Tuesday, 23 February 2016

BCSC FINAL RULING .. HOW CAN SUCH PAYMENT ORDER BE JUSTIFIED WHEN CLEARLY NO FRAUD WAS COMMITED?

On 22/02/2016 10:45 AM, Peter D. Harris wrote:
(Hard Copy Attached)

Monday, February 22, 2016
 
British Columbia Securities Commission
Peter Brady, Director of Enforcement
701 West Georgia Street
P.O. Box 10142, Pacific Centre
Vancouver, BC V7Y 1L2
 
Subject: BCSC Final Panel Ruling (Decision) Dated December 15, 2015
Reference: Filed copy with the BC Supreme Court December 18,2015
 
Dear Mr. Brady,
 
This is to confirm that I have received the Commission’s copy of the BC Supreme Court filling, why is it that Commission filed December 18, 2015 and the Commission only sent me the registered copy this pasted Sunday February 21, 2016, it’s a good thing I asked the question last week, if you had filed with the BC Courts. Why did the Commission not notify us December 18, 2015 of the Court Filing?
 
I reviewed the Commission’s court document and it is somewhat confusing, in order to prevent any misunderstanding, we need the Commission to confirm the below information. Is the Commission seeking $8,749,000 or $3,360,000? This demonstrates the typical abuse we have been experiencing from the Commission. Why did the Commission originally seek $8M and now it appears the Commission is seeking $3M? Please confirm! What formula did the Commission use to arrive at these ridicules numbers that make no sense and are totally and legally unjustified?
 
Mr. Brady, as we have not been successful in establishing an open dialog with the Commission to reach a fair and amicable resolve and as stated to Mr. Leong in a previous message, Christopher Burke and myself have no intent to pay the Commission any fines what so ever.
 
For this reason, we request that the Commission file a lawsuit for collection of fines with the BC Supreme Court no later than this coming Friday February 26, 2016. If the Commission does not file by the prescribe date with the BC Supreme Court, the U-GO Directors will consider this case terminated and no future action will be taken by the Commission.

AMENDED RENDERING By the Executive Director seeks the following orders against: 
RespondentDecember 15, 2015                          BCSC Panel RenderingPay to CommissionAdministrative Penalty Total Market  Prohibitions 
Lorne CirePage 22 (4) (5)$636,000$50,000$686,00010 years
Peter HarrisPage 23 (9) (10)$636,000$50,000$686,000Life Time
John ThibertPage 23 (13)$20,000$0$20,00020 years
Michael KwasnekPage 24 (17) (18)$636,000$35,000$671,00020 years
Christopher BurkePage 25 (21) (22)$636,000$20,000$656,000Life Time
SPYru Inc.Page 25 (23) (C)$0$0$0Life Time
U-GO BrandsPage 25 (25) $636,000$0$636,000Life Time
ParadoxPage 25 (26)$0$0$0Life Time
Echo PartnersPage 26 (29)$0$5,000$5,0005 years
Total
$3,200,000$160,000$3,360,000






ORIGINAL RENDERING The Executive Director seeks the following orders against: 
RespondentDecember 15, 2015                          BCSC Panel RenderingPay to CommissionAdministrative Penalty Total Market  Prohibitions 
Lorne CirePage 3 (4) (B and C)$1,983,000$100,000$2,083,000Life Time
Peter HarrisPage 3 (5) (B and C)$1,983,000$100,000$2,083,000Life Time
John ThibertPage 3 (6) (B and C)$1,028,000$100,000$1,128,00020 years
Michael KwasnekPage 3 (7) (B and C)$874,000$100,000$974,00020 years
Christopher BurkePage 4 (8) (B and C)$701,000$60,000$761,000Life Time
SPYru Inc.Page 4 (9) (B and C)$0$0$0Life Time
U-GO BrandsPage 4 (10) (B and C)$636,000$100,000$736,000Life Time
ParadoxPage 4 (11) (B and C)$834,000$100,000$934,000Life Time
Echo PartnersPage 4 (12) (A and B)$0$50,000$50,0005 years
Total
$8,039,000$710,000$8,749,000
Mr. Brady, it is imperative that we receive a reply from the Commission in regards to this message.
 
These abuses have to stop and the Commission needs to be forward and advise its intent, our lives have been on hold for the last three years and our Civil Rights have definitely been violated by the Commission employees and I assure you we are not about to walk away from this injustice, someone has to take responsibility for these illegal actions taken by the Commission investigators, litigators and executives.
 
We respectfully away your reply.
 
Sincerely,

-- 
Peter D. Harris
Director
U-GO Brands Nutritional Products Inc.

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