Chris McHale, F C A
Chris McHale, F C A

Chris Mchale is the one everybody loves to hate. He has been embroiled in controversy of one kind or the other in the last 20 years. One endearing quality (BU’s view) no one can deny is his willingness to take on all-comers. The latest two, PwC and FCIB in a decision handed down by Justice Olson Alleyne on 11 March 2014.

Disposal (Decision 1489 of 2012)

[69] In light of the foregoing, the preliminary issue is determined in favour of the Mr. Mchale and the application is dismissed.

[70] I will hear the parties as to costs.

More and more international companies with global brands are being taken to the law courts to defend their decisions. Three days ago PwC faced a decision by a U.S . District Court that it gave bad advice to a company to buy $6.3 billions of sovereign debt that contributed to losses – see PwC must face $1 billion lawsuit over MF Global advice. And in May FCIB announced six months results ended April 2014 it had recorded a net loss of $199 millions. Some (including Mchale) will suggest FCIB’s loss making state in the Barbados and the Caribbean is linked to bad decision making – see FIRSTCARIBBEAN INTERNATIONAL BANK LIMITED (“CIBC FIRSTCARIBBEAN”) TODAY ANNOUNCED RESULTS FOR THE SIX MONTHS ENDED APRIL 30, 2014. On a tangential note BU believes the Barbados Investors Policyholders Association (BIPA), Financial Services Commission FSC) or some other vested party should have taken PwC to the law courts to test negligence on their part.

46 responses to “Chris McHale Case No. 1489 of 2012 – First Caribbean International Bank and PricewaterhouseCoopers”


  1. […] Chris McHale Case No. 1489 of 2012 – First Caribbean International Bank and PricewaterhouseCoopers […]


  2. […] David Chris Mchale is the one everybody loves to hate. He has been embroiled in controversy of one kind […]


  3. Wow!!

  4. PLANTATION DEEDS FROM 1926TO 2014 MASSIVE FRAUD LANDTAX BILLS AND NO DEEDS, BARBADOS DLP/BLP MASSIVE PONZI FRAUD Avatar
    PLANTATION DEEDS FROM 1926TO 2014 MASSIVE FRAUD LANDTAX BILLS AND NO DEEDS, BARBADOS DLP/BLP MASSIVE PONZI FRAUD

    More Fraud to come , Better know land and land deeds, title deeds will lead you all the the Massive , leading you all to the Banks where the money was launder .There is no tile limit on going to jail with fraud, Once fraud is found the door of hell will open to take you in ,


  5. T and T Guardian and Anthony Wilson
    CIBC

    read it…..the CLICO way
    .
    http://www.guardian.co.tt/business/2014-07-20/cibc-ready-sell-fcib;


  6. On August 27th CNN reported the suspension of PWC from doing certain consulting work,by the NY Department of Financial Services.The site also carried a report that Deloitte Financial Advisory Services was suspended from accepting consulting engagements with institutions regulated by the NY Bank watchdog:-
    htpp://money.cnn.com/2014/08/18/news/companies/pwc-suspension/index.html


  7. @Gabriel and adamstraw

    What the T&T Guardian article and the CNN feedback shows is the lack of financial reporting and analysis in the region to guide public discourse.


  8. The juxtaposition of a picture of a bloodied Chris McHale suggests that the defendants in this “civil” litigation were willing to resort to violence ….

    ……. but still lost.

    Makes you think ,,,, hence I say Wow!

    What exactly were the circumstances leading to the bloodshed?


  9. all very boring.


  10. @ john
    Craig Lawrence Waterman of… PriceWaterHouse Coopers the ignorant uneducated son of the retired High Court Judge and ex Acting Chief Justice Frederick Waterman employed unlicensed “security men”……low life that you and I would call thugs… to forcibly take over McHale’s property WITHOUT THE ESSENTIAL COURT ORDER demanded by LAW!!! LAW!!! , I MEAN PERMISSION TO DO SO .
    that is called CRIMINAL TRESPASS. WHEN MCHALE RESISTED ON THE ADVICE OF HIS ATTORNEY, PWC / WATERMANS TEAM BUST UP MCHALE BREAKING HE HAND. this is how CIBCFCIB operate IN THE CARIBBEAN. YOU WANT TO KNOW WHO THE DIRECTORS AND ATTORNEYS OF CIBCFCIB ARE?


  11. Adamstraw
    Name them please


  12. and the PWC PEOPLES . NAME THEM . SHAME THEM
    AND WHY THIS WEBSITE PUT THIS SEPRATED FROM
    ” CHRIS MCHALE CONFRONTS PRICE WATERHOUSE COOPERS”?
    AND ALL THEM OTHERS AS DESERVE SHAME AN MORE SHAME


  13. Now, financial services supervision….

    Seen the note in the daily papers re the insurance company that got slapped by a High Court judge in another island for some questionable dealing?

    Makes one think that maybe the business here who had an issue with them has been wronged in the claim refusal?

    I suggest that we are seeing an increase in insurance companies refusing claim payments.

    Especially those owned by overseas entities.

    What is the FINANCIAL SERVICES SOMMISSION DOING??? to ensure that these overseas owned financial services entities and providers are doing the RIGHT THING???


  14. dem financial service commission is more file shuffle an jobs for DEM.
    same as all regularators they strings is pulled do what the bosss man say or WALK


  15. BEACON INSURANCE use to call itself Caribbean Insurance Company. CICO.
    own by Hadeed; nother camel rider out expat export from Trinidad.
    when Mchale build he Bougainvillea Resort hotel he had the builder insured by HADEED COMPANY CICO. beacon would not pay up . my boy, our boy Mchale put dem RAS IN court and won millions. Hadeed like to collect but no pay.
    WORKBENCH…..DO A FACEBOOK AN TWATTER CAMPANE….F@#K DEM. CICO COMPANY


  16. @SHEPHERDS ASS. | September 7, 2014 at 12:05 PM |

    And based on that, if so, IS THEN the FSC doing its job? Then where is the FSC??????????????????????????????????

    Paying premiums and the companies refusing to pay claims?????

    Alla dem need auditing and if necessary licenses pulled!!

  17. overseasbajanyankee Avatar
    overseasbajanyankee

    @David

    I found the decision interesting reading. We need more persons like him in thye Caribbean.


  18. MANY OF MY FRIENDS AN FAMILY WERE RUINED BY CLICO AND LOST THEIR PENSION MONIES IN ENGLAND WITH HARLEQUIN. INVESTERS IN THE CARIBBEAN IN CLICO AND BRITISH AMERICAN LOST BILLIONS DOLLARS. PRICEWATERHOUSE COOPERS WERE THE AUDITORS. WHY HAS NO LEGAL ACTION BEEN TAKEN AGAINST PRICEWATHERHOUSE COOPERS . PEOPLE SAY THEIR AUDITED BALANCE SHHETS WERE FICTITIOUS. ASSETS WERE OVERVALUED. BALANCES DUE FROM RELATED COMPANIES HAD NO VALUE. A PONZI MONEY LAUNDRY SCAM. CIBC WERE BANKERS TFOR CLICO AND BRITISH AMERICAN
    OLIVER JORDAN ANOTHER LAWYER WAS A BIG BOSS AT CIBC. DOING ALL SORTS OF BUSINESS WITH CLICO. JORDAN WENT FROM CIBC TO THE OFFICIAL MANAGER DELOITTEES. THEN WITH DAMAGE CONTROL AN COVER UP WAS DONE AND SEALED SO NO ONE KNOWS THE TRUETH JORDAN GONE TO PRICEWATERHOUSE COOPERS.. COVER UP BIG TIME
    BRIAN CLARKE QC LAWYER MEMBER OF THE LAW GROUP CLARKE AND GITTENS WHO DID CLICO WORK. WERE IS HE NOW……WHERE ELLSE BUT CIBC.
    ANDREW FERREIRA LAWYER . THIS MAN WAS A DIRECTOR OF HARLEQUIN HOTEL RESORTS; HARLEQUIN IS BIGGEST EVER PONZI SCHEME AND MONEY LAUNDRY IN ENGLAND SO WHAT DO YOU THINK ANDREW FERREIRA HE DOES FOR A LIVING TODAY NOW?….. WHERE ELLSE BUT THE LAWYER MAN IS A DIRECTOR OF CIBC OF COURSE . IF HARLEQUIN DEBTORS WANT THERE MONEY, ASK THE WEALTH MANAGEMENT AT CIBC IF THEY HOLDING SOME.
    CRAIG WATERMAN ; PRICEWATERHOUSE COOPERS AGAIN; RECEIVER ON MCHALE COMPANIY; GOOGLE http://ambergriscaye.com/forum/ubbthreads.php/topics/385286/Re_Mena_Group_of_Companies_go_.html. SEE THE SWEET BOY WATERMAN? SOMEONE CAN POST FACES OF THEM OTHERS

    BUT WHO THE BANK IS?? OUR PALS INFELATTIOING AT CIBC. WHO GETS TO BUY MENA FISH FARM……CUSTOMER OF CIBC AND PRICEWATERHOUSE IN BARBADOS. NUFF SWEET.

    CIBC; GO SWINDLE IN CANADA. MOVE


  19. @ David
    Someone pulled a fast one….
    What’s in your wallet?


  20. From: Chris Mchale [mailto:mchalechris]

    Sent: Friday, September 12, 2014 12:04 PM

    To: craig.waterman

    Cc: michael.bynoe; Stephen Jardine (stephen.jardine); Brian.Clarke; ‘Clee, David’; ‘davian.durant‘; maria.bristol

    Subject: Woodbank Investments Limited and Ice Properties Inc

    Importance: High

    MS WATERMAN 

    THE FOLLOWING EXTRACTS  FROM YOUR CORRESPONDENCE; ARE  UTTER NONSENSE.  

    “”Craig Waterman is a Licensed Trustee under the Bankruptcy and Insolvency Act CAP303  UNFORTUNATELY ANY IGNORANT ARROGANT SUSPECT CHARACTER MAY BE LICENSED AS THERE ARE NO REGULATIONS.AND WATERMAN; YOU HAVE  FULLY DOCUMENTED YOUR  TOTAL IGNORANCE AND INCOMPETENCE 

    “and was appointed as Receiver and Manager of the Companies   not so!!!. Totally incorrect.

    JUSTICE OLSEN ALLEYNE DOES NOT AGREE WITH YOU!!!!

    OTHER CONCLUSIVE EVIDENCE.. AS WITH SEC 274.!!! YOU ARE DAFT.    

    “ on August 24, 2012 and has entered into the possession of all the property,  assets and undertakings of the Companies described in clause 3 of the

    Debenture dated September 25, 2006 and the Further Charge dated September 1, 2008 made between the Companies and FirstCaribbean. EXACTLY….THE PROPERTY CHARGED INCLUDING THE UNDERTAKINGS OF THE ASSETS CHARGED; NOT  OF THE COMPANIES.

    LIKEWISE “”has entered into the possession of all the property””; REALLY?not so; PWC / CIBC IS IN UNLAWFUL POSSESSION  , TRESPASSING; WITHOUT PERMISSION OF THE COURT AS IN SEC 98 OF THE PROPERTY ACT; AND IN TRESPASS PURSUANT TO SEC 6 OF THE TRESPASS ACT. Also the Receiver has an application before the court for possession of the penthouse , an application made secretly and not divulged or served on me; …..as CIBCfcib lost the first application; the second application will also fail.   

    The Receiver acts as an agent of the Companies. WRONGFULLY ACTS ;  CGF CONFIRMED IN WRITING THAT THE RECEIVER IS AGENT OF FCIB.  BUT AS THE APPOINTMENT WAS VOID AB INITIO YOU ARE PERSONALLY LIABLE  FOR ALL LOSS AND DAMAGE.  

    Neither he nor his partners, you HAVE NO PARTNERS; DIMWIT!!!….YOU DON’T KNOW YOU ARE A DIRECTOR??…..NO HOPE…..

    APPOINT A TEN YEAR OLD….THEY MAY BE MORE  MENTALLY CAPABLE

    WATERMAN You HAVE  FELLOW  DIRECTORS; PWC EC INC IS A COMPANY.  Mr Waterman, WHOEVER…..AN attorney? THAT  wrote this GARBAGE is intellectually challenged.  

    firm, employees or  agents shall incur any personal liability howsoever arising from his actions or under or in connection with any deed or other document or

    agreement entered into on behalf of Woodbank Investments Limited and Ice  Properties Inc. pursuant to or in connection with his appointment or the  performance of his duties as Receiver and Manager. In particular (but without prejudice to the generality of the foregoing) no such personal liability shall arise by virtue of either Section 10H(a) of the Bankruptcy  and Insolvency Act CAP303 TOTALLY IRRELEVANT AND DOES NOT APPLY;

    or Section  284(1)(a) of the Companies Act CAP308. WHICH SAID SEC 284(1)(a)  ONLY applies where a receiver was appointed under sec 274 (3) ; appointment under sec 274 was impossible as such  is specifically excluded by sec 253 and 254. AND ONLY APPLIES TO COMPANIES……….TOTAL DIMWIT!!! 

    LIABILITY FOR NEGLIGENCE CANNOT BE AVOIDED. THOSE ACTS, CAP 303 AND 308  ARE NOT APPLICABLE. YOU CANT READ??”” 

    You are well aware that the appointment of C L Waterman andof PWC EC Inc,“the Receiver” was not made in accordance  with the Property Act CAP 236, other law,  or the terms of the Debenture Mortgage;   and therefore C L Waterman  andof PWC EC Inc “the receiver” is unlawfully appointed Receiver.

    The Receiver  continues to trespass daily. In writing to you I do not accept that you are the duly appointed agent or representative of the  Receiver. Further, the Receiver was appointed over the charged assets; not the companies.  

    WITH NO SYMPATHY. GO TO SAIL ROCK.

     

    C A McHale FCA  JP.

  21. overseasbajanyankee Avatar
    overseasbajanyankee

    Mr. McHale has balls that all I can say.


  22. QUESTION: HOW MUCH MONEY DOES MCHALE OWE CIBC?


  23. ANSWER: HUNDREDS, THOUSANDS, MILLIONS OR MORE?


  24. POWER IS NOTNHING WITHOUT CONTROL….

    “Give me control over a nations currency, and I care not who makes its laws.” – Baron M.A. Rothschild.

    http://humansarefree.com/2013/11/complete-list-of-banks-ownedcontrolled.html?m=0

    And yes – ” Rothschild’s ” own the Barbados Central Bank.


  25. overseasbajanyankee
    not balls so much as a hardened thief.


  26. @ Postage paid
    A sad realisation – ” life is a little above people’s comprehension.”

    ” The Rothschild family – $700 trillion (if wealth was equal, everyone would be worth a million)
    ‎”The Rothschilds can start or prevent wars. Their word could make or break empires”
    -Chicago Evening American 12-3-1923

    The Rothschild family is estimated to be worth at least 500 trillion dollars today
    and some estimates over 900 trillion dollars.

    Let’s say it is the average estimate (700 trillion)

    If we divide their 700 Trillion by the population of planet earth (7 Billion),
    each person on the planet would have $100,000 additional to what they have…

    If we divided the top 10 peoples wealth we’d all be very close to millionaires,
    while they could all stay trillionaires

    Just something to think about…

    Money is an illusion, it is a form of control in a controlled system.
    Money needs to be rid of, because it has no meaning, only control in an illusion.

    ‎”If a nation expects to be both ignorant and free, in a state of civilization, it expects what never was and never will be.” Thomas Jefferson

    what happened to the good old days, when people bartered, and, jails were NOT necessary

    did you know, native americans & first nations people
    – NEVER had the need for money,
    although they did utilize trade beads to keep some scores, something introduced to them, from the europeans

    and, they NEVER had any jails – they learned themselves, how to police themselves

    in usa/us/america – there are approx. 1 in every 120 people involved in the jail system (and, that does NOT include the employees)

    seems that jail and war, are HUGE businesses, where few profit, and, many lose everything.”
    What’s in your wallet…..


  27. The simple fact that anyone with an opinion could qualify to be a polititian accounts for most of BU’s blog traffic – minus the fact that – those who can’t do – teach. Are your “piers” trying to teach you – limit or compete with you..??
    Sounds like a lot of commentators on say a football match – very few are experts at the sport, the are simply have a running opinion on the game.
    It would help, if they all made predictions of outcomes.
    “If you can’t do teach…..”


  28. Things that make you go hmmmm. What are the chances that such a big up firm Clarke Git….. would have their knuckles rapped on such a simple point? What are the chances that a former partner and brother to a current partner at said big -up firm is the General Counsel for the losing bank? Isn’t that some sort of nepotism? Wonder how much the bank paid for such a spectacular fail?


  29. WHAPAX

    in dollars??…….or with reputations?

  30. Debt Collector Avatar

    Anyone knowing the whereabouts of Christopher McHale is asked to please get into contact with edghillrichard@hotmail.com.


  31. Has he left string of bad debts?


  32. it is said that McHaley has made a fortune from the errors of First Caribbean.
    part of the settlement is CIBC must change their name to “LAST CARIBBEAN” .
    RIK PARKHILL been fired already, Brian Clarke is on the way out; David Clee been sent to Poland.
    Gowlings Toronto disgraced;
    Omari Drakes and Ramon Alleyne both Do Little Party senior members / fixers aksed to leave Clarke and Gittens and Farmer.
    Forensick team from Toronto doing full report for main board of Directors.


  33. I dont follow this; the decision in March 2014 was in Mchale’s favour, but my friends in Barbados tell me that PWC and CIBC recently evicted Mchale from his home at Ocean Reef. Can someone explain


  34. The answer is FORGERY done by CIBC…..again


  35. Forgery? Of what? Who did it? Isn’t that criminal? Explanation please?

  36. live on da beach Avatar

    WATERMAN BEEN FIRED FROM PRICEWATERHOUSE COOPERS PWC IN BARBADOS. HE WERE FIRED COS HIM AND RAMON ALLEYNE AN OMARI DRAKES WID FORGED THE APPOINTMENT AGRREMENT . HE WERE FIRED COS HIM AND RAMON ALLEYNE AN OMARI DRAKES FORGE THE APPOINMENT AGREEMENT . I SEEN IT. HE GONE TO KPMG . I GUESS AS THEY DOES DO GOVMENT AUDIT WORK DEY DOES NEED SOME REAL BIG ASS FORGER WID DEM AS WELL. HE FADDER WAS THE CHIEF JUSTICE OLD MAN FRED WATERMAN.

    YUALL REMEMBER LINCOLN WATERMAN WAS A THIF MAN 40 YER GONE THE AND THE WATERMAN THEY DID CATCH AT SOME RESTRAUJNT THIEFING THE STORES.

    WATERMAN . THEN ANUDDER WATERMAN IS DE BIG BOSS AT THE FREEMASONS LODGE BY SALTERS; FELLA VASHTI WATERMAN

    THE IDYUTS APPOINTED PWC AND WATERMAN TO BE he RECEIVER WITH NOT ENUF NOTICE AS THE LAW SAID. PREMATURE IS DE WORD

    THE IDYUTS AT WORST CARIBBEAN BANK APPOINTED PWC AND WATERMAN TO BE RECEIVER WITH NOT ENUF NOTICE AS LEGALY DUE…….
    BUT LAFF AT THIS ONE NOW. DEM DUMB FECKS DID WRITE THE AGREEMENT WID ALL THE FINE LEGAL EXPRESSIONS AND ALL THE HERE SO FAR AN TING

    BUT BUT BUT BUT
    THEM APPOINT WATERMAN AND PWC PRICEWATERHOUSE WITH THE LAW AS IN BELIZE!!!! HOW Y’ALL LIKE THAT!

    …..BUT LAFF AT THIS HEAR.
    SO, BEING REAL DUMBER THAN DUMB MY LEGAL FRIEND

    ONE DEM DUMB CLOWNS DID WRITE THE AGREEMENT WID ALL THE FINE LEGAL EXPRESSIONS AND ALL THE HEREIN SO FAR AS AN TING

    BUT BUT BUT BUT WAIT FA THIS NOW BUT BUT

    DEM APPOINT WATERMAN AND PWC PRICEWATERHOUSE WITH THE LAW AS IS IN BELIZE!!!! BELIZE.
    DEY PASTED CUT

    SO, BEING REAL DUMBER THAN DUMB MY LEGAL FRIENDS TELL ME THEY TEK THE BAD PAGES OUTA THE DEED AN PUT THE PAGES THRU THE WORD PROCESSOR
    an change it all up so it now say the Barbados laws. Ya like that ?

    MCHALE; MY GOOD IRISH MAN. AN FRIEND. YOU GO LOCK THOSE SONS A SHIT BITCHES UP AN THROW DE KEY IN THE SEWAGE PLANT

    TAKE DEM PAPERS TO THE CHIEF COP ; TEK THEM TO MIA MOTTLEY AND ADRIEL BRATHWAITE…….I TELL MCHALE FORGERY IS LIFE SENTENCE FOR THE CIBC DIRECTORS. THEY WUZ IN THE KNOW. YOU CAN BELIEVE THAT?.
    AND WATERMAN real close to SOME A THE BIG BOYS at FIRST CARIBBEAN INTERNATIONAL WANK.

    NEX TO BE JOB HUNT WILL BE DRAKES AN ALLEYNE.

    KPMG GOTTA BE DESPRET TO TEK WATERMAN


  37. The rantings of full-blown lunacy.
    McHale was evicted a few weeks back after Justice Randall Worrell granted CIBC and its agents PwC and Clarke Gittens Farmer permission to enter the penthouse at Ocean Reef, remove him from the premises and take possession of the penthouse thereby allowing CIBC to complete the foreclosure for this financially distressed loan/property.
    CIBC and its agents having secured possession of the property have appointed Terra Caribbean to dispose of the property by a formal legal bidding procedure.


  38. McHale and his company WOODBANK(RUPTCY) INVESTMENTS LIMITED borrowed Barbados $20 MILLION DOLLARS from CIBC in 2006/07 and has never so much as repaid them a single cent. He and WOODBANK(RUPTCY) INVESTMENTS LIMITED has 20 million reasons why he thinks that CIBC actually owe HIM money and why he does not have to repay the $20 MILLION DOLLARS.


  39. A mean spirited and bad minded person who suffered from bouts of severe mental illness has committed financial suicide and is looking for someone to blame, anyone except himself.


  40. WILLIE IS A WANKER CALLED ANTHONY DA SILVA


  41. ANTHONY KNOWS ALL ABOUT MENTAL ILLNESS.
    COCAINE WILL DO THAT TO PEEPS


  42. Bankruptcy is a legal status of a person or other entity that cannot repay the debts it owes to creditors. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor


  43. Did any of you read the decision attached?! I just read for firs time. Look at clause 4 an Clause 5. You see what Justice Alleyne say?
    He says about the PURPORTED APPOINTMENT of CRAIG WATERMAN!! See!! That means to me that Justice WORRELL has an issue with the APPOINTMENT….all the other stuff about the wrong form is not revelant. Waterman thought all along he was the Company receiver and he wasn’t: not according to Justice Alleyne who says he is NOT receiver of the COMPANY. You see that in. Clause 51 to 55. So if Waterman was only a PURPORTED receiver…..meaning he not a receiver at ALL….can a brain explain to me why or how Justice Worrell can decide the opposite Justice Alleyne. If Alleyne say Waterman is only a purported receiver you can’t have a judge later on give a decision that contra to to the other…..tell me how!


  44. Because Waterman tink he apointed by the Company act! That is why PWC kick he ass to KPMG…
    And KPMG gonna kick he ass too soon….maybe an get a job @ FCIB…..dey got nuf clowns

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