Twas the Night Before…

Submitted by HAMILTON HILL
CLICO Policyholders suing, finally!   Photo credit: Nation

CLICO Policyholders suing, finally!
Photo credit: Nation

There seems to be some direct correlation between snow fall and slumber. As I sat last night at the old desktop intent on taking in the happenings in my Barbados via the world wide web, mother nature delivered her calling card in the form of powder white, and equally light snow. For me light snow makes for heavy eye lids so quite soon I was fast asleep…and now I understand why they say peaceful sleep.

I am reading BU where it has been reported that PM Stuart has shared with us a secret that has been kept better than the code to the vault of the US treasury. I am preparing to cuss Prodigal Son for his claim that my PM didn’t even know what “de damn date was till de inner circle tell he. “I just had to get the jump on AC, CCC and ! for surely my three compadres would not permit Prodigal to get away with such disrespect for a man, my man who has just created major history in Barbados. Just as my finger is about to press the submit button so as to upstage AC and them, David writes that PM Stuart…my man of the century has just announced that a major player in the CLICO master con would be arrested and his assets frozen, all this to take place on or before nomination day.

Immediately someone writing under the moniker of Leroy writes “None of you people has no nollege about who I am. There is many more over night millionaires about here than me “. Onions and Miller are now in the do, telling the BU family that the handing over of these beautiful homes to poor people is by design an election gimmick. What madness are these two telling us? This is government for the people…Government buy the people, and the people luv the government, for all of these things are nothing new.

As I grapple with the thought of cussing out Miller and Onions for poo pooing my party’s housing solutions, I am listening to Brasstacks and cussing my man Dennis J, cause Rawle relentlessly pun Mitt Mascoll’s case and DJ keeps interrupting and then refuse to let me help David Ellis  as he choked on his own saliva while trying to answer the simple question of what happened to Kaymar?

The shrill of the alarm clock gives me that wake up jolt at three am on a snowy Saturday morning, an off day nonetheless, so now I am mad as hell. I shall now spend the rest of the day trying to divvy up my anger between the fact that through the fault of none other than myself I am wide awake at three in the morning, and the fact that the jolt brought me back to reality where some Bajans wait for their pay for work already done, while all wait for a date already known,since last year. All that’s left for me to say is that peaceful slumber breeds wishful thinking.

118 thoughts on “Twas the Night Before…


  1. This law suit against the Directors and Auditors is long in coming but warm the cockles of the miller’s heart who recommended this course of action 18 months or so ago.

    June Fowler and her BIPA band of exploited brave hearts have prevailed against all the many stumbling blocks placed in their way by this DLP administration in its unashamedly naked quest to protect Leroy Parris from the arms of Justice and retribution.

    But although procrastination can be the thief of time it can also be a blessing in disguise.

    The false claim of FS to be a chief priest in the holy temple of integrity has again be laid bare by this suit designed by a tailor called truth with the scissors and needle forged in the CLICO forensic report and the utterances of a holy pretentious innocent Lawrence Duprey laying all failings of the Barbados-based operations squarely on the shoulders of the local executives and directors.

    June Fowler and her band of suckers would have been totally stupid to rely on the comforting words of the Master Liar the Fumbler who wrestles with the beasts of Ephesus after slaying the lion of called King David.
    June Fowler did you really expect the Fumbler to keep his promise of giving back the principal portion of their investments to the CLICO policyholders when the Barrack settlement can’t even be concluded and remains a millstone of junk around this country’s downgraded fiscal neck?

    Remember this is a man who got up in the highest Court of the land and showered Leroy Parris with such adorable praises in managing a uniquely successful business called CLICO that your justification and bases for suing the same man along with named directors “SHOULD BE PUNISHED WITH LAUGHTER”.

    This is a man of misplaced values of integrity that still protects the biggest con man and crook in Bim who is still able to cavort within the bosom of the DLP and offered succour and consultancy contracts by this DLP administration.

    But before you, June Fowler, start thumping your chest for initiating some legal redress in the right quarters please explain to the BU readers how come such a man like Terrence Thornhill is still employed by the same CLICO Holdings where most of the assets still reside and where most of the financial shenanigans and infelicities took place and possibly still taking place?
    Why are you allowing this man you are suing to be paid a salary for doing diddly-squat out of the premiums of the same policy holders you claim to be representing?


  2. The lead story in Today’s Sunday Nation is what I was hinting at earlier. The story is reproduced below.

    BY DAWNE PARRIS | SUN, JANUARY 27, 2013 – 12:10 AM
    THIRTEEN DIRECTORS of the insolvent CLICO and British American Insurance Company (BAICO), including former CLICO executive chairman Leroy Parris and president of CLICO Holdings Barbados Limited, Terrence Thornhill, are facing $128 million in negligence lawsuits.
    The action has been initiated by the Barbados Investors and Policyholders Alliance (BIPA), whose lawyers have served the directors with pre-action protocol letters, giving them two weeks to respond with either “plausible reasons” why the action should not be maintained or a convincing settlement offer.
    Failing that, the court action to recover $76 million from the CLICO players and $52 million from those accused of negligence in the BAICO matter will be triggered.
    The SUNDAY SUN was told that attorneys at law Alair Shepherd, QC, and Esther Arthur sent off the January 17 correspondence along with a draft statement of claim to CLICO directors Parris, Thornhill, Anthony Ellis, Woodbine Davis, QC, Leslie Haynes, QC, Elridge Thompson, Adrian Lorde, Basil Springer, Edrick Griffith and Vishnu Ramlogan.
    The BAICO claim named former CL Financial chairman Lawrence Duprey and directors Brian Branker and Robert Fullerton.
    The other defendants named in both claims were accounting firm PriceWaterhouseCoopers, the auditors of BAICO and CLICO; the Supervisor of Insurance; and the Attorney General, as the representative of the Crown.
    BIPA has contended that the loss suffered by its members was a direct and/or indirect result of the negligence and breach of duties by the defendants.
    President June Fowler said their actions “individually and collectively contributed to the unnecessary demise of the two companies and the consequent massive losses to policyholders”.
    “It is with a heavy heart that BIPA has instructed its attorneys at law to proceed with these actions,” she said.
    “Having pursued various other more conciliatory avenues over the past two years without success, BIPA has been left with no alternative but to represent the best interests of its members by taking this action,” Fowler added.
    She said that many Government promises had gone unfulfilled and neither of the judicial managers had taken the route of legal action to recover the funds.
    In the case of BAICO, the alliance said its members had lost out on $52 million, while the higher amount of $76 million was lost by the CLICO investors.
    The statements of claim detailed where BIPA believed each defendant fell short.
    Among dozens of accusations made against the directors were that they did not properly manage the affairs of the companies; rubber-stamped management decisions; recklessly funded acquisitions of investments regardless of whether they could yield any dividends, thereby exposing the company to insolvency; blindly relied on the reputation of Duprey and the CL Financial group of companies; and failed to recognize that the course of conduct embarked on by the companies could only result in their insolvency.
    The Supervisor of Insurance was accused of failing to perform his statutory duties by ensuring that BAICO was only able to carry on as an insurance company if it both maintained the required Statutory Fund and complied with restrictions on the use of assets representing that fund.
    As for the auditors, the claim further contended that they failed to carry out their work to uncover the companies’ risk of not maintaining the liquidity needed to meet their obligations; plan and carry out their work to uncover potential deficits in future cash flows of the companies; and to carry out their work so as to show that the returns on investment for high interest rate products were substantially lower than the returns guaranteed to the policyholders.
    PricewaterhouseCoopers has already responded to the correspondence from BIPA’s lawyers. In a January 23 letter, territory leader Marcus Hatch said the company was in the process of seeking to appoint attorneys who would respond after an investigation of the matter. It promised a full, written response within a month.
    Fowler said that while BIPA campaigned for the rights and restitutions of funds to all 35 000 CLICO and BIPA policyholders in Barbados, only the 424 members of the alliance had been named in the court action.
    BIPA’s action comes ahead of the four-year anniversary of the collapse of CL Financial, the parent company of BAICO and CLICO, and amid efforts by judicial managers – Deloitte Consulting represented by Oliver Jordan and Patrick Toppin in the case of CLICO, and KPMG’s Lisa Taylor and Michael Edghill for BAICO – to find a resolution.
    Both have indicated that policyholders would not get back all the money they invested.

    Note the consummnate timing of the action. They could have done it earlier. It can damage both parties but which one is it likely to damage most. The dead King’s estate is not mentioned but It would be very strange if he is not brought into the mix especially re. the “money laundering” issue and the fact that nothing was apparently done to remove the CLICO principal executives from the list of entities exempt from the normal money laundering declarations and scrutiny that everyone else has to put up with thereby leaving an enormous chasm for the disappearance of vast sums even after the JM was active.

    Very interesting.

    Hamilton Hill, I suspect that is what your dream was all about.

    Today’s Nation epaper also has some interesting observations from Hartley Henry.


    • In March last year we touched on the matter of corporate governance or the lack of in the CLICO matter. Say what you will this matter will be tied up in the law courts for years to come with the lawyers getting fat, unless there is a change of government who is willing to take a different course of action.
       
      +++++++++++++++++++++++++++++
      A Culture Of Diminishing Corporate Governance
      Posted on March 5, 2012 by David | 48 Comments | Edit

      Credit: Nation newspaper
      The CLICO Mess has brought into focus a bigger issue, the lack of a reliable governance framework. BU maintains we have witnessed a catastrophic regulatory failure which continues to challenge all jurisdictions CLICO operated. This view is contrary to William Layne’s who continues to dumb down the role of the regulator.
      The CLICO Mess has exposed corporate governance as only a term of art, to be used by the learned in our midst to demonstrate astuteness.. The mind boggling revelation by ex-CLICO directors on the weekend that many decisions made by Leroy Parris was down unbeknownst to them. Who are some of the directors you ask? Tony Marshall a retired Barclays banker who would have operated in a corporate environment at a senior level – Tony Marshall in your position as Chairman of the NIS Board the public wants to know what is the status of the financial statements. Here is a reminder of your Press Release.  Dr. Basil Springer a local management guru who founded Systems Caribbean Limited before he sold it. Woodbine Davis a former Solicitor General, Leslie Haynes, a member of the legal profession who wears silk and the former president of the Bar. To Dr. Frank Alleyne’s credit he has pleaded no comment.
      https://bajan.wordpress.com/2012/03/05/a-culture-of-diminishing-corporate-governance/


  3. More Fraud, time wasted , money wasted, lawyers richer .


  4. it would be tied up in the courts for a long time. no govt going to have any say so as to the outcome once in the courts. oSA may try to hoodwinked the clico policy holders that he can find instant relief for them once elected. but the truth is that while in govt he did nothing to prevent this disaster now he of course would want to present himself as a knight in shining armour.afterall when all is said an d done he was the gatekepper who stood around and watch the Clico house burn to the ground.


  5. @ ac | January 27, 2013 at 9:43 AM |
    “it would be tied up in the courts for a long time. no govt going to have any say so as to the outcome once in the courts.”

    Why would it be so tied up? Is that the way you see our legal system as just one long drawn out incompetent dose of salts for a justice institution?

    And to think it is headed by a man specifically headhunted by our Mr. Lying Integrity from Molasses Hill who promised the same policyholders they will get back at least the principal portion of their investments very very soon like before the end of last year.
    Can they really rely on this man of false promises who has the unique gift of unheard silence but when he speaks always puts his lying foot in his gaffe prone mouth.

    The man’s word is certainly not his bond. No wonder he was turned down in his marriage proposal when he wanted to look ‘respectable’ in the eyes of the electorate on assuming office in the capacity of Acting Boss Man when he realized his nemesis King David laid in his bed mortally wounded from the arrow of retributive justice.

    This CLICO affair will be the financial undoing of this country and the death knell to political integrity especially as long as Leroy Parris remains protected in the bosom of the DLP.


  6. Harry Bynoe | January 26, 2013 at 11:17 PM |

    David a topic idea for you begin a thread on a head to head of DLP versus BLP platform speakers for the election campaign.

    Who prevails on the platform like so:
    -Stuart v Arthur > Stuart wins Arthur terrified of Staurt stayed away from parliament because of fear. Stuart oratory too profound and powerful.
    -Sinckler v Mottley> keen tussle ,Sinckler cutting oratory and street humour pips Mottley.
    -Estwick v Dale Marshall. No contest Marshall destroyed escorted to Jenkins by campaign platform police.
    -Donville Inniss v Payne> No contest again Payne joins his shadow Gail Marshall in Jenkins.
    -Jones v Cynthia Forde> Forde loses.
    -Sealy V Toppin> Toppin loses curses Arthur for setting him up
    -Kellman v Glyne Clark >a draw both unintelligible.
    -Michael Lashley v Duguid> Dugiuid cowardly turns tail runs all the way to Montreal never returns.

    What do you think let Dees supporters and Bees supporters weigh in.


  7. Dear Ham Lam,
    The article Count Dread comes to mind…..This one however needs garlic not onions to raise the dead.
    I give it a six……in sound and semblance…..Prodi your take,

    (jolly good show..you improving)
    OOB


  8. @ Harry Bynoe | January 27, 2013 at 10:12 AM |
    “-Michael Lashley v Duguid> Dugiuid cowardly turns tail runs all the way to Montreal never returns.”

    Faulty comparison here, Harry!

    Duguid, despite his cussing predilection can go and come from and to Bim as he likes; even to the Christian heartland of the USA.

    Can we say the same for Michael the black archangel of money laundering who can’t even move to another ministry or even pelican island for fear of being arrested by the FBI for taking gold coins from the jada and preconco fountain to be stashed overseas?


  9. Fruendel Stuart prove correct to not rehire the shady Hartley Henry. Reading his interview with BLP Propagandist in Chief one Sanka Price the self acclaimed politcal strategist has scant regard for loyalty. HH loyalty shallower than Muscle Mary Lynch brain.


  10. @ Silly Season | January 27, 2013 at 10:44 AM |

    So you guys are cussing the political hand of spin and subterfuge that fed you prior to the fall of the diseased king infected with the virus of lies and cheating that ate away like a raging cancer to his deceitful character of pretense.

    Come on, man, give Hartley his King Henry’s crown of divine retribution! After all, he was the chief architect and builder of the 2008 DLP resounding victory of lies over truth. He knows exactly what he is talking about.
    BTW do you along with BLPNationNewspaper, Fractured, “!”, CCC, ac and the likes still trust the Nation Newspaper to tell the truth and present fairly the views of people especially those of the ditched HH?

    What is reported in that article is all concocted propaganda to sully the image of this DLP administration and its moribund leader called the Lying Fumbler.

    Don’t believe one word said in that newspaper. You guys know that too. Just look at the expensive ads placed in that lying rag sheet by DLP purveyors of Truth and Integrity.


  11. Nationnews.com has blocked access to the site unless I pay $1 a day or $198 a year.
    To that I say “expletives deleted.”

    I will continue to read The Advocate and BarbadosToday as long as they remain free.

    Now with regards to the Clico mess.

    I read that the Trinidad government gave Clico a TT $20 billion “bailout”

    It is also interesting that you all continue to blame the Leroy Parris and the board of Clico Barbados for the problems but give the Trinidadian owner a free pass.
    Do you really think that Lawrence Duprey and his team in Trinidad would allow Parris to independently manage Clico Barbados?

    Parris and the Barbados board are guilty of enjoying the sweets of being puppets for a Trickydadian and his band in Port of Spain.

    I hate to agree with millertheanunnaki but this lawsuit should have started 2 years ago.

    I would also like to know how much profit Duprey took out of Clico Barbados but wunna more interested in beating up on a lilliputian like Parris.


  12. @ Miller..As long as Leroy Parris remains protected in the bosom of the DLP.Would you go as far as telling the BU household that with a change of government,even if the justice system were allowed to function without the usual impediments,do ya really think that any of the bajan fat cats would get a taste of prison?Say yes and be guilty of the same affliction of which you accuse the PM.


  13. @ David | January 27, 2013 at 11:28 AM |
    “With or without Henry the DLP would have won the last general election”

    We don’t even need hindsight to accept this obvious truth. Even the miller was inclined to give the BLP a vacation and time out to re-energize its expended tank of ideas and projects and shed itself of the politically bedraggled band of parasites.

    It’s a pity that the people hired to hold the forte has been a miserable failure and lacking in the appropriate skills sets even though the opportunities arose to learn on the job with the goodwill of the people whose trust they are so arrogantly violating.

    It seems that they (the DLP) have not learned their lesson and are employing the same expensively futile tactics utilized in the last elections to retain power this time around. Even though the Families First Account is in escrow the DLP still seem to have a financial cornucopia to support a pending campaign of mudslinging and character assassination instead of focusing on the seriously challenging matters before this economically wounded country.

    The people will not fall for the lies and propaganda even if they lack the artistic sophisticated finesse of the spin doctor HH. They want to see evidence that they can buy into any promises made that would improve the fast deteriorating socio-economic conditions both at the individual and national level.
    Making unrealistic pie-in-the-sky promises from both sides will not cut it this time around.


  14. @ HAMILTON HILL | January 27, 2013 at 12:05 PM |

    NO! And the man is still a stranger to the truth and protecting a crook.

    What ought to be done is to use the law via the Income Tax Act, the companies Act and the Anti-Money Laundering legislative provisions to recover some of the morally illicit gains and lucre.
    The State has the power to do it with drug dealers; why not these highway brigands of financial impropriety.


  15. i hear people say that leroy was not smart enough to run a snowcart machine. however he was smart enuff to con the giant Company CLICO and its board of directors and policyholders out of money. i belive he wouldnot be found guilty of any charges. the policyholders are going to have to suck this one up cause the giant corporations not going to give an edge ,the bipa doing a good face for the policyholders but they know it is like going up hill with buckets on their feet against collassal giants who have the money and the finances to drag this on.further more the longer it drags on the govt would not be able to intervene or form any settlement on behalf of the policyholders.


  16. “It is also interesting that you all continue to blame the Leroy Parris and the board of Clico Barbados for the problems but give the Trinidadian owner a free pass.
    Do you really think that Lawrence Duprey and his team in Trinidad would allow Parris to independently manage Clico Barbados?”

    @Hants:
    The problem is, our [then] PM assured the public that Clico [Barbados] WAS an independently-run organisation; no way connected to the ole mas that was taking place in Port-of-Spain.
    So it is really difficult now to blame those crooks in T&T! All they have to do is quote our Late PM!!!!
    and therein lies the problem


  17. Duprey has already said he just used to “find new deals and woo clients”. That he left the “management” up to his well-paid managers.


  18. Dennis the late PM was a politician.nuff said

    The Trinidadians in Port of Spain “run tings” just like the Canadian bankers in Toronto run the Canadian banks in the Caribbean.


    • Hindsight is a wonderful thing.

      Thompson should have recused himself from this matter, afterall Parris is the Godfather of his children. Any truth that Mara, Faye and Leroy have parted ways?

      BIPA is on record lamenting about the state of its finances. Coming up against deep pockets Parris, Duprey and the others?

      Not good!!!


    • @Hants

      Incorrect, the reason in one word, GREED!

      This was a private company and the Board of Directors flew largely under the radar.


    • How many people in Barbados know that now Sir Hillary Beckles and Tony Marshall were Clico directors?

      Former Chairman of the NCF was the CEO of CLICO Proman in Barbados.

      The relationship is deep.


  19. @ Hants | January 27, 2013 at 1:03 PM |

    Hants, it’s advisable you put your political sword back in its sheath.

    You will be wounded trying to defend DT or FS in regard to the clean bill of health and protective sustenance given to Leroy Parris and CLICO Barbados.

    Back off, Jack! Let the people (not the miller) on the ground and in the media tell you what really went down and is still going down in the continuing protection of Leroy and his bandits.


  20. What we could have a quasi philosophical discussion an is the composition of the Clico board. Forget Leroy Parris.

    The Board was comprised of Elite Bajan professionals and that is probably why other Elite Bajan professionals bought “Executive Premium”


  21. David wrote “This was a private company and the Board of Directors flew largely under the radar.”
    fair enough. I thought this was common knowledge.

    Old Kolij boys always have sources.lol


  22. David says it was GREED!

    Yes David but GREED is an ingredient in the formula for success in a capitalist environment.

    They gambled and they lost but I still hope they get back their money because they were “deceived”.


  23. i do not understand why bajans choose to be so gullible, why they chose to remain awake with their eyes wide shut…as usual when elections are in the air the issues that generated great havoc and lost of income are pushed into the public’s line of vision. Wait and see who will actually go before a judge, how many, if any, at all of those policyholders will receive their just reward. if they receive anything, for sure it will be to their lost, .25c to every $1.00.

    Remember HARDWOOD HOUSING? With all the that went on, prey tell me, how many of the Directors and management of Hardwood housing were taken to court? how many of those potential home owners have so far received a house for which they paid? or better yet, how many have had their funds returned to them? Where are the ‘big boys’ who was running HARWOOD HOUSING now? are they in jail? have they ever refunded those potential homeowners their monies? At that time Bajans were absolutely sure and adamant that someone was going to jail.

    Clico being sued…yeah right…


  24. Long before this action Leroy Parris should have been on remand awaiting trial. There is bound to be evidence of criminal wrong doing on his part. Banks accounts in Miami and executive decisions for his personal asvantage. Don’t only sue, charge Parris as well!


    • CLICO:how does the DLP measure the political fallout? Will they understand when they have to make the X?


  25. Wait ac, answer me if you are a real woman.

    Only yesterday,you said on BU that Freundel Stuart is a boss man, he has taken CLICO off the talking points of the BLP and shut them up. Low and behold, I now reading my SUN to see the bastard getting sue. I was a little prophetic when I told you yesterday that you aint see nothing yet!

    ac, where art thou?


  26. @miller
    “So you guys are cussing the political hand of spin and subterfuge that fed you prior to the fall of the diseased king infected with the virus of lies and cheating that ate away like a raging cancer to his deceitful character of pretense”……….

    Dont be surprised, miller, the Dems are very good at devouring their own. I ask a friend of mine who works in government about the unceremonious departure of Donna Hunte Cox from the NCF, the person said…. dont you know that the Dems devour their own.

    Hartley Henry was the kingmaker and best thing since slice bread for the DLP up until the king’s departure. They will cuss him now! It takes a special kind of person to be a Dem!


  27. prodigal so what is your point. please explain with the lawsuit how is the BLP going to use it to their advantage ,afterall the BIPA changed course inpreference for a long drawn out fight. not fS fault. bIPA was expecting that the BAJAN taxpayers would have foot the Bill for CLICO .


  28. ac,

    My point is that you were saying that FS is a boss man who had shut up the BLP from talking about CLICO. Next look the headlines. You are not political savvy at all!


  29. oh prodigal if you want to give the BLP credit for the breaking news GO AHEAD!the fact is it is only in the headlines because of the lawsuit.and nothing that the BLP said or did of recent about clico that is my point. the BLP has been too busy “callingthe election” maybe if they had their ears to the ground. they might have been first to send the smoke signals in the air but like everthing else of recent the BLP has lost track.just about everything.


    • There is absolutely nothing wrong if someone scores a debating point to say touche and move on. How does anyone know what anybody is doing? Remember MAM brought a no-confidence motion against the government although BU logs will show we did not agree with her. Hindsight is a wonderful thing.


  30. ac, i sorry my dear but you are not smart at all.

    picture this, somewhere between Jan. 29th and Feb. 29th. the BLP puts in their manifesto a solution to the policyholders and taxpayer which they could live with, what happens then? can’t the case be dropped? does it not cement in the minds of Barbadians what they already know? that Owen is a leaders and not a joker like FS?

    where you think the X going?

    you DLP people keep asking for solutions, well guess what? that time is here and i waiting to see what both manifestos wilt say and not say.

    i know it must be hurting to see the DLP destroy themselves but its just the way it has to be. everyman in the DLP is now looking to get the role of leader of the opposition. if you listen hard enough you will hear it “i’m firmly behind FS” why? because when he lose, his ass can’t come back even if he wins his seat.


  31. david not BU
    picture this, somewhere between Jan. 29th and Feb. 29th. the BLP puts in their manifesto a solution to the policyholders and taxpayer which they could live with, what happens then? can’t the case be dropped? does it not cement in the minds of Barbadians what they already know? that Owen is a leaders and not a joker like FS?

    that is a big “IF” not going to happen. asking the bajan taxpayers to pay off a debt caused by a big corporate giant with millions of dollars is risky business. bajans are smart and would see through this fraud only this time orchestrated by the BLP to score political points.even OSA must be happy that this lawsuit is filed it gets theBLP off the hook for future committment. however being the political maggot that he is would try to say that the BLP would have handle it differently but not be truthful to say by using the taxpayers money to cover the debt. a debt that even the policyholders would have to repay.


  32. @ ac | January 27, 2013 at 5:38 PM |
    ” bajans are smart and would see through this fraud..”

    Wait ac, you jumping ship too! You mean you even calling your boss man the Fumbler a pious fraud? Freundel has already committed the DLP to saddling the Bajan taxpayers to underwriting the principal component of the CLICO policyholders’ investments.

    If the DLP put any promise other than the commitment he gave to the CLICO policyholders in their manifesto they will be making Freundel look like a mock-sport liar who is not in charge and whose promises are not worth the paper the devil wipes his ass with.

    So fess now and look in the mirror and tell us who is the bigger liar.
    The lying Saint Fumble from La La integrity Land where innocent children are like anatomical dolls or teaching aids for monastic lessons in the art of lying or the lying sober Seethru from Veco Land Rum Distillery where convenient amnesia is a secret refining formulary?


    • Here is a scenario: Lawrence Duprey is seen laughing in the presence of T&T government ministers. He is even seen attending a couple government functions and constituency meetings in the presence of a close confidant of Kamala. How would Trinis react you think?


  33. MILLER
    RE The lying Saint Fumble from La La integrity Land where innocent children are like anatomical dolls or teaching aids for monastic lessons in the art of lying or the lying sober Seethru from Veco Land Rum Distillery where convenient amnesia is a secret refining formulary?

    You have to understand that Fumble attended Boys Foundation in the days of the legendary KINGO. who told stories about SWAMBOGIE LAND, where mangoes were so big that they fed the natives in a village for a week, and where the mango seeds could then be turned into a canoe.

    Perhaps now you can understand why Fumble lives in La La Land
    Sensible boys realize that KINGO was joking, and dismissed his stories as just school boy folk lore. Fumble, being less endowed with betz cells…………………well, you know the rest.


  34. @DAvid 4:09
    there has and will be fallout. Unsure how much though. What’s for sure is that if CLICO bceomes a campaign issue it will resonate with some sections of the electorate to the detriment of the DLP (social impact, individual financial impact, potential economic impact, illusions of political collusions). It was not FS’ fault but he didn’t help himself by calling LP his “friend.” We’ll have to wait and see how much the BLP push it since they have so many new and recent things to pull out of their hat.

    Don’t underestimate Hartley’s impact on 2008. That campaign would have started from the time DT came back and retained leadership. Sometimes politicians need someone else to craft a coherent flowing “story” from the outside. That’s a big key to the DLP’s win ending with the coffin nail in Haggat Hall. I’m not seeing enough of a strategy this toss hence why I figure they need as much time as possible to get in some “achievements” and platform talking points.

    Just Observing


  35. So about this Hardwood Housing … What happen to it again ..? Clyde Mascoll I remember was a big campaigner on its behalf. Next time he show heself in the public strata I gun get somebody to ask a question …

    Johnson you listening …?


    • @Anthony

      Given the recent whitewashing in tobago elections, kamla know she has her work cutout if she want her party to stay in power.

      That being the case PM Stuart should take notes from Kamla’s playbook.


    • @Prodigal Son

      Surely you are aware the CLICO business in Guyana was very small and the government was not stressed to eat it.


  36. @HH
    “I am reading BU where it has been reported that PM Stuart has shared with us a secret that has been kept better than the code to the vault of the US treasury. I am preparing to cuss Prodigal Son for his claim that my PM didn’t even know what “de damn date was till de inner circle tell he. “I just had to get the jump on AC, CCC and ! for surely my three compadres would not permit Prodigal to get away with such disrespect for a man, my man who has just created major history in Barbados”……..

    HH,
    Wow! you were actually dreaming about me……… watch it, though!


  37. David

    I only hear ’bout Donville after I got back from a business meeting (complainin’ ’bout some shite, you know how …). But while you at it Dave, you don’ have a phone in your possession …? HA HA HA. Wah wrong wid you man, call de ppl nah, the most that they could do is Ban yah …!


  38. @ BAFBFP …you gun get somebody ta ask a question? Where,pun VOB?Whatever it is you smoking save some fah me.Oh and by de way,tell dat anti america man dat nuff ah we does enjoy he calls.E does mek ya tink.


  39. HH

    Dah Anti- fella gettin’ associate with me and he gettin’ me in real trouble. Carl Moore better bite he tongue, but dese days all that needs to happen is for the wrong ppl to assume the wrong things about the wrong associations at the wrong time and presto, support dries up. HH if you are already retired this would NOT be something that you have to concern yourself with …!


  40. @ Prodigal…Remember about two years ago I told you that “There’s room at the cross for you.”Now everybody knows how come you know so much about that poster.Special breed of person,possibly?


  41. Look after all the lotta long talk on BLP, Stuart, CLICO and Hartley Henry’s strange interview ( he never predicts who wins and he says the Dees did an above average job) one question remains:
    Owen S. Arthur did you pass a note to Prime Minister Stuart begging him to take your leader who you ousted Mia Amor Mottley off your hands? A simple yes or no will suffice.


  42. You know, I just cannot wrap my head around this CLICO mess, why is it so difficult to solve. Guyana solved their problem early a clock!

    We know that Leroy Parris could not have pulled off this ponzi scheme on his own, he is not that bright, so he had to have had help and we know where that help came from. No wonder, LP could have done all he did without the directors knowledge, he was helped by the master of I will not lie, cheat or steal fame!

    The Judicial Managers are jokers, though. The best person to unravel this mess was the former PS. The dead king deliberately tied his hands to run out the time so that he could not dig as deeply as he wanted to. The dead king did not want the sordid details to come out as he knew that it would destroy him politically!

    I maintain that CLICO has a lot of assets which by now should have been sold to at least pay a few thousand of the policyholders. Next, since the JM’s have seen that LP blew millions of dollars, they are court appointed, ask the damn court to seize ALL of LP assets, the millions he have in banks. Leave him penniless like the policyholders are right now.The policyholders have been suffering for too long!

    The JM’s know what he blew the policyholders millions on, sell his assets and put this money back into the coffers for the policyholders. Then go after the dead king’s assets, they know that some of the money has been traced to DT. Seize what they can of DT’s and pay the policyholders. Then try to get the insurance part sold to the highest bidder. Simple but these educated people making it seem like climbing Mt Everest.

    DT was a 2×3 lawyer who hardly practiced law, he was a professional politician whose only ambition was to be PM of Barbados, how the hell could he have amassed so much wealth?

    By the way, when is the last time we heard a word out of Oliver Jordan’s mouth? Are they still being paid millions of out the premiums the policyholders are still paying into this black hole every month? My God!


  43. @david
    Which playbook?

    @baffy
    Nah! D brek foot come from d carnival and d rum. That was a bonus part of d story.


  44. @David | January 27, 2013 at 7:43 PM |

    @BAFBFP

    Why you did not get somebody to call Donville last week about the docs posted on BU?…….

    David,
    Did you not hear Donville on Wednesday lambasting the blogs? He said that people put all kinds of filth and lies on the blogs and facebook? How can he deny the truth?After all, you can only tell so mucha lies!


  45. David | January 27, 2013 at 8:48 PM |

    @Prodigal Son

    Surely you are aware the CLICO business in Guyana was very small and the government was not stressed to eat it.

    The CLICO judicial manager in Guyana was shot to death I think for her role. Prodigal want that for law abiding Bim. My God!


  46. ac,
    You see you?

    You are always asking where are the ideas from the BLP. I put forward some ideas and you talking tripe. You think it needs people with doctorates to solve this mess? My ideas are workable. The JM’s have the power of the court behind them.

    A group to which I belong have a lot of money in CLICO. From early on, Jeffrey Brewster was telling the group, they have buyers lined up but people wanted to buy cheap as they knew that the company was cash strapped. So there are buyers out there!

    You dont think Parris’ assets should be seized as well as the dead king’s to help recoup some of the monies the two of them burned up joy riding on a private jet at some outrageous figure per year! I well remember the dead king defending his use of this private jet in the House and refused to tell Mia how much it was costing. Now we know!

    As was his usual style, he was very sarcastic to Mia telling her he aint like her who was born with a gold spoon in her month in Sandy Lane., telling her he grew up poor in somewhere in St James. Even Richard Sealy had to correct DT and told him that Mia grew up with him in Strathclyde!

    Seize their assets, at least that money could pay back some policyholders, even June Fowler.


  47. David (not BU) you asked……
    “He went on to say he does not know who Stuart has reposed his confidence to perform in such a role. Any persons come to mind?

    The person who might be wearing the political strategist hat probably will be Reudon Eversley who recently qualified as the first Political Strategist, Strategic Communication Specialist in the Caribbean. Remember he was the DLP’s Communication Specialist in the 2008 election. He is strategically located within the ambit of the CBC in the Pine.


  48. @ Prodigal Son | January 27, 2013 at 8:42 PM |
    “The JM’s know what he blew the policyholders millions on, sell his assets and put this money back into the coffers for the policyholders. Then go after the dead king’s assets, they know that some of the money has been traced to DT. Seize what they can of DT’s and pay the policyholders. Then try to get the insurance part sold to the highest bidder.”

    They can start with the haunted beach house in Martins Bay that has remained ‘shut up’ since the timely passing of the crooked liar. This property is jointly owned by the two crooks in their wives’ name and constructed from the laundered money milked from the policyholders. But Leroy has not visited it since the death of his lover boy for which he blames himself. A Bajan version of Troilus and a male Cressida or Romeo and Julian that even David & Jonathan might have clearly identified with.

    Martins Bay has great tourism potential as a retreat for upscale retirees provided the proper infrastructure is put in place. The first thing that must be done is to call in some Catholic priests to rid the house of the ghost of David that can be seen peeking through the window with a glass of vodka in hand if you pass there during the night between 12.00 and 4.00 A.M.


  49. Those PARO ads have a certain Mode de Emploi about them and remind one of the 2008 campaign.To be sure its not Harl Hite but near there,never mind the decoy in today’s Sun newspaper.This trail hotnoass.More to come,a liar will reveal his Hidden Hand in due course.Decoys won’t cut it


  50. @David
    Thompson should have recused himself from this matter, afterall Parris is the Godfather of his children. Any truth that Mara, Faye and Leroy have parted ways?
    *******************
    How could the PM recuse himself in a matter of national import when the shit hit the proverbial fan? It would be a tall order for him or the former PM to recuse themselves in this situation, one was guilty of not providing the relevant oversight and the other one knew where the bodies were buried.

    Can you say conflict of interest?

    In this tight knit country where this a ½ degree of separation the only person who probably was not tainted by association was the custodian of Graeme Hall stud mule.


    • @Sargeant

      If you have been following this matter closely you should recall that Finance Minister Karen Nunez-Tesheira in T&T was the point person on the CLICO matter until the PNM vacated office. In Barbados Sinckler maybe? Perhaps not, he did buy(?) Parris’ hand me down Jag didn’t he.


  51. @GP
    You have to understand that Fumble attended Boys Foundation in the days of the legendary KINGO. who told stories about SWAMBOGIE LAND, where mangoes were so big that they fed the natives in a village for a week, and where the mango seeds could then be turned into a canoe
    ******************
    Stop bringing tales out of school didn’t you spend a year at BFS too? Looka here another contributor wrote that the only person who could bring sanity to this situation was the former PS and didn’t he go to BFS too? Wunna Kolig boys like Hants think yuh got all de brains but without BFS this country would be worse off by a country mile, yuh don’t want me to run down the illustrious alumni cause David ain’t got enough room.


  52. @ Sargeant | January 27, 2013 at 10:10 PM |
    “In this tight knit country where this a ½ degree of separation the only person who probably was not tainted by association was the custodian of Graeme Hall stud mule.”

    Sarge, I like that one! A stud mule! My great grand-mother had one of them.
    She used to hire it out for services to CCC’s great-grand too. Hence his presence in this World. A stud mule what an apt self-description of a beast that can’t exist.

    Maybe the beast that Freundel wrestled with at Ephesus was such an animal like the angel in Jacob’s dream.
    Wahlos, a stud mule for real!


  53. sarge
    though I went to Kolij, I Iived for 13 years in Ch Ch, and spent many happy hours with my BFS friends at sunday school at Ch Ch, and later watching cricket with ex BFS boys as members of the BCA.

    i AM NOT AT ALL RUNNING DOWN BFS OR ITS ALUMNI. I specifically said that the other normal boys knew that Kingo was joking, but that Fumble seemed not to, and probably made a swambogie land of his own.
    Note that I had the privilige and was proud to be taught in med school by the late Dr [Mr] Thomas FRCP in ENT , who was a former choir boy at CH CH CH, and the only BFS boy to win a Bdos scholarship.
    Frank Alleyne taught me Economics at UWI in the early 70″s

    But Fumble and your PS……..???????


  54. seriously prodigal! first of all Who should seize the assests . next how can assests be seized until proven in a court of law that the names you mentioned were involved in fraud . your frustration level is working in overdrive .


    • AC

      I don’t know if the name was changed in Barbados as well, but an Anton Piller order could have been obtained to prevent CLICO and its agents from destroying documents which might eventually lead to the seizure of the assets. Instead, Government allowed too much time to elapse so there might not be any evidence to convict anyone.

      Sent from my iPad


  55. @David
    My point exactly, everybody was in somebody’s pocket either they were owed a favour or they were begging for one, but this is what happens in many places particularly small Island societies it ain’t what you know it is who you know.

    Politicians like to ingratiate themselves with businessmen and vice versa, at least in the USA they get lobbyists to run interference but when the businessmen run afoul of the law the politicians’ hands are tied (at least in Bim). Paris’ Horatio Alger story is compelling (from humble beginnings to private jet), but after all the wining and dining and schmoozing what politician from either Party would be willing to push him over the edge?


  56. Sargeant wrote “Wunna Kolig boys like Hants think yuh got all de brains”

    Please don’t insult the Kolij boys like Georgie Porgie who “got all de brains” by referring to me.


  57. @ Caswell Franklyn | January 27, 2013 at 10:56 PM |

    Is that the reason Terrence Thornhill was kept on to cover the tracks of fraud and destroy the paper trail? Even up today he is still there employed by the same JM to do the dirty insider evidence demolition job.

    The Auditors should be exposed for their nasty role in all of this. A full page spread in the Financial Times, Telegraph, Guardian and Daily Mail exposing PwC’s colluding role in all of this corrupting filth and financial impropriety.

    Can’t the policyholders find a godfather in the international media to plead their case the same way three British women had to come to Barbados to seek justice for man who was accused of rape.


    • Miller

      You know that I can’t answer that question. Anything that I say here, I must be able to prove, and I have no proof.

      Sent from my iPad


  58. When they thought CEO Leroy Parris was going to make them rich they befriended him and spoke eloquently about his management abilities.

    When Clico collapsed they deserted and denigrated him.

    There is a lesson to be learned about human behaviour and GREED.


    • Hants

      I could be wrong but I don’t think that Parris was the brains behind CLICO. Beyond life support, his brain is not used for much else. I met him when both of us worked at Da Costa & Musson in 1977/78, and I would have been surprised if he could have managed a sno-cone cart.

      Sent from my iPad


  59. @GP
    Just kidding, I knew you weren’t disparaging the alumni we enjoyed those Kingo stories, little did he know that the legend would live on.

    The late Bobby Thomas (Mr. Thomas having acquired the appropriate qualification) was a legend back in the day. I had the pleasure of meeting him on a couple of occasions and I knew Sir Frank when he was a lowly elementary school teacher.

    @Hants
    You know I only brought up your name because I know that you can take a joke but everybody can’t be a GP, the world needs many OPs (ordinary people) like us.


  60. Hants | January 27, 2013 at 11:06 PM |
    Sargeant wrote “Wunna Kolig boys like Hants think yuh got all de brains”

    Please don’t insult the Kolij boys like Georgie Porgie who “got all de brains” by referring to me.

    man i aint got no lotta brains
    i probably just went to school longer
    you see when i was growing up no one taught me to buy something for 5 cents and selling it for 10-25 cents or more


  61. Georgie Porgie wrote “no one taught me to buy something for 5 cents and selling it for 10-25 cents or more”

    But you did learn how to count the $200 an hour you probably charge for your “knowledge”.lol


  62. Caswell Franklyn wrote “I would have been surprised if he could have managed a sno-cone cart.”

    Tell that to the elite educated Bajans who bought into the Clico promise of easy riches.


  63. Georgie Porgie | January 27, 2013 at 11:56 PM |
    no Hants i nused to wuk fuh de guvment.

    That is why you left so you could go and make make “real money”.


  64. One thing about Leroy Parris, he had the kind of talent that ALL CEO’s should possess … he knew how to attract money to himself and by extension the company. To my mind Vic Fernands is still number one in that department though … and the funny thing is that it does not take any great amount of formal education …! Call the man green verbs or whatever. What ever it is that he has, the BTA, NCF, BIDC and Invest Barbados could use a dose of it.


  65. Parris arrested and assets frozen? If that happens, I expect to see all the thieving lawyers and corrupt ministers imprisoned also, then i know a change will come.


  66. @ BAFBFP | January 28, 2013 at 3:11 AM |

    If there is any truth in what you say it should be viewed through the cloudy prism of the dirty game of business financing. When your analysis in distilled through that ‘blackened’ filter one must totally agree that Leroy ‘Greenverbs’ Parris is one of the smartest (if not the smartest) men ever born or lived in Barbados.

    Up to this day it still boggles the mind and befuddles the intellect how can a man with so little academic achievement or professional training from a simple cart road village in rural Barbados could have enticed so many so-called big brain Bajans into becoming suckers in one of the largest Ponzi schemes. A scheme masterminded and executed by two of the greatest con men the Caribbean ever produced to put even Madoff and Stanford to shame since both oft hem are serving life in prison and relieved of all their worldly ill-gotten gains. Not so with our two financial Jesse James and Al Capone all in one.
    Even the Carlo Ponzi himself- the Italian born godfather of the financial pyramid- must be rolling in his grave watching at how he had been outfoxed at his own game by a tricky Trinidadian and his smart ass Barbadian side kick.

    From “brilliant” lawyers, accountants and bankers to “experienced” business advisors and gurus to economists long in the tooth and sporty doctors have all been tricked into being the boardroom handmaidens of the financial devil and rubber stamping all the nasty work to insulate the masterminds from the arm of the law and to be well protected by the political party shield paid for by the same dirty money laundered from the scheme.

    HATS OFF TO LEROY PARRIS – THE BAJAN KING OF CON!


  67. It only goes to show that all the degrees in the world does not make you crafty, cunning or greedy and wealthy.


  68. Miller

    I need you to think carefully on the business model that represents banking the world over where peoples deposits are loan out to other people and the depositors are given the impression that their monies are still available in the case they have need of it; where the books would reflect that the money is still sitting in the bank and at the same time loan out to others; the fractional reserve shite that the Central Banks around the world encourage. If you have a beef with Mr Ponzi and Madoff you should have a beef with every retail banker and investment banker in the world as well


  69. Well Well | January 28, 2013 at 9:27 AM |
    It only goes to show that all the degrees in the world does not make you crafty, cunning or greedy and wealthy.

    nEVER REALLY THOUGHT THAT EARNING DEGREES WERE DESIGNED TO MAKE ONE crafty, cunning or greedy and wealthy.
    GUESSED I MISSED OUT- TOO NAIVE


  70. @ BAFBFP | January 28, 2013 at 10:38 AM

    There is no difference between Western-style capitalist banking and Ponzi scheming. Except that bankers when they steal the naïve depositors’ money for personal enrichment and big living tend to getaway with it once they were used to financially back the “right” political party.
    Whereas Ponzi schemers tend to end up in jail to appease the masses for electoral purposes; unless, of course, you are dealing with those in the Caribbean where they are really treated like respected City bankers.


  71. @miller
    “Up to this day it still boggles the mind and befuddles the intellect how can a man with so little academic achievement or professional training from a simple cart road village in rural Barbados could have enticed so many so-called big brain Bajans into becoming suckers in one of the largest Ponzi schemes”…………

    miller,
    Judging from what Caswell said earlier that in his estimation, the man did not have the intellect to run a snow cone cart, you and I can safely assume who was the real mastermind behind this ponzi scheme and both of them got very wealthy.

    If LP was making $80,000 monthly, can you imagine how much the brains was making? No wonder he never practiced at his profession!


  72. CLICO is a symptom of the age in which we live. The 7 directors who walked away with tidy sums of money are now being called to account… What is sad is that for individuals who are coming to do business in Barbados and have to be accosted with this sort of behaviour from captains of industry, lawyers (who are a law unto themselves) and dodgy politicians who allow these practices to be perpetrated in broad daylight – tarnishes the business landscape and leaves us all apprehensive about those who we are suppose to trust.


  73. @Prodigal Son | January 27, 2013 at 9:10 PM |
    “As was his usual style, he was very sarcastic to Mia telling her he aint like her who was born with a gold spoon in her month in Sandy Lane., telling her he grew up poor in somewhere in St James. Even Richard Sealy had to correct DT and told him that Mia grew up with him in Strathclyde!”

    if u are speaking about the late DT, then that was just politics talking, both Mia and David attended the very same private primary school and were friends from then, so he was probably just speaking to please the crowd.


  74. @ Miller..
    You have resorted to one of your favourite pastimes, cursing the Prime Minister, your superior in every conceivable way. We shall see how robust your stamina really is because, you know what, you are going to have to curse him FOR FIVE LONG YEARS. Good luck to you.


  75. @Just Wondering

    Now that you have gotten that belly searcher out of the way, let us begin the journey of healing which is absolutely necessary after a bruising campaign. In fact it is necessary for a few more reasons.

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