British Columbia Investment Management Corporation

British Columbia Investment Management Corporation (BCIMC) claims to be a model corporate citizen following ethical principles in its business dealings but there is emerging evidence BCIMC may be a criminal organization that terrorizes law abiding citizens in order to take over their property.

The story of how BCIMC secretly conspired to take over the property of Pacific Rim Resort owned by the English family reveals a network controlled by BCIMC stretching from Victoria, British Columbia, to Atlanta, Georgia.

The campaign of terrorism included, firebombing, vandalism, death threats, abuse of municipal power, abuse of government power, obstruction of justice, and attempted murder as part of a conspiracy to acquire private property at fire sale prices. All investors in British Columbia need to be aware of these tactics by Government agencies.

There is an ancient legal maxim: "He who profits most from a crime is the one most likely to have committed it"

The available evidence shows that crimes were committed and that BCIMC, along with its subsidiary Parkbridge Lifestyle Communities Inc. (Parkbridge), and the Government of British Columbia benefitted so, in the Editors opinion, the logical conclusion, at this time, is that the Government of British Columbia, BCIMC and Parkbridge committed the crimes. But we will let you the reader be the judge. Please complete online opinion poll in right hand column.

Friday, September 6, 2013

Is BCIMC Broke? Are Civi Service Pensions At Risk? The Secret Desperation Behind The Gangsterism That Benefited BCIMC

Desperate times + desperate crimes = Doug Pearce + BCIMC.

Many financial crimes are motivated by financial desperation. 

There is now reason to believe that British Columbia Investment Management Corporation (BCIMC) engineered the criminal conspiracy to loot the lands of the Pacific Rim Resort property because Doug Pearce, the long standing CEO, knows the desperate financial position of BCIMC and he also knows that British Columbia civil service and political pensions are in serious financial trouble.

This would also explain why Doug Pearce announced that he would be retiring shortly after this blog published the mechanics of the next steps in the swindle of taxpayers money that the Editors believe was being planned by BCIMC as the criminal conspiracy against the Pacific Rim Resort property moves into phase two

If our Editors are correct, Pearce and other insiders now realize that Ottawa's Departments of Finance and Aboriginal Affairs are unlikely to provide BCIMC with a huge cash infusion as part of a Native Land Claim settlement with the Tla-o-qui-aht First Nations.

The Tla-o-qui-aht First Nations now realize that they have been drawn into a criminal conspiracy and that any land claim settlement that included the Pacific Rim Resort property could be set aside in a future court action by Jack English, his children or even his grandchildren.  

Title to property acquired by fraud is not clear title and the Tla-o-qui-aht First Nations would be incredibly stupid to accept property that they would surely lose in a later court battle. 

In the Editors opinion Doug Pearce is on the run.  This blog was set up six weeks ago to expose BCIMC corruption and, last week, after over 25 years as the man in charge, he announced he would be resigning.

But Pearce is not the only issue with BCIMC.  KPMG, the long time auditor of BCIMC, is well known for carrying out massive financial frauds and recently paid a fine of $450 million so 17 senior executives could avoid going to jail for a very long time. 

Click her for more on KPMG corruption.

For years, BCIMC, with the assistance of KPMG, has been publishing unaudited financial statements of its investment inventory

Click here to visit 2012 "unaudited" statement of pension inventories published by BCIMC. 

This means that the investment inventory has not been audited by an independent, third party, credible agency so there is no guarantee the investments are there to back up the pensions they are supposed to support.  

Civil servants and the politicians who hope to rely on the pensions plans invested and managed by BCIMC are basically relying on the word and credibility of Doug Pearce and his senior management team who have now been linked to a massive criminal conspiracy

Simply put, the published financial statements of BCIMC and the security of public service pensions plans are at risk. 

Although annual financial statements (which do not include the inventories) are supposedly audited KPMG is the auditor and KPMG admits it heavily relies on BCIMC management team in the preparation of the those reports.  

Could the published financial statements of BCIMC be one massive fraud?  .....YES.

Has the Government of British Columbia ever lied before?  ......YES.

Has BCIMC been involved in a criminal conspiracy against Pacific Rim Resort?  ......YES.

Have KPMG executives ever been indicted?  YES, 17 of them in 2007

Did Doug Pearce suddenly announced he was jumping ship (resigning) when these crimes at Pacific Rim Resort were exposed? ...... YES.

So, if the Editors of this blog are right, as they have been ever since this blog was first published, the Victoria City Police and the other police forces in this province (BC), who regularly visit this blog, are in for a BIG SHOCK when they wake up, look around, and find that their pension plans not as rich as they hoped they would be while Doug Pearce and his management team have quietly left town, left the province and left Canada.

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