August 2011
Welcome to TCIR, the website for TCI Investment Club members
May 18/12: Charges were dismissed today against the 4 Defendents in the TTI trial. As far as I understand, the judge did not believe that the Crown had made it's case. Meanwhile, evidence comes in through my website detailing more victims. Here is the LFP story:
http://www.lfpress.com/news/london/2012/05/18/19776621.html
May 17/12: Warning! Scammers preyed heavily upon members of the Word of His Power Church in the TCI case, and hundreds of believers in the Mennonite community were also targeted. We now know that at least 3 victims were influenced to invest in scams by Ross Alexander at New Hope Church in Lambeth. Beware of 'friends from Church' who offer you good investment deals.
May 15/12: Ross Alexander testified all morning in court regarding his involvement in the TTI scam. He told the Court that in Dec 2010 he made a deal with the Crown and agreed to pay the victim the 10,000 commission that he received from TTI. As a Crown witness today he stumbled around his answers and there were so many inconsistencies in what he said that I cannot help but assume he was lying. If he made a deal to testify in return for having charges dropped, I can't understand how his testimony today helped. Here is the link:
http://www.lfpress.com/news/london/2012/05/15/19763036.html
May 15/12: The article, released online last night, made the front page of today's paper. We'll see how Ross defends his actions while on the stand today in court.
May 14: Here is the link to today's London Free Press story of the trial during the first day of testimony:
http://www.lfpress.com/news/london/2012/05/14/19758351.html
May 14/12: I've just returned from a full day in court. The TTI case involves several men who have been charged and they are being tried together. Today the Crown made a brief opening statement and then called the one victim to the stand. He testified the rest of the day. I felt very very sad when I heard how he had been victimized.
Tomorrow ROSS ALEXANDER will be testifying, likely all day.
May 1/12: A reminder to those who would like to attend the TTI trial which is scheduled to run from May 14 to 18th. TCI Marketers Richard Hughes and Peter Snyder will be on trial along with two men from Toronto.
April 29/12: Message to TCI Victims: Have you ever complained to police about TCI or Global Prosperity? If you have, I would like to hear from you for a report we are preparing. Also, if you know anyone who has spoken to police, please send me their email or ask them to contact me. I'm at:
admin@tcirevealed.com
April 27/12: Message to TCI Marketers: I am hearing from members who have never been told about either this website or the lawsuit! Some of you continued to tell victims that money was coming, just feeding into and assisting in the coverup. Those of you who are doing that are Accessories to this crime and should be prosecuted, in my view, and I will do what I can to make that happen.
April 27/12: Wow! The Rath story has been picked up by newpapers across the country! I am hearing from members who haven't heard of our website or lawsuit. It has not even hit the London paper but is posted online. Google: 'William Charles Rath' and you will see two or more pages of links from different papers who have run the story, from across Canada. Interest has been expressed by National papers such as The Globe and Mail. Our focus right now is getting his photo out there, announcing the reward and asking for assistance in finding Rath.
April 25/12: Notice to all Lawsuit Members. There is now an update posted on the lawyer's secure website. You will be asked to login using your username (your 6 digit TCI name) and password. You can get to the site by going to:
www.tciclassaction.com If you have forgotten your password, there is a link you can use to have it sent to your email address.
April 25/12: Sun News has run the Rath story on their World link. It's good to get this exposure however it surprises me that they did not use his photo.
We were sent this link. It has a nice photo of Bill Rath's old house:
http://www.lfpress.com/news/canada/2012/04/24/19673486.html
April 24/12: I've been asked to post a message to any Canal Seco victims. Why? It is a recent enterprise which was promoted by Ross Alexander and Tony McCreath. Since Ross is from this area, it is quite likely that there are London area victims. Please contact us if you believe you are a Canal Seco victim. We're at:
admin@tcirevealed.com
April 12, 2012: Yesterday the prosecutor in the Trayvon Martin case in the US said that colour or race don't matter to them, saying "We work for the victims. We want justice for the victims". TCI investors are victims of fraud but apparently Canadian police do not care about ALL victims. They pick and choose who will receive justice.
April 10/2012: Just a reminder that the TTI trial is coming up next month on May 14th. It is slated for 5 days. Richard Hughes and Peter Snyder were both TCI Marketers and Hughes is representing himself at trial. Ross Alexander was charged in this case but has made a plea agreement with police. Even if they don't get jail time, it is satisfying to see these guys held accountable for their activities.
April 5, 2012: Where in the world is Bill Rath? Why Rath? We believe he has your money. We have been following up leads and clues but have not found him yet. There is a substantial reward for information that leads to his pickup, so send in what you’ve got and we will check it out. Ways to assist: send us names of people who you believe know where he is (or speak to them yourself), or people who receive letters or emails from him. Send us any rumours or facts about his whereabouts. Where have family members gone on holidays in the past five years? Anything else you believe could be helpful. Send to: admin@tcirevealed and we will be in touch with you to discuss further if necessary.
Mar.12/2012: A member sent the following link:http://www.nytimes.com/2012/03/07/business/jury-convicts-stanford-in-7-billion-ponzi-fraud.html
This man has been convicted of a 7 billion dollar scheme and faces life in prison in the US. It would be nice if Canadian fraudsters faced such harsh sentences, and there might be fewer Canadian victims if that was the case.
Feb 14/2012: Canada is just waaaay too easy on criminals involved in investment fraud. Today is the sentencing hearing for Troy Van Dyke,(See my Dec 15 posting). It looks as if he might only get 3 years for stealing 3.4million dollars. He could be out in 6 months. That is disgraceful and disrespects the victims.
Feb 12/ 2012: If you click on the Interpol link below, make sure you include the ending; (wanted_id)/2008-31590. That is the part that will take you to Bill Rath's page on Interpol's Most Wanted List.
Feb. 12, 2012: Members may wish to look at this link.
http://www.interpol.int/Wanted-Persons/(wanted_id)/2008-31590
Interpol is the World Police force. Rath is also wanted by the FBI. There is a large reward for information that helps them find Rath. If you have any information and would like to know how to qualify for the reward, contact me at:
admin@tcirevealed.com
Feb.11/2012: I've received some criticism for my comments on Feb. 8, 2012. One member believed that the charges against Ross Alexander in the TTI matter had been dropped. That is not what we were told by police. He did not get jail time because it was his first offence. Future charges/convictions could put him in jail. Also, the member felt that Tony McCreath was not involved in TCI. Not true, and he was also involved in TTI, IIG and the more recent Canal Seco.
Feb. 9/ 2012: Sources tell us that Tony McCreath is trying to put together a new scheme in Belize involving Power Plants. Just a warning to potential investors out there that this may be something you would want to keep away from. No word on whether Ross Alexander is also involved in promoting this newest scheme to people in our area. This may be a legitimate project but we would hate to see more people victimized so are warning people to be careful.
Feb 8/ 2012: One headline in today's paper says: "People come here to hide because the laws are lax". They refer to Costa Rica and say that criminals hide out there. One of the TCI players, Tony McCreath, has been living there for a few years now and is involved in a new (questionable) investment scheme. Coincidentally, Ross Alexander is also involved in that scheme, and has been even while facing federal fraud charges in the TTI case.
Nov. 11, 2011: Take time to read through the new article: 12 Christmas Scams, listed under the Main Menu. Victims need to educate themselves and their families in order to recognize warning signs and protect from further victimization.
Nov 11, 2011: Let us pause to remember all Military professionals, past and present, who risk their lives to preserve and protect our way of life. We appreciate them more than we can express.
Sept 12 2011: TTI Trial Update: There was a brief hearing in London court today at which the TTI Trial has now been adjourned until May 14/2012. It is set for 5 days. Ross Alexander's name is gone and he did not attend. It is presumed that he has made a deal. Peter Snyder, Richard Hughes, Peter Turcaj and Matthew Sherban attended. The judge emphasized that there would be no more adjournments and when Hughes and Sherban stated that they would defend themselves (no lawyer) the judge asked them twice if they understood the risks.
Aug.24/2011: Be careful of those out there who are saying that TCI is paying out currently to lawsuit members. That is not true. If you wish to contact me at any time, my email contact is:
admin@tcirevealed.com.
Aug. 17/2011: Troy Van Dyk is in the news today, accused of pushy sales tactics targeting seniors in North Bay. He is known around the London area as the man who scammed 3.4 million dollars from London area investors via his company Fulcrum Financial Services.
His trial begins Nov. 7 on the Fulcrum case and is expected to last six weeks. The London area has been hit hard by investment scams over the past decade. As victims of TCI, we can attest to that.
July 23/2011: I read online that a Chatham Ontario man, Norman Shillington aged 75, has been charged with 17 counts of fraud and 17 counts of breech of trust. He left Canada and lived in South Carolina but then returned, only to be arrested. He was an accountant. Let's hope that none of our TCI victims were involved in that scam. Boy, based upon that, Bill Rath and Ross Alexander should be charged with hundreds of counts of fraud and breech of trust.
July 15/2011: It seems that if police do not stop these scams, they will reproduce like bunnies. A Detroit area man, Dante DeMiro, has been convicted of orchestrating a Ponzi scheme. He faces 10 years in prison and is ordered to repay victims almost 13 million dollars. Good for the US authorities. Why is it that the Canadian authorities have "no interest in recovering money for victims" of investment fraud? Money repayment is usually ordered as restitution in criminal court, but Canadian authorities also won't investigate criminal activity in many investment scams, so there is no restitution order.
May 25/ 2011: Dr. Michael Hennessy has been sentenced. He got 14 months in jail with 24 months supervised release. He also owes the IRS $759,807.09.
April 25/2011: FYI Lawsuit Members: Our lawyer, David Kirwin, has opened a new law office named Kirwin Fryday. He is currently having a website built and will have our TCI lawsuit database attached to it when completed. In the meantime, please send any questions or concerns to:
admin@tcirevealed.com.
Mar 20/2011: We recently received an email enquiring about why we
talk about scams on this site. At least one judge has labeled TCI a Ponzi Scheme and Global Prosperity a scam/ fraud and most of us have accepted that is what we are involved in with TCI. We cannot discuss the lawsuit investigation issues publically yet, but we need to maintain the website for it's networking capabilities. Virtually all of the important contacts and information have originated through contact on this site. We are surprised at the contacts we have received and we would have to admit that the website has been our most important tool.
July 8, 2010: "Scam no real 'emergency': This is the heading in today's newspaper. The article warns seniors of a growing 'grandparent scam" in which a person on a phone call asks for cash to be wired to assist a grandchild in an emergency. Police warn seniors to discuss any such request with family members before sending any cash.
May 15th, 2010: MORE FRAUD CHARGES LAID: In today's London Free Press there is an article about Woodstock's Peter Snyder who was once again charged with fraud, along with his wife. He was also charged in the TTI Investment Scam (detailed under the main menu) and while investigating that matter, police discovered several people who invested 116,500 in N. Star Development Ltd. As in the TTI case, investor funds were found in the personal accounts of those charged. A definite pattern is emerging where TCI Marketers have been involved in other schemes. It is heartening to see that police are taking action to stop this behavior.
April 11, 2010: A member wrote: " Why wouldn't all Marketers want to recommend we join the lawsuit? They are certainly not doing anything to help us!"
This is not the place to outline the legal reasons why Marketers would want to discourage you from joining the lawsuit. I would suggest that they may be more concerned about protecting themselves than whether or not you recover your money. The article called Open Letter to Marketers, written in 2007, is worth another read.
Oct.31/09: A US member forwarded the following links which outline the legal status of Pinnacal Quest International, described as the followup to Global Properity. It was described as involving Dave Struckman and Dan Anderson, both convicted in US courts for running Global. Interestingly, the PQI seminars started the same year that Global was shut down, and they are now in a US Federal court for promoting tax evasion strategies.
To read more:
http://www.justice.gov/tax/txdv08278.htm
http://www.northcountrygazette.org/2008/09/02/ny_irs_fraud
Oct. 30/09: A member sent me a link today to a "New Shore Affilate" called Wealthy Difference. It's funny how some of the testimonials are TCI Marketers who became original shareholders in New Shore. Are they plugging their own Company? With the track record of most of these outfits, I recommend that you be very careful before forking out any money to any of them. It seems as if most/all investments made at Global seminars were scams, and it's certainly possible that the ones that came after Global are following the same path.
Oct 29/09: Today's Detroit Free Press has an article about a $50 million Ponzi Scheme in the Detroit suburb of Southfield, Michigan. It was supposed to be a private equity real estate fund. It victimized about 440 investors, mostly in Michigan and Ohio. Hearings on fraud charges began in federal court in Detroit. The name of this company was BBC Equities, the BBC stands for Billionaire Boys Club. The rash of Ponzi Scams won't go away, or rather, the authorities seem to be prosecuting them more actively. It's about time!.
Oct.21/09: Headline: Stiffer Penalties for White-collar Crime. Finally, the Canadian government is introducing new legislation to recognize the severity of crimes such as fraud. They note that: " fraud can be every bit as devastating as a physical assault" and ask for minimum sentences of two years for criminals who bilk their victims of more than $1 milion. It may not be a perfect legislation, but it's a start in the right direction. To read the full article, look for Stiffer Penalties at the bottom of the Main Menu.
Sept.16/09: Canada's Conservative government is looking to create a Securities Crime Unit to investigate and prosecute investment frauds. If you enter the name Securities Crime Unit in any search engine, like Google, you can read current articles in newspapers across Canada and even in the US. I encourage you to contact your local MP to express your support of such a bill. Also prominent in news articles is a focus on criminals who leave Canada to avoid prosecution, and who move to places without extradition agreements with Canada. Our defendent, William Rath, fled Canada in 2006. It would be helpful to our case if Canada also looked into his situation as the RCMP have a warrant for his arrest.
Aug 25/09: Group to help Victims of Fraud: a headline in today's newspaper. Kudos to Joey Davis and the Ottawa area group that will advocate for victims of white collar crimes. The organization will lobby governments for tougher penalities, push for one national stockmarket regulator, provide emotional support and raise money for a victim's fund.
Organizers say they want to send a message to politicians that they want changes to the laws that deal with this kind of crime.
Aug. 12/09: Jail for Fraudsters in Heartless Scam: Today's headline in the local newspaper details the sentences given to former TCI Marketers who are now going to jail for their involvement in a mortgage/credit card scam. Sentences are: Paul Stapylton, 3 years, Andreas Toth, 30 months, Donald Coastworth, 18 months, John Boyle, 12 months. Seems like not that much for ruining peoples' lives, but they are also ordered to pay back their victims.
July 28/09: It must be scam week here in London because today's newspaper has a front page article "Fraud Victim loses cool" outlining the victims' anguish at being scammed and losing marriages and life savings. Three of the 4 men convicted in that scam were also TCI Marketers; Paul Stapylton, Andreas Toth and Donald Coatsworth. It is very discouraging that these people move from one scam to the next, but at least these men will be going to jail. Our hearts go out to the victims, many of whom are TCI victims as well.
July 27/09: Members have asked where New Shore fits into the TCI picture. When Global was shut down, a group of Marketers, who had sold Global, formed a replacement company which they named New Shore. It has also offered offshore seminars and sells investment opportunities. You can find it online at Google. Many TCI members were offered a reduced fee to join New Shore after Global was closed down.
July 25/09: Global, also known as IGP or Institute of Global Prosperity is a product many of us were required to purchase when wanting to join the TCI Investment Club,between 1998 and 2002. The US government convicted the managers of Global years ago and they have all spent time in prison. Many who attended the offshore seminars expecting valuable education about money management and introduction to supposedly hand-picked investment opportunities, have lost all the money they invested there as well. Marketers pushed us into Global and pocketed approx. 5000US of our money. Many of them did not even attend a seminar themselves. Back in 1998 the US justice Dept ordered a cease and desist order against Global sales in at least 5 US States, including Michigan, yet almost all TCI members were sold the product after that time.
June 30th: U.S. District Judge Denny Chin made this statement in his comments yesterday: " Here the message must be sent that Mr. Madoff's crimes were extraordinarily evil and that this kind of manipulation of the system is not just a bloodless crime that takes place on paper, but one instead that takes a staggering toll". For those of us who have also experienced a similar crime, we applaud his recognition that vicitms experience "a staggering toll" and that such bloodless crimes are still "extraordinarily evil". Only victims can truly understand the impact, but Judge Chin's comments make a profound statement to the North American justice systems.
June 29th: Hoorah for the US Justice system. Bernie Madoff has been given the maximum sentence possible: 150 years in prison. All victims of these financial frauds can appreciate that the courts are taking these crimes very seriously. Let's hope that Canadian courts do the same.
Dec. 28th: The following link is interesting reading for those of us who had to purchase Global to join TCI. It shows that Cease and Desist orders were issued in many US States BEFORE we were sold the product.http://www.fraudsandscams.com/globalprosperity.htm
Our thanks to those Marketers who sold us this product after the fact and likely knew what was happening in the US. Is that why my Marketer would not let me sign up a US friend? Is this why our Marketers have their heads in the sand right now and won't help us?
You can contact us at any time at:
admin@tcirevealed.com
Created on 02/04/2003 10:24 AM by admin
Updated on 05/18/2012 08:08 PM by gordie
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