Citizens United Against British Columbia Investment Management Corporation (BCIMC): Is BCIMC Broke? Are Civi Service Pensions At Risk? The Secret Desperation Behind The Gangsterism That Benefited BCIMC

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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Pacific Rim Beach Front

Appraisers valued the property at close to $60 million. Scroll down to read two appraisal letters dated May 2011 that were summary letters for professional appraisal reports prepred for court proceedings but the property was sold for $16 million to Parkbridge after Mission Creek and Parkbridge colluded to effectively keep the property off the market. Legal scholars believe that the collusion amounted to obstruction of justice which is a Criminal Offence under section 139 of Canada's Criminal Code. Will Parkbridge and its officers go to jail?

Blaming the Natives - A Stupid and Racist Tactic

The terrorist attacks on the English family property Pacific Rim Resort were carefully carried out and the terrorists painted Native Indian symbols on the poles in an obvious, but painfully dumb, expectation that people would blame Native activists for carrying out the attacks.

This is a common tactic by certain insider groups in British Columbia but the people are no longer fooled by such divide and conquer tactics.

There are two key problems with the malicious attempt to throw suspicion on the Natives.

1. Natives in British Columbia and, in particular, in the Tofino region of Vancouver Island have consistently refused to use violence in their campaign to re-acquire title to their lands and, in all of their claims, they have acknowledged the equity of non-native title owners.

2. The English family have enjoyed hospitable and friendly relations with the local Native community.

Key Arson Suspects

These two young men were found in the office buiilding after the fire. The RCMP refused to take them in for questionning or fingerprinting. They may be from the Comox Valley. Readers are asked to contact pacificrimresort@hotmail.com with information about their identity and links to BCIMC, BC Hydro or others alleged to be part of the attacks on the English family. The lives of these young men may be at serious risk because, if involved, the masterminds behind the attacks on the English family may murder them to cover up.

Reid Pearce - son of Doug

Reid Pearce and his father, Doug Pearce, were seen by a witness skulking around the Pacific Rim Resort property. According to online reports, Reid Pearce studies finance and real estate at UBC and he is a Finance Department intern with Bentall Kennedy a company partly owned by BCIMC. Does Doug Pearce teache his son about hostile takeovers using violence, arson and terrorism? Why was Reid Pearce with his father and the real estate agent on the Pacific Rim Resort property? Reid is also a keen surfer and is regularly seen in the Tofino area.

Cheryl Yaremko - Conflict of Interest

Cheryl Yaremko is on the Board of Directors of BCIMC and she is the Chief Financial Officers of BC Hydro. She is in a conflict of interest because, in our opinion, by refusing to settle the legitimate claims by Jack English against of BC Hydro, Cheryl is assisting to confer illegal profits on her pension plan managed by BCIMC. Ms. Yaremko has not responded to our reporters questions about her role in the terrorism and financial destruction at Pacific Rim Resort. The usual rule in civil litigation is that silence = guilt.

Why BC Hydro Chief Financial Officer Cheryl Yaremko is breaching her ethics code

BC Hydro Chief Financial Officer, Cheryl Yaremko, is in breach of the BC Hydro Code of Conduct conflict of interest provisions as follows:

"No Employee or Director should hold a substantial private interest, directly or indirectly, through a relative, friend or associate, or hold or accept a position as an officer or director, in an entity where by virtue of his or her position in BC Hydro the Director or Employee could in any way benefit the entity by influencing the decisions of BC Hydro."

The continuing decision by BC Hydro refusing to pay its legitimate bills and repair damage it did to property owned by the English family companies is conferring a continuing benefit on BCIMC - the entity - where Yaremko is a Board member.

Will the cowardly Dan Doyle Go To Jail?

Dan Doyle was Chairman of BC Hydro when BC Hydro employees smashed down the locked gate on the English family lands near Tofino on Vancouver Island and broke the access bridge.

The BC Hydro Employees were obviously operating on orders from above and Dan Doyle may have given those orders.

Under Dan Doyle BC Hydro initially agreed to make good on its damages and in fact it lured Jack English into what now appears to have been a "bait and switch strategy" leaving Jack English in a position where he was unable to fight the conspiracy to take over his property.

Dan Doyle tried to portray himself as a nice guy but then, under his leadership, BC Hydro refused to pay its debts and refused to fix the bridge it broke and now it is dragging out the case in the courts hoping Jack English will go away or die.

This is a common strategy by the BC Government and is one reason why British Columbia is not a safe place to invest.

The Bridge Was Destroyed By BC Hydro

It sure looks like it was deliberate. BC Hydro appeared without any notice, ignored no trespassing signs, smashed down a locked gate, and broke the bridge that had been in place for over 30 years. They were trying to sneak away without telling anyone when Jack English showed up. Dan Doyle from BC Hydro promised to replace the bridge and pay costs incurred by Jack English but never did. BC Hydro delayed, delayed, delayed, and delayed and BCIMC benefited and Dan Doyle is now Chief of Staff to Premier Christy Clark and he refuses to return telephone calls or meet Jack English and he is hiding behind the skirts of his woman Premier like the coward that he is.