Here is an update on the matter of Barry and Barbara Dueck detailed in two previous BU blogs – Blogmaster

Here is the true story of what happened between B Dueck and Jean Delangis .

B Dueck was operating CEO Wealth Management Inc without any FSC permit to manage portfolios on behalf of Barbadian citizens like me and others.

Unfortunately for me,the legal system in Barbados is very fragile.
I had no choice but to move my business elsewhere. I was very fortunate not to give him access to another 30M usd Bank account at CIBC as per requested by him……

Here is one of his email to me 01/30/2014

Hi Jean,

I did not get around to wiring money to the bank yesterday as I was focussed on risk management. I would recommend that we do not move any cash for at least two weeks until this Natgas volatility subsides a little. It is only wise to leave a lot of margin room in case of a volatility spike. I do recognize that we have a lot of margin room currently but I think that it is wise to leave a very wide margin in case volatility spikes even higher in natgas or ES. In the middle of last year, the maintenance margin spiked to approximately 27 million. I am very pleased that in spike of the massive volatility increase in natgas and VIX hitting 18, our Oxy MMR has only increased to 12 million. I think that shows we are on the right track on risk management.

In light of the fact that I want to do an in-depth analysis of 2013 and come to some sort of understanding, I think it would be wise to not move anything too quickly. 

Please advise.

Regards
Barry

Barry Dueck
President, P. Eng. CIM

CEO Wealth Management Inc
Suite E, Port St Charles
St Peter, Barbados
Tel (246) 439 2224
VoIP (204) 480 7481
Fax (246) 439 2050
bcdueck@gmail.com

Here is another email dated 03/20/2014. He was using my money for his own trading.

Hi Jean,

That was what I understood and that is why I was confused and asked you for clarification. I obviously misunderstood. ES options expire tomorrow and the rest on either the 25th or 26th. I will wire to my bank and then on to Oxy as soon as the options expire.

Regards
Barry
Barry Dueck
President
CEO Wealth Management Inc
Cell 836 1922
Office 439 2224
Sent from Barry’s iPhone

On Mar 20, 2014, at 8:59 PM, Jean Delangis wrote:

Barry;

Before sending you my last email I should have made it clear that I do not agree with your statement that we have agree to anything else than that overcharges have to be paid this month.

2014-03-20 15:45 GMT-04:00 CEO Wealth Management :

Dear Jean,

I realize you are very busy training. I hope it is going well. I would love to hear how it is going and how you like the new airplane in a simulator.

I received an email from Michel asking me to repay the performance fees immediately. I was under the understanding that we had agreed at our last meeting at St Peters that we would get together when you get back to Barbados to discuss your business strategy. If at that point we agreed to go forward, we would then address the issue of the performance bonus and decide how to handle it to ensure it did not cause undue duress. Please let me know if that was your understanding as well.

Regards
Barry

Barry Dueck
President, P. Eng. CIM

CEO Wealth Management Inc
Suite E, Port St Charles
St Peter, Barbados
Tel (246) 439 2224
VoIP (204) 480 7481
Fax (246) 439 2050
Good day,

Thanks for the info but I don’t reconcile with RJO statements.

Here’s my request.
On Sept 23, 2 withdraws were made from RJO account 116 
The first withdraw amounted to 150 000$ and the second one amounted to 75 000$. On the bank statement you sent, I just see the second withdraw.
Please send me the Sept bank statement indicating were the 150 000$ amount was deposited.

Thanks for your support.

Michel Vallée, CPA, CA

Then I fired CEO wealth Management/Barry Dueck after a few millions losses.