BU highlighted the plight of an 80 year old Canadian man on October 18, 2008 who alleged that he had been swindled by an offshore company based in Barbados. The Barbados based offshore company Bridge Management (Barbados) Incorporated reportedly received several million dollars from many Canadians who now seem to be fighting a losing battle to redeem investments. Some frustrated investors in Bridge Management Barbados Inc have since used the BU blog to exchange information and extend moral support during this time of great anguish.
In keeping with our promise to be transparent in how we operate, BU has taken the decision to apprise the BU family of an unfolding situation. Yesterday (4 January 2010) we received an email threatening legal action if we did not withdraw certain information from the blog referred to above. We have sought a legal position and BU’s position is our blog did not defame the person purporting to be Frank Mastrocola. However, out of an abundance of caution we have taken certain actions which are outlined in the document attached.
We ask the BU family to continue to be responsible when posting comments and continue to use BU as a vehicle for freedom of expression.






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