity connected to the Ministry of Justice, bcIMC, or the BCSC as Serco is connected in one way or another to all of them.
As we have mentioned Serco is owned by some of the largest financial institutions in the world and find themselves in a position to control the flow of information for many governements and competitors. Does one really beleive that they would not attempt to take advantage of this in a criminal manner given the already compelling evidence that they deal in deception?
We are going to consider some companies which have ties to the bcIMC and by default the BCSC as we contuninue to unwravel the ties in what is essentially as massive RICO operation run inside North American governements at many levels. Once again we want to be clear this does not mean that every government official is involved and guilty. Many officials are not aware or do not understand the scope of what is going on, how is this posible one may ask? Many others are held hostage in some manner of speaking.
This of course begins with the perversion and Destruction of the Rule of Law (International Business Times, See authors notes *) in our financial systems as well as now our law courts and judicial systems. The lack of understanding or adherance to the rule of law among public officials is a major issue.
The system is flawed from the start and this is what allows a criminal element to easily manipulate cases and evidence for their own benefit. We will not detail all this in this article for brevity's sake however the following links may provide some insight. When do actions taken by a Gov't regulatory and enforcement agency lose the protection rendered by 'good faith' clauses and become crimes? Are public officials immune from prosecution for any crime committed during their course of duty by invoking a 'Good Faith' clause?
We say Section 171 of The Securities Act (rsbc 1996) does not constitute the right of the Securities Commission to commit the various criminal offences we have alleged and outlined on this blog.
Also see BC SECURITIES COMMISSION HAS NO REMEDY UNDER THE SECURITIES ACT FOR CRIMINAL BEHAVIOR.
Despite the insistance of many public officials that the BCSC is master of its own domain as a SRO (Self Regulating Organization), the truth is that according to the Rule of Law and the Fundamentals of Justice which supposedly govern this nation the BCSC like anyone else must operate within the confines of the law. We know this is not possible due to the many conflicts of interest that exist the organization is based upon.
A self funded and self regulatory regulator cannot operate in a just and fair manner to ensure market integrity. By its very nature it will be inclined to self preservation and as such its employees and officers will be inclined to the same. This is how entrapment becomes a very possible reality.
We have covered much of this on this blog and in articles like this, Conflicts of Interest and the Sham that is 'Compliance'.
Now to demonstrate the connections. We already know that the BCSC is connected to the bcIMC through its holdings of securities with the bcIMC. We have covered the bcIMC and its connections to disgraced auditor KPMG as well as CAI Private Equity which continues to be involved in fraudulent activity as well as the massive theft of the English Families Tofino property in which it would appear that the bcIMC was a major player.
If Serco and the bcIMC are somehow connected and Serco is running the BC Governments Justice department is it any wonder that cases like Mr. English's case against government officials are being buried in court and any chance at justice is continually obstructed? What about Mr. Alan Blanes and his fight for justice for his father and the nation? When they are up against major financial institutions, government pension funds and regulators themselves it becomes apparent whom the regulators really protect and its not the innocent victims.
We know Serco is connected to the BC Ministry of Justice. Now lets look at companies which own Serco and also happen to be held by the bcIMC. Again one has to remember that due to a large number of funds invested in companies like Serco it is not always possible to reveal in full who a companies owners are even if the company is public. Many private corporations can put money into these funds quietly without being traced easily. Due to this as well as time and space constraints on this article not all companies connected are mentioned, these are just a few.
It should also be noted that we are not suggesting that these companies are guilty automatically of the same crimes we have demonstrated are being commited by various governement officials in many levels of government on both sides of the border in this blog. We are simply demonstrating the type of connections that may be in place in order to facilitate such as RICO ring as we have been covering and demonstrating on this blog.
We have used 2016 bcIMC Inventory Report from bcIMC for reference. See bcIMC 2016 Inventory Report.
Bank of NY Mellon
bcIMC owns $33 Million worth of Bank NY Mellon securities according to its own 2016 Investment Inventory report.
Black Rock Holdings
bcIMC and Black Rock Inc.
See BlackRocks Serco Holdings
See source - http://investors.morningstar.com/ownership/shareholders-major.html?t=XBER:SEO
Interestingly enough also owned by Black Rock Inc. and the bcIMC are shares in Federal Finance Minister Bill Morneau's Morneau Shepell Inc. according to the source below.
Source - Major Shareholders in Morneau Shepell Inc.
More on Finance Minister Bill Morneau shortly but first we will continue with a couple more examples of holdings connecting Serco with the bcIMC.
Remember Serco controls the BC Ministry of Justice communications and the BC Investment Management Corp (bcIMC) is the pension fund for many BC Public Servants including the provincial financial regulators the BCSC which hold Securities with bcIMC.
JP Morgan and Chase Co.
bcIMC holds $163 Million in JP Morgan Chase and Co. JP Morgan and Chase and Co also happen to be listed as External Managing Partners of the bcIMC.
bcIMC - JP Morgan Holdings
bcIMC - JP Morgan and Chase Managing Partners
Loyds Banking Group
The bcIMC holds $62 Million in Loyds Securities
According to sources noted at the begining of this article Loyds is a shareholder in Serco PLC.
Northern Trust - Who is Custodian of the bcIMC?
Northern Trust is the global custodian for bcIMC assests.
Northern Trust also happens to be connected to Serco according to the leaked video we posted at the begining of this article.
We could continue to run through links in this manner however we want to be brief as possible.
The purpose of this demonstration is to show how it could be possible for these financial institutions to subvert the rule of law through leveraging connections in a key investment (Serco) in order to not only protect their investments but continue to defraud the public worldwide.
We now move on to Canadian Federal Finance Minister Mr. Bill Morneau and his connections to the bcIMC. Would his connections to bcIMC be one of the reasons he and Prime Minister Justin Trudeau are ignoring the ongoing crimes committed at the bcIMC?
Morneau Shepell Inc, Black Rock and bcIMC.
It will be very hard to reform the financial system in Canada when the coruption starts at the top.
Whether it be the refusal of Federal Finance Minister Mr. Morneau to speak of or recognize the COMER vs. Bank Of Canada case before Canadian Supreme Courts which would eliminate debt money and restore sovereign money to the people and/or the scandal regarding the involvment of Mr. Morneau and his firm Morneau Shepell Inc and its ties to offshore accounts, the finance ministry is compromised from the top.
See Black Rocks Morneau Shepell holdings below
Morneau's connections to offshore accounts can be seen here at Offshore Leaks.
Who else owns shares in Morneau Shepell?
The bcIMC of course!
Here are the holdings of Morneau Shepell by the bcIMC seen at the bottom of this screen shot.
Why is this important? Firstly this is the man who is in charge of Canada's finances, it is vital to understand who is investing in his firm in order to understand what possible influences the Finance Minister may have when acting for the nation. Second we note that the regulators will have a hard time going after Mr. Morneau for tax evasion or any other financial frauds when regulators like the BCSC own securities in the bcIMC which in turn owns securities in Morneau Shepell Inc. Its like the dog chasing its tail.. Its never going to work.
Third we note that Mr. Morneau is very connected to Black Rock Inc. which is one of the primary advocates and will likely be a key beneficiary of the new Canadian Infrastructure Bank (CIB)
See an article from CTV here for more on concerns with Black Rocks involvement in the new bank,
CTV - Federal Cabinet to Have Final Say On New Infrastructure Bank Projects - Morneau.
An article in the Toronto Star highlights further concern regarding offshore tax evasion in Canada, it is simply being legalized and billions if not more is being siphoned out of the country.
How Offshore Banking is Costing Canada Billions of Dollars a Year
Going back to the COMER case against the Bank of Canada it is absolutly criminal that this is even being considered. We have the ability as a nation to restore the Bank of Canada so that it can print its own sovereign currency without paying interest to a private cartel of bankers in order to finance the nation. Despite this ability a handful of powerful and corrupted bankers and public officials have stolen that power through the Basel Accords and forced the nation into debt to fund public projects.
Now on top of that somehow Finance Minister Mr. Morneau and the Liberals have convinced the public that in order to continue to build infrastrcuture they need to attract foreign investment and partner with firms such as Black Rock in building public projects.
What they are not telling the public is that these projects will cost the public more then if the Federal Government had just borrowed the money to finance the project never mind printing debt free money to do so.
These private investors will want more then the standard interest rates the BOC currently pays on borrowed money. Mr. Morneau and Black Rock have found a new way to siphon even more cash from hardworking and innocent Canadians pockets. All with the help of regulators and crown corporations of course.
bcIMC And Offshore Banking Connections
To go back to the bcIMC and its connections to organized crimes we note its connection to offshore investments and the Appleby Law Firm in Bermuda, a now well known offshore tax haven. See
The bcIMC is one of many sovereign wealth funds/crown corporations that have been colluding with a criminal cabal and siphoning money from the public however they can by running a variety of frauds often involving the theft of natural resources, properties and other valuable assets. The use of para-military force is not out of the question for this cabal as they strip the Canadian public of their wealth.
An exert from a recent article on The Breaker news site sheds more light on the bcIMC and its offshore connections.
B.C. Crown corporation goes silent about its appearance in the Paradise Papers
British Columbia’s public sector pension investor is listed in the Paradise Papers, the database of offshore investments leaked to a German newspaper and published by the International Consortium of Investigative Journalists.
B.C. Investment Management Corporation, which goes by the brand bcIMC, reported $135.5 billion in assets under management for the year ended March 31, 2017.
bcIMC and several related companies are in the database, including a bcIMC company registered in Bermuda at the tax haven’s now famous Appleby law firm.
The database, which was published Nov. 17, shows bcIMC (USA) Realty Investments LP was incorporated July 23, 2013 at a Canon’s Court address in Hamilton, Bermuda.
Before that, however, three bcIMC entites were shareholders of China Homes Limited, a company incorporated in Bermuda on Oct. 6, 1997 that closed Dec. 30, 2009. Its auditor was the Shanghai office of PricewaterhouseCoopers.
China Homes shareholders included bcIMC International Real Estate (2002) Investment Corp., bcIMC International Real Estate (2002A) Investment Corp., and bcIMC (WCB AF) Investment Real Estate Investment Corp., all with registered offices at the Vancouver law firm Lawson Lundell.
For a brief period — from March 15, 2002 to Nov. 13, 2002 — bcIMC’s 2014-retired CEO Douglas Pearce and vice-president of real estate Charles Swanson were directors of China Homes. The ICIJ database listed Pearce’s Brentwood Bay residence and the bcIMC office address.
Lawson Lundell is also the firm where BC Liberal leadership candidate Michael Lee was a partner from 2004 until he was elected to the Legislature last May in Vancouver Langara. Lee originally joined the firm in 1997 as an associate. His name appears on a B.C. Securities Commission form for an $849.6 million bcIMC Realty Corporation share offering in June 2015.
For full story please continue to - B.C. Crown corporation goes silent about its appearance in the Paradise Papers
Source - BCIMC, BCSC, Serco, The BC Attorney General Office, All Connected To RICO Crime?
More to come