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Eighty Year old Canadian Man Needs Your Help Minister Sinckler

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Chris Sinckler, Minister of Foreign Affairs, Foreign Trade and International Business

Barbados under successive governments has taken great pride building an offshore sector that is respected. While other offshore domiciles have chased quantity, Barbados has targeted the quality International Business Corporations (IBCs) by creating a rigorous legislative regulatory framework. We have no doubt that Minister  of Foreign Affairs Chris Sinckler and his Junior Minister Donville Inniss  would want to build on the good work done by those who have preceded them. It is against this background that we have decided to highlight a matter which has been drawn to our attention.

The matter concerns 80 year old Canadian John Doe and Bridge Management (Barbados) Incorporated – (IBC registered in Barbados). We have given our commitment to our source that we will withhold certain information to ensure that confidentiality is respected. We ask the BU family to bear with us as we try to highlight how a man in the twilight of his years needs the help of the Barbados government to resolve a financial dispute ongoing for approximately three years. The fact that the dispute involves an IBC domiciled in Barbados has the potential to tarnish the good reputation of a sector which successive Barbados governments have worked hard to guard against.

Based on the documents we have seen John Doe has made several investments over a period of 14 years with Bridge Management (Barbados) Inc. The amount accrued in the period is significant. The problem which Mr. Doe now has is that despite his investment contracts having expired with the local company he has been unable to get his money back from Bridge Management (Barbados) Inc. This company currently operates from 2002 Worthy Downs, Graeme Hall, Christ Church, Telephone # 418 7000. Bear in mind that this is an 80 year old man who is currently operating through other parties to have this matter resolved.

Although an acknowledgment redirecting this matter to <!–[if gte mso 9]> Normal 0 the Ministry of Foreign Affairs, Foreign Trade and International Business for follow-up action has been received from the Prime Minister’s Office dated 16 May 2008 – Our Ref: DS511. We appeal on behalf of an old man (John Doe) for the government of Barbados to investigate this matter with urgency.

<!–[if gte mso 9]> Normal 0 Our investigation lists two known principals in Bridge Management (Barbados) Inc. There is Canadian Sebastien Mecca who is a Vice President and who we understand is currently being sued at the Municipal Court in Montreal by some other investors. There is Barbadian Andrew Murray who manages the local operation. Bridge Management (Barbados) Inc based on our investigation continues to operate business as usual in Barbados, while an old man in Canada wonders if he will get his money back. We are concerned that the government of Barbados has been unacceptably tardy in responding to queries raised about this matter.

On behalf of John Doe we are asking our authorities to respond to the outstanding queries made on his behalf. If his money is gone he and his family deserve to know so that they can take further action. The longer it drags on, which is what we suspect the principals of Bridge management (Barbados) Inc are hoping,  the money trail will fade.  If the Barbados authorities investigate this matter further they will realize that that other issues are at play.

If BU with limited resources can find out what we know  about this potential fraud, we can’t imagine what the government of Barbados would be able to turn up. Minister Sinckler we know that you have been busy with the EPA but surely you have support staff in your ministry to deal with these matters?

Please help the old man and in the process maintain the good reputation of the Barbados off shore domicile.

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139 responses to “Eighty Year old Canadian Man Needs Your Help Minister Sinckler”

  1. David Avatar
    David

    We would appreciate if those BU family members in government would pass along this message to the relevant people at foreign affairs. We urge them to respond before the old man ‘pines’ away.

  2. BWWR Avatar
    BWWR

    There is more information on this matter to be found at http://www.lautorite.qc.ca/pdf/com25sept2008-acamex-ang.pdf . I intend to see what I can find out about this company and its directors and post it here on BU.

  3. BWWR Avatar
    BWWR

    David, I have done a little research as promised. I reference http://lapresseaffaires.cyberpresse.ca/article/20080719/LAINFORMER/807190779/-1/LAINFORMER01&fromFeed=yahoo and its headline Victimes d’un autre scandale offshore published 19 juillet 2008 – 06h00 in La Presse under the byline of Francis Vailles

    It is reported that for 4 years, many customers of an off-shore company have failed to have their money reimbursed by the company. The investment in question has fluctuated between $10 million and $20 million Canadian.

    The funds in question concern an off shore company in Barbados called OPUS TRUST later re-named BRIDGE MANAGEMENT. In this respect, Montreal-resident, SEBASTIAN MECCA is facing three lawsuits in Quebec for funds totaling some $800,000 Canadian.

    In court at the Palais de Justice in Laval on June 20, Mr Mecca faced aggressive questioning in one of the lawsuits, that of Carole Pharand. Ms. Pharand claimed $50,000 Canadian plus unpaid interest since 2003 for a total sum of $85,000. Her claim for the $85,000 was against Mr Mecca, Opus Trust and Bridge Management as well as the person who had sold her the investment, MR FRANK MASTROCOLA.

    These investments were offered to Quebec investors from 1999 onwards. I have to comment that even if someone invested $50,000 in 1999, a claim of $35,000 unpaid interest does reflect an inordinately high rate of interest that appears to me to turn this into a medium to high-risk investment in the first place. But apart from that, let me move on. It appears that the **** hit the fan in 2004 when a large number of investors at the same time asked for their money back, totaling some $1.5 million.

    The testimony given by SEBASTIAN MECCA in his examination before the Quebec courts is reported as containing confusing statements and curious coincidences. Justice Jacques Fouriner showed skepticism. He said, “En 2004, la raison des remboursements massifs était légitime (pour expliquer le problème). Mais après 2006, à l’échéance, il n’y a plus d’excuse. Alors où est l’argent?” My Bajan school-girl French (admittedly much improved by years of visiting French Canadian friends in Quebec, causes me to translate this as: “In 2004, the reason for refusing massive reimbursements was legitimate (to explain the problem). But after 2006 the maturity date there is no longer any excuse. So where is the money?”

    Sebastian Mecca advised the Court that Bridge was about to reimburse everyone. However, the judge, having had sight of a letter from Bridge to investors promising reimbursement with the words that “the cheque is in the post” commented, “Depuis combien de temps disent-ils que le chèque est à la poste? Trois ans? Pourquoi devrait-on les croire?” Translated: “How long do they say that the check will be in the post? Three years? Why would have one to believe them?” Justice Fournier suggested that the liquidity problems could arise from a form of “kiting”, a fraudulent procedure in finance. He said, in French, “The people of Bridge thought that upon expiration of the term of the investment, other people would invest and that they could use this money to reimburse the old investors. When this second string of investors failed to materialize, there was no money. “Is that what happened here?” the judge asked Mr Mecca.
    Mr Mecca responded, “I DO NOT THINK SO. THE MONEY IS THERE.” (Je ne pense pas. L’argent est là).

    Mr Mecca asserts that he was only an agent of Opus/Bridge for the Province of Quebec, nothing more. Sort of like Hitler’s henchmen, Mr Mecca was only following orders. For this he was paid $3,000 per month from 1999 onwards. Mr Mecca was able to reveal that Opus/Bridge was offering investors an annual yield of between 9.5% and 15%.

    Sebastian Mecca said that he became agent of Opus/Bridge after travelling to the Bahamas in 1997 to buy a property (which makes me ask how someone on Cdn$3,000 per month could possibly think, even in 1999, of buying a property in the Bahamas. It was there that Mr. Mecca met a certain ROY BOUCHIER, who talked to him about the investment. Mr. Mecca claimed that he himself invested $75,000 on January 1st 1999, as FRANK MASTRCOLA. Why the monniker, I ask?

    Sebastian Mecca claims that quite by chance in 1998 he met in Montreal the CEO of Opus/Bridge, ANDREW MURRAY. The meeting took place in the offices of the firm of lawyers Mendelsohn Rosentzveig Shacter. This was explained as in case there was need for international fiscal advice.

    A coincidence, it is claimed.

    It is equally coincidental (I don’t think) that the lawyer/tax consultant SERGE ROOT, having been Mecca’s lawyer in of other cases, was authorized by Opus then by Bridge to answer fiscal questions on their behalf. Conflict of interests, you think? Hal, you have NOTHING on these boys. According to a document provided the Court, Serge Root appears in 2000 as the lawyer for Opus (later Bridge). In a second document dated March 2001, and signed by him, Serge Root gives a “legal opinion” on the manner to structure the funds Bridge Management (Barbados) to minimize fiscal impacts.

    Serge Root works in the offices of Séguin Root of Laval, was not available for comment. However, in January he declared to La Presse that he knew very little about Opus/Bridge. Among other outright lies, he claimed that he did not know that Opus dealt in overseas funds, which makes one wonder what possible good he thought his “legal opinion” might be otherwise.

    Another document seemed to indicate that Sebastian Mecca is more than a simple agent of Opus/Bridge. In June 2002, his son IAN FRANÇOIS MECCA appeared before the High Court of Barbados as the official representative of Bridge Management in an injunction hearing against another company. This injunction is sought against the Barbados firm, Crystal One Track, for a maximum value of US$4 million US, according to the document. Sebastian Mecca, however, refused to accept that his son was implicated with Bridge.

    Crystal one Track is known in Quebec as Quebec One as it lost This is this business lost millions of dollars to Quebec personalities, notably the actor Gilles Latulippe, the journalist Francine Grimaldi and the Calm businessman Poulin (former owner of MAAX).

    Crystal’s money was allegedly swallowed up in an aviation corporation started in Montreal that closed its doors in 2001 following “financial difficulties”. Crystal wa founded and funded by LUC VERVILLE.

    Now, here is the interesting bit. Bridge and Crystal one Track have the same address in Barbados 2002. Worthy Down, Graeme Lobby, Christ Church. Photos of the place presented the Quebec court reveal that address as a very modest pied a terre.

    Sebastian Mecca claimed that Opus/Bridge in 2000 had about thirty clients and $5 million. Then, by 2003, $20 million. There is no documentation to support this claim.

    It is claimed that between $10 and $20 million should be recovered soon and that this money that would come from a Swiss bank. One has to ask WHICH Swiss bank.

    Ian François Mecca has refused comment and in 2006 advised La Presse that he had no knowledge of Bridge.

    I hope this assists.

  4. David Avatar
    David

    Thanks for your work on this BWWR. It is good to know we got this story right based on our research. It begs the question why is this company being allowed to function business as usual. Mr. Andrew Murray needs to be called to account.

    We wish to than a member of the BU family who has offered to help. We have sent a request to our source to get permission to release information requested.

  5. Wishing In Vain Avatar
    Wishing In Vain

    You are doing a great job David keep the good work up.

  6. Tell me Why Avatar
    Tell me Why

    Here’s another piece of the financial conspiracy From The Montreal Gazette:-

    Regulator lays 81 charges
    The Gazette
    Published: Friday, September 26

    Quebec’s financial regulator has laid 81 Securities Act charges and is seeking fines totaling $634,000 against four men alleged to have been involved in the sale of illegal investments.

    The Autorité des marchés financiers laid charges in Laval and Longueuil against Sebastian Mecca, Frank Mastrocola, Roberto Pistilli and Peter Krauth.

    They are accused of acting as brokers without a licence, participating in an offering of an investment without an approved prospectus and providing false or misleading information to investors. The companies involved are Corporation Acamex Capital, Bridge Management (Barbados) Inc. and Opus Management Capital Inc.
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    An AMF spokesman said investors have lost money on privately offered investments that carried a high rate of interest. Sylvain Théberge couldn’t say how many investors have been stung or how much money is involved.

    © The Gazette (Montreal) 2008

    David, as I see it, this gentleman was conned into some sore of illegal investments by these fraudsters. Unfortunately, Barbados was used as a base since the investments might be in Barbados and this office was used as a cover up.

  7. JC Avatar
    JC

    So tell me why that means that he wont be getting back a cent? Please forgive my ignorance on this subject it is just sad to know that he was duped black or white it was his hard earned money.

  8. Tell me Why Avatar
    Tell me Why

    We must realise that it is not the poor man who might be tricked into a financial scam.You will be surprise of the wealthy business people who usually throw away money after being scammed by these financial investors. I bet you that this Barbadian company might only have assets to pay utilities and salaries, all the real dollars will be somewhere in a Swiss Bank.

    The most our Government can do is investigate. But this gentleman’s money is dead. The four fraudsters if found guilty, would be sentenced to prison since they might declare bankrupt.

  9. Pat Avatar
    Pat

    Seems to me that these guys are small time ‘mafiosi’. That money is gone. They used Barbados offshore banking regs. to con people into thinking they would make more as they were investing in a “tax haven”. The case was on the news earlier this year and they interviewed a few of the investors. One lady lost $800,000. All she had. Others were too embarrassed to admit how much they lost. It was reported that one lady cashed other investments to invest with these blokes. Some people who knew the lady speculated it was in the millions.

  10. David Avatar
    David

    Based on what we have read and we hope that we are wrong but it seems to be a ponzi scheme. How could people prey on old and gullible people like Mecca and Murray? People work hard all they life and then these snakes come along with these schemes. If we loose a $100.00 we are pissed, we can’t imagine how this man and his family feels loosing the kinds of money this man has done.

    WHO THE HELL IS ANDREW MURRAY!!!

  11. BWWR Avatar
    BWWR

    David,

    Realistically, I don’t think there is much chance of this elderly gentleman getting his money back during his lifetime – or at all. The court cases that he would have to go through will take anywhere from 10 to 15 years to resolve and they will be very costly. We don’t know how much he invested, but, short of it being millions, it really isn’t worth it. Sadly.

    However, the way I see it (and this is supposition) is that these Canadians came to Barbados, located a registered office for their business (no member of the Barbados Bar would have entertained using their address – these offshore businesses usually use their Barbados lawyers’ addresses for these things and Barbados lawyers do extensive due diligence before accepting that sort of arrangement) and then proceeded to set up a ‘kiting’ process that is fraudulent. I can assure you that whatever censure I may from time to time direct at members of the Barbados Bar, NONE of them would allow their premises and names to be associated with such a scheme. And I know most of them – and there are some of extremely dubious merit there, but NONE of them would have been joined in this.

    It is almost impossible to tie in Mr Mecca as being a proprietor of the company and it appears that neither is he a director. Establishing his connection and that of his son will be an expensive process.

    There is, I fear, no upside for this old gentleman. The only upside at all is that by now the RCMP is climbing all over the case and I would suggest that they have received Canadian federal judicial approval for wire taps and search warrants and that the Canadian Ministry of Jusitice and the RCMP have been in touch with the RBPF and the Attorney General and enlisted their support. If this has been done, Mr Andrew Murray is under the microscope in Barbados – and he will almost certainly go down. These gentlemen will go down also and spend some time as guests of Her Majesty in both Canada and Barbados. As the Bahamas is also involved, you may be sure that it is being investigated there as well and I would be extremely suprised if the FBI and the CIA have not also been involved. This is, after all, international fraud.

    Before Barbados’ detracting blogs jump in and start a whole “bash-Barbados” campaign with particular emphasis on the RBPF, let us reflect that this sort of fraud happens worldwide, not just in Barbados and in fact Barbados has far less pro rata cases of this nature. It is instructive to note that the offending country here is Canada, not Barbados. I would also add that the RBPF to my certain knowledge is highly trained and efficient in investigation and international cooperation with other law-enforcement agencies of these abuses of the system. Please accept that I have watched the RBPF in these cases and their techniques and committment are second to none. Come on, folks, praise and credit where it is due – let us not forget to celebrate what does work in the RBPF and in our society.

    The salutory lesson is that for those of us past retirement age and on a fixed income, if the investment seems too good to believe, it generally is too good to believe. Before the worldwide credit crunch, the temptation to go into high-risk, speculative investments was great – and usually fatal. As a retiree, I too was tempted to increase my spending capacity by looking for “deals”. I resisted the urge and now very happy (and relieved) that I did. I also want to say that for those of us on a fixed income, it is not greed to want to get a little more money as we watch our incomes being diminished by rising prices. Any retiree will know where I am coming from and sympathise with this gentleman.

    I see no immediate or even a successful civil remedy for this old gentleman. However, rest assured that the fraudsters will go down eventually. Sorry I cannot offer the individual more comfort than that.

  12. BWWR Avatar
    BWWR

    I refer the BU family to this link: http://en.wikipedia.org/wiki/Check_fraud . It gives a pretty good take on what may have happened here.

  13. Tell me Why Avatar
    Tell me Why

    Due to the amount of Money Laundering, the amount of Fraudulent Investments and other schemes, it might be prudent for this administration to set up an office under the aegis of Minister of Finance to look into all offshore companies that are given tax concession to operate on the island. Each company must show their operating cost along with receivable and payable information. Remember, tax havens are a liability to any government and should be shown in our annual budgets. Also the Central Bank of Barbados should be monitoring funds leaving this island, but due to the lapsed in accounting standards from this country’s end, these companies get away with millions of dollars that will be hard to trace. The reason is simple. If an investor paid in millions to such a company and a receipt is issue under the Barbados jurisdiction, these funds should be made transparent, (here’s a good reason to incorporate the FOI to monitor such financial behaviour), the auditor general or someone with that type of clout, should have the autonomy to check money movements by these companies. This would alleviate these Tax Havens from being Financial Havens.

  14. JC Avatar
    JC

    So that means there is no hope; each comment that I have read sounds dismal for that Old man!

    Life is a Bit**

  15. Pat Avatar
    Pat

    @JC

    Even if assets were held and sold, the return to investors would be mere cents on the dollar, especially if the principals filed for bankruptcy. A ploy some of them use here in Canada is to place house, car, etc. in wife’s name.

  16. BWWR Avatar
    BWWR

    Tell me Why // October 21, 2008 at 9:51 am most of the things you are advocating like Central Bank control already exist and work extremely well. As for the others, you are advocating mixing one distinct area of government with another and this would create a big-brother situation that would rob most of us of our basic right to privacy. It is a delicate balance which the PM and his cabinet are handling with enviable skill and respect for our human right to privacy.

  17. Tell me Why Avatar
    Tell me Why

    I said these words and will stick by them.”If an investor paid in millions to such a company and a receipt is issue under the Barbados jurisdiction, these funds should be made transparent, (here’s a good reason to incorporate the FOI to monitor such financial behaviour),”

    What nonsense you speaking about rights of privacy? That mean you are hell bend against the introduction of the FOI since this law would allow people to check movement of funds like in the case of this 80 year old man. I cannot remember hearing or seeing financial reports regarding loss of revenue to Government by these offshore companies. Since as you state that “enviable skill and respect for our human right to privacy”what about the 80 year old man human rights to his hard earned money? If it is a scam, the operation of this satellite company regarding funds received and removed should be forwarded to the authority and stop talking about privacy in this fraudulent scheme.

  18. » Gordon Brown Calls For A One World Bank-Bretton Woods-NWO Keltruth Corp.: News Blog of Keltruth Corp. – Miami, Florida, USA.

    […] will be forced on the Barbados Offshore Sector. I have always been concerned about the role of the Offshore Industry in money laundering and fraud. As a person whose life has been impacted by fraud, I ought to be. US […]

  19. Nicolas Morrow Avatar
    Nicolas Morrow

    svzlq1upvygnb4sj

  20. Maria Avatar
    Maria

    We have been implicated in the same fraudulent scheme with Frank Mastrocola and Sam Mecca aka Sebastian Mecca. We have lost most of our life savings with these con artists. They still try to pretend like there is hope so we don’t know what to beleive.

    If anyone wants to contact us we can be reached at this email address here.

    glmanno@yahoo.com

  21. Waiting for funds Avatar
    Waiting for funds

    We too had the “disfortune” meeting Mr. Sebastian (Mecca). We have now waiting for our funds for over 4 years. He keeps advising us that the funds are being released soon. As per the comment that Mr. Mecca was not a director is false. Back in March 2004, he removed Andrew Murrary from being director and Sam Mecca became director of Bridge Mangement. Check the CAIPO reports.

  22. Maria Avatar
    Maria

    Hi, this is directed to the person just above this posting titled “Waiting for funds”, you were talking about Sam Mecca and CAIPO.

    Could you please email me?
    have you spoken with the AMF?

    Thanks

  23. Peter Avatar
    Peter

    This is all unfortunate as I to am a victim of this fraudulent act. Does anyone know where we can find Sebastien Mecca or any of the others implicated in all this?

  24. g.engler Avatar
    g.engler

    I have been trying to reach S.Mecca for 2 weeks and the woman taking his messages has a very british accent and has not returned my calls. Does anyone knows where he is? I’m loosing all my savings and I am desperate.

  25. Mel P. Avatar
    Mel P.

    Is there a criminal investigation into these individuals activities?

  26. Avatar
    Anonymous

    G.ENGLER…I can sympatize with you. We also are desperate. Have you placed a claim with the AMF of Quebec? I know that he was under investigation. Hope this helps. No funds have been disbursed to anyone…and we keep hearing the same story from him, the funds are almost released.

  27. Avatar
    Anonymous

    This is an article that appeared last year. http://www2.canada.com/montrealgazette/news/business/story.html?id=6c20aa8e-eff8-4ca8-a8f1-5bba9ea98fb5

  28. g.engler Avatar
    g.engler

    In answer to anonymous.
    I talked to Mr. Mecca yesterday and he says that all the documents have been signed and the money WILL BE RELEASED SOON. No I have not made a complaint to AMF yet and I am still hoping that we will get our investment back. IF NOT then I will have to report it to the AMF.
    Anybody eslse have any news to share?

  29. Avatar
    Anonymous

    In answer to g. engler…our so called Mr. Mecca aka conartist, as been communicating that since the end of October 2008. Papers are signed and ready to be released. But this is only one piece of hope that we can have. I’m glad to know that you’ve spoken to him, because we have left messages and he as not returned our calls yet. Let us hope that it all works out for all of us in the end.

  30. Anonymous Avatar
    Anonymous

    Any updates…?

  31. Avatar
    Anonymous

    Why “Anonymous” are you afraid of something??
    Talk to Mr. Mecca last Wednesday and apparently the funds will be released tomorrow to Bridge Management and then should take another 10 days to make the distribution. He sounded very
    confident that this time this was it. He mentioned that Andrew Murray had spent >$25,000– on lawyer’s fees to get the bank moving. I asked why the bank was so reluctant to give us our money and he said THEY ARE PLAYING WITH OUR MONEY. I wish I could to the same…………..

  32. Annoymous Avatar
    Annoymous

    “Why “Anonymous” are you afraid of something??”

    Do you care to explain your comment? Should I be afraid of something?

  33. Avatar
    Anonymous

    I simply don’t understand why you don’t sign your messages. When I give information I like to know who I am dealing with at least put a name. There is no mystery………..

  34. Avatar
    Anonymous

    Sorry I forgot to sign off the above message.
    G.Engler

  35. Anonymous Avatar
    Anonymous

    http://www.cbc.ca/canada/montreal/story/2009/07/13/montreal-earl-jones-financial-planner-clients-ponzi-scheme-investment-advisor.html

  36. Avatar
    Anonymous

    Dear Mr. Engler…I’m assuming that your funds just came up to its expiry date. We have been waiting for funds for over 5 years. The story that Mr. Mecca advised you, is the same story we have been hearing for the last 5 years. If you do receive anything, pls let us know. Mr. Mecca apparently doesn’t even work for Bridge Management any longer.

  37. g.engler Avatar
    g.engler

    I have been waiting for 1½ yr. for my money. Talked to Mr. Mecca last Friday and he is still waiting for confirmation from the bank. I would like to know how did you find out that Mr. Mecca does not work for Bridge Management. Any proof to that or is it hearsay?
    Mr.Mecca will be in court in Laval early October to fight the AMF ‘s claim. The AMF cannot help us recuperate our investment, they look after themselves!!

  38. Anonymous Avatar
    Anonymous

    To g.engler
    What matter will be addressed in court in October with AMF? I can’t find any information on AMF’s website.

  39. Avatar
    Anonymous

    G. Engler…how were you advised of this court date? Anonymous 1 (July 21)

  40. g.engler Avatar
    g.engler

    The AMF is claiming $634,000.– from S.Mecca for $272,000.–, Roberto Pistilli $86,000.–, Peter Krauth $82,000.– & Frank Mastrocola $194,000.– this info was on the internet written by Mr.Sylvain Théberge, AMF spokesman. Above people sold investment without proper prospectus and giving false info to investors. You will find the information in french if you type – Peter Krauth – go down the list for POUR PUBLICATION IMMEDIATE.
    As for the trial date this was given to me by the AMF lawyer Emélie Robert. The trial date in Laval is Oct. 5 – 8/09 and is open to the public. There will be a trial in Longueuil too.

  41. Anonymous Avatar
    Anonymous

    Thank you G. Engler.

  42. g.engler Avatar
    g.engler

    Talked to Mr.Mecca this morning and assured me that they were on a stand by, they expect news from the bank that the funds are being transferred. I want to keep positive and expect some good news early next week. I think we should all keep our fingers crossed and this time they will come through. If anybody else has some good news please let me know.

  43. Anonymous Avatar
    Anonymous

    Does anyone know the status on the elderly man also owed? Has anyone been paid return on their investment?

  44. Avatar
    Anonymous

    Thanks G. Engler, you are quite resouceful. Let’s hope that S. Mecca pulls through his promise this time around. No funds have been paid out to any investors that I’m aware of. If not, we should all get together and all complain to the AMF.

  45. g.engler Avatar
    g.engler

    I spent part of the evening watching interviews with investors and the arrest of Earl Jones. This is not very reassuring for us since people have been waiting for 5 yrs. for their money. What is in store for us? I talked to Mr.Mecca last Thursday and “he is still waiting words from the bank”….will call him tomorrow.
    If this keeps up we will have to collectively do something about it.
    Will keep you posted.

  46. Anonymous Avatar
    Anonymous

    Banks don’t just hold peoples money like that. Shady investors do… If they are being investigated by the AMF, I think its a good indication to take legal action, don’t you?

  47. Anonymous Avatar
    Anonymous

    Another alleged ponzi scheme uncovered in Montreal

    http://www.montrealgazette.com/news/Another+alleged+Ponzi+scheme+uncovered+Montreal/1846545/story.html

  48. Peter Avatar
    Peter

    So I decided to check back into this forum. No offense G. Engler, but how is it that you seem to be the only person who is able to contact Mr. Mecca these days? I wouldn’t believe a word coming out of his mouth as we’ve been hearing it for well over 2 years now! We have lost our life savings and Mr. Mecca deserves everything and more that is coming to him. To see Mr. Mecca and his team spend years in prison would be just as good as receiving a fraction of the money we’ve lost. The AMF seems to be taking forever with this, I don’t know if it’s possible but does anyone know if we can sue these people?

  49. Avatar
    Anonymous

    1st and foremost, you all need to contact the AMF and fill out a complaint form to have everything on file. If it is true that he will be fighting the AMF in October, then we should all complain to the AMF ASAP. I understand that you don’t want to screw up your chances in getting Sam pissed off and not getting your money, but this ass has been screwing with our lives for too long…we all need to complain collectively.

  50. g.engler Avatar
    g.engler

    There is already 81 complaints filed against the 4 people mentioned above, the AMF is claiming $634,000.–. These people were met with the AMF inspectors. The AMF is NOT looking after our investments, they are there to stop people committing fraud.
    Why is Mr. Mecca still talking to me, this is obviously the $64,000.- question that I cannot answer but he is. My question is why he is not talking to you?
    I was talking to him last Wednesday and said the money will be released. I am still hoping we will get our investment. Maybe we will get some answers in October……..
    How come you never filed a complaint with the AMF.

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