| "HOUSTON V. HOUSTON ET AL." CONTINUED |
$56,000.00 STOLEN -- EVERY MONTH!
When a million dollars worth of capital in your brokerage accounts is liquidated and then paid out to
third parties for no apparent reason there's going to be a stack of evidence to report to the
authorities. There'll be plenty of proof of the fraud, proof like transaction confirmations for the sale
of each security and account statements showing the payoffs. Then if this is the second million
you've lost under similar circumstances, well, you'll be filing evidence with the cops and the
regulators for the rest of your life.
In 2001 an account I opened for a company I was managing called Cedar Grove Holdings Inc. at
TD Canada Trust was handed over to the control of my sister by the bank. I wasn't consulted by
TD Canada Trust, there was no paperwork of any kind to support TD Canada Trust's actions, no
court order, nothing. My sister simply asked for the account and the bank gave it to her.
Then in 2002 all the assets I administered in the TD Bank Financial Group (TD Waterhouse
Discount Brokerage and TD Canada Trust) accounts of Powell River Investments Ltd. and Alco
Enterprises Ltd. were flushed out of the accounts without explanation. Everything disappeared.
The TD Waterhouse securities were funneled, in kind, to the Comox, BC branch of BMO Nesbitt
Burns Inc. A BMO Nesbitt Burns investment advisor by the name of Mark Purcell was behind this
sudden incursion on my wealth. When PwC was appointed receiver in the lawsuit I wrote them a
letter and demanded that the assets be relocated back to TD Waterhouse. PwC had been appointed
receiver by the court, yes. However, BMO Nesbitt Burns had no reason to have possession of the
assets. The securities had been transferred there under shady circumstances. PwC instead chose to
leave the securities right where they were. Complicating things further, BMO Nesbitt Burns was
sending copies of all correspondence relating to the accounts to the attention of my father even after
PwC had taken over management of the companies.
BMO Nesbitt Burns role in the financial services community as a player that assists the mob in
money laundering transactions has become apparent in my dealings with them. Other banks may be
willing to do shady transactions for scam artists too but BMO Financial Group is really obvious
about it.
In February 2002 I deposited and invested approximately $90,000.00 with the Squamish, BC
branch of Bank of Montreal on behalf of Alco Enterprises Ltd. Most of the money was invested in
a mutual fund account, however some cash was deposited into a business account.
Somehow a Powell River, BC lawyer named Shirley E. Giroday (who happens to be an
ex-provincial court judge), claiming she was acting on behalf of my mentally infirm father, became
aware I deposited money at the Squamish branch of Bank of Montreal. It's still a mystery to me
how Shirley E. Giroday knew where I was doing my banking. But she found out. After she
discovered I was banking at the branch and had deposited money there the lawyer made inquiries
with the branch asking what would be required for her to move the funds elsewhere. Instead of
telling the lawyer it was none of her business, that the money in the accounts belonged to a client
and it's illegal for the accounts to be accessed or tampered with by a third party, Madelaine Snell,
financial services manager at Bank of Montreal, made a personal decision to assist the lawyer. The
client, the depositor of the funds, was instantly abandoned. Madelaine Snell's discussions with
Shirley E. Giroday were done very quietly; Bank of Montreal made no effort to warn me of the
grim criminal event that was about to take place.
On July 10, 2002 Madelaine Snell replied to Giroday in a letter. Snell's reply consisted of written
instructions explaining what the bank would need to cover itself should the client receive his monthly
statements and show up at the branch wondering why his bank accounts had been emptied. To
transfer the money out, Snell told Giroday in the letter, it would take nothing more than something
called an "indemnity." Simple as that. An indemnity. In the letter Snell was very supportive and
helpful. Madelaine Snell informed the lawyer I had not opened any other accounts at the branch
and she was even kind enough to provide Giroday with the current balances of the two accounts I
opened, right down to the exact penny. Madelaine Snell told Giroday that the accounts contained
balances amounting to a total of $84,548.93. This substantial amount of money provided Shirley E.
Giroday incentive and motive to quickly make a play to take possession of the money.
Madelaine Snell had no legal right or authority to disclose the disposition of the accounts to Shirley
E. Giroday. Snell had no legal right whatsoever to discuss the accounts with any third party, Shirley
E. Giroday included.
Five days later, on July 15, 2002, Shirley E. Giroday wrote to Madelaine Snell and provided her
with the "indemnity." Then on July 22, 2002 Shirley E. Giroday contacted the branch and closed
the business current account and the mutual fund account. Shirley E. Giroday had the accounts I
opened for my company closed. Bank of Montreal, on the instructions of Shirley E. Giroday,
liquidated the corporate capital held in the mutual fund account and had Bank of Montreal pay her
the cash proceeds. The lawyer flushed out the accounts. This was done without my knowledge or
consent.
Bank of Montreal has subsequently told me Shirley E. Giroday employed a court order to facilitate
the theft of the capital. Bank of Montreal's law department in Toronto, Ontario mailed me a court
order obtained by Carey D. Veinotte of the Vancouver law firm Taylor Veinotte Sullivan before
Justice Grant D. Burnyeat on January 28, 2002 in the Supreme Court of British Columbia in
Vancouver. Bank of Montreal claimed Shirley E. Giroday told Madelaine Snell the Burnyeat court
order gave her authority to take action with respect to the affairs and assets of Alco Enterprises Ltd.
However, in the correspondence between Shirley E. Giroday and Madelaine Snell there is no talk
of a court order. It's not mentioned anywhere. Madelaine Snell did not ask Giroday for any court
order. All Madelaine Snell requested of Shirley E. Giroday was something called an indemnity and
somehow this thing called an indemnity would give Giroday authority to access and clean out bank
accounts that do not belong to her.
Even if Shirley E. Giroday had used the court order to get her hands on the cash, upon reading the
January 28, 2002 court order pronounced by Justice Burnyeat anyone can see that it does not give
Shirley E. Giroday authority in any way whatsoever to take action with respect to Alco Enterprises
Ltd. Shirley E. Giroday's name is not on the order anywhere. Shirley E. Giroday had no legal right
or authority to access those accounts. She is not and never has been a director, officer or employee
of Alco Enterprises Ltd., nor has she ever had signing authority on any Alco Enterprises Ltd. bank
or mutual fund accounts. And she did not have a power of attorney with respect to the affairs of
my father Scot G. Houston. If she could legally use the court order, as alleged by Bank of
Montreal, why would she also need to provide an indemnity? Bank of Montreal's explanation
doesn't make any legal sense. Clearly this conduct denotes the commission of a crime. Shirley E.
Giroday's removal of the funds I deposited at the Squamish branch of Bank of Montreal amounts to
criminal fraud. I have never heard of a bank requesting an indemnity against fraud. There is no
such thing.
In the several years that have transpired since PricewaterhouseCoopers was appointed to manage
Alco Enterprises Ltd., PwC has made no mention of the funds stolen from Bank of Montreal by
Shirley E. Giroday and Madelaine Snell.
On April 1, 2003 Robert W. Taylor received a judgment for PricewaterhouseCoopers from Justice
Grant D. Burnyeat ordering the sale of securities in the two company accounts at BMO Nesbitt
Burns. This order was as close to following compliant legal procedure when handling our company
assets as PwC ever got. Since PwC didn't appear in court for the application, the judgment can
hardly be considered lawful. Laughable, but not lawful. Although Burnyeat ordered the sale of
securities in his judgment, he didn't grant a payment of the proceeds to PwC. Regardless, the
securities were sold and BMO Nesbitt Burns made two payoffs with the proceeds to
PricewaterhouseCoopers amounting to a total of $130,000.00. These transactions add up to a bribe
to PwC from Taylor and the Attorney General of British Columbia.
And in August 2003 PwC received an unexplained payoff of $31,000.00 from BMO Nesbitt Burns
from an account of a company in receivership. There was no attempt at legal justification for this
transaction, no bogus court order this time around. More contempt, more fraud, more money
laundering, more breach of trust.
I moved in with my father in October 2005. The lawsuit the companies were named in as
respondents had expired October 1. The suit was finished, it was over. PwC was facing potential
discharge by the court. Proving that PwC's Vancouver office is a front for organized crime, PwC
took a chance on a quick money-grab and made a play for some easy cash before it was too late.
On November 14, 2005 BMO Nesbitt Burns completely liquidated the account of Powell River
Investments Ltd. and, apart from about seventy dollars, proceeds amounting to $787,169.07 were
mailed out in the form of a cheque made payable to PricewaterhouseCoopers. My dad and I were
informed of these illegal transactions when the November 2005 account statements and transaction
confirmations for the sale of seventeen blocks of securities were mailed to our home. Oddly, we
were mailed a letter from PwC to the attention of Powell River Investments containing a BMO
Nesbitt Burns cheque made payable to Powell River Investments Ltd. for the remaining seventy
dollars. The message from PricewaterhouseCoopers was this: Seven hundred and eighty-seven
grand for us - seventy bucks for the suckers.
And we couldn't cash the cheque if we wanted to!
When a million dollars worth of capital in your brokerage accounts is liquidated and then paid out to
third parties for no apparent reason there's going to be a stack of evidence to report to the
authorities. There'll be plenty of proof of the fraud, proof like transaction confirmations for the sale
of each security and account statements showing the payoffs. Then if this is the second million
you've lost under similar circumstances, well, you'll be filing evidence with the cops and the
regulators for the rest of your life.
In 2001 an account I opened for a company I was managing called Cedar Grove Holdings Inc. at
TD Canada Trust was handed over to the control of my sister by the bank. I wasn't consulted by
TD Canada Trust, there was no paperwork of any kind to support TD Canada Trust's actions, no
court order, nothing. My sister simply asked for the account and the bank gave it to her.
Then in 2002 all the assets I administered in the TD Bank Financial Group (TD Waterhouse
Discount Brokerage and TD Canada Trust) accounts of Powell River Investments Ltd. and Alco
Enterprises Ltd. were flushed out of the accounts without explanation. Everything disappeared.
The TD Waterhouse securities were funneled, in kind, to the Comox, BC branch of BMO Nesbitt
Burns Inc. A BMO Nesbitt Burns investment advisor by the name of Mark Purcell was behind this
sudden incursion on my wealth. When PwC was appointed receiver in the lawsuit I wrote them a
letter and demanded that the assets be relocated back to TD Waterhouse. PwC had been appointed
receiver by the court, yes. However, BMO Nesbitt Burns had no reason to have possession of the
assets. The securities had been transferred there under shady circumstances. PwC instead chose to
leave the securities right where they were. Complicating things further, BMO Nesbitt Burns was
sending copies of all correspondence relating to the accounts to the attention of my father even after
PwC had taken over management of the companies.
BMO Nesbitt Burns role in the financial services community as a player that assists the mob in
money laundering transactions has become apparent in my dealings with them. Other banks may be
willing to do shady transactions for scam artists too but BMO Financial Group is really obvious
about it.
In February 2002 I deposited and invested approximately $90,000.00 with the Squamish, BC
branch of Bank of Montreal on behalf of Alco Enterprises Ltd. Most of the money was invested in
a mutual fund account, however some cash was deposited into a business account.
Somehow a Powell River, BC lawyer named Shirley E. Giroday (who happens to be an
ex-provincial court judge), claiming she was acting on behalf of my mentally infirm father, became
aware I deposited money at the Squamish branch of Bank of Montreal. It's still a mystery to me
how Shirley E. Giroday knew where I was doing my banking. But she found out. After she
discovered I was banking at the branch and had deposited money there the lawyer made inquiries
with the branch asking what would be required for her to move the funds elsewhere. Instead of
telling the lawyer it was none of her business, that the money in the accounts belonged to a client
and it's illegal for the accounts to be accessed or tampered with by a third party, Madelaine Snell,
financial services manager at Bank of Montreal, made a personal decision to assist the lawyer. The
client, the depositor of the funds, was instantly abandoned. Madelaine Snell's discussions with
Shirley E. Giroday were done very quietly; Bank of Montreal made no effort to warn me of the
grim criminal event that was about to take place.
On July 10, 2002 Madelaine Snell replied to Giroday in a letter. Snell's reply consisted of written
instructions explaining what the bank would need to cover itself should the client receive his monthly
statements and show up at the branch wondering why his bank accounts had been emptied. To
transfer the money out, Snell told Giroday in the letter, it would take nothing more than something
called an "indemnity." Simple as that. An indemnity. In the letter Snell was very supportive and
helpful. Madelaine Snell informed the lawyer I had not opened any other accounts at the branch
and she was even kind enough to provide Giroday with the current balances of the two accounts I
opened, right down to the exact penny. Madelaine Snell told Giroday that the accounts contained
balances amounting to a total of $84,548.93. This substantial amount of money provided Shirley E.
Giroday incentive and motive to quickly make a play to take possession of the money.
Madelaine Snell had no legal right or authority to disclose the disposition of the accounts to Shirley
E. Giroday. Snell had no legal right whatsoever to discuss the accounts with any third party, Shirley
E. Giroday included.
Five days later, on July 15, 2002, Shirley E. Giroday wrote to Madelaine Snell and provided her
with the "indemnity." Then on July 22, 2002 Shirley E. Giroday contacted the branch and closed
the business current account and the mutual fund account. Shirley E. Giroday had the accounts I
opened for my company closed. Bank of Montreal, on the instructions of Shirley E. Giroday,
liquidated the corporate capital held in the mutual fund account and had Bank of Montreal pay her
the cash proceeds. The lawyer flushed out the accounts. This was done without my knowledge or
consent.
Bank of Montreal has subsequently told me Shirley E. Giroday employed a court order to facilitate
the theft of the capital. Bank of Montreal's law department in Toronto, Ontario mailed me a court
order obtained by Carey D. Veinotte of the Vancouver law firm Taylor Veinotte Sullivan before
Justice Grant D. Burnyeat on January 28, 2002 in the Supreme Court of British Columbia in
Vancouver. Bank of Montreal claimed Shirley E. Giroday told Madelaine Snell the Burnyeat court
order gave her authority to take action with respect to the affairs and assets of Alco Enterprises Ltd.
However, in the correspondence between Shirley E. Giroday and Madelaine Snell there is no talk
of a court order. It's not mentioned anywhere. Madelaine Snell did not ask Giroday for any court
order. All Madelaine Snell requested of Shirley E. Giroday was something called an indemnity and
somehow this thing called an indemnity would give Giroday authority to access and clean out bank
accounts that do not belong to her.
Even if Shirley E. Giroday had used the court order to get her hands on the cash, upon reading the
January 28, 2002 court order pronounced by Justice Burnyeat anyone can see that it does not give
Shirley E. Giroday authority in any way whatsoever to take action with respect to Alco Enterprises
Ltd. Shirley E. Giroday's name is not on the order anywhere. Shirley E. Giroday had no legal right
or authority to access those accounts. She is not and never has been a director, officer or employee
of Alco Enterprises Ltd., nor has she ever had signing authority on any Alco Enterprises Ltd. bank
or mutual fund accounts. And she did not have a power of attorney with respect to the affairs of
my father Scot G. Houston. If she could legally use the court order, as alleged by Bank of
Montreal, why would she also need to provide an indemnity? Bank of Montreal's explanation
doesn't make any legal sense. Clearly this conduct denotes the commission of a crime. Shirley E.
Giroday's removal of the funds I deposited at the Squamish branch of Bank of Montreal amounts to
criminal fraud. I have never heard of a bank requesting an indemnity against fraud. There is no
such thing.
In the several years that have transpired since PricewaterhouseCoopers was appointed to manage
Alco Enterprises Ltd., PwC has made no mention of the funds stolen from Bank of Montreal by
Shirley E. Giroday and Madelaine Snell.
On April 1, 2003 Robert W. Taylor received a judgment for PricewaterhouseCoopers from Justice
Grant D. Burnyeat ordering the sale of securities in the two company accounts at BMO Nesbitt
Burns. This order was as close to following compliant legal procedure when handling our company
assets as PwC ever got. Since PwC didn't appear in court for the application, the judgment can
hardly be considered lawful. Laughable, but not lawful. Although Burnyeat ordered the sale of
securities in his judgment, he didn't grant a payment of the proceeds to PwC. Regardless, the
securities were sold and BMO Nesbitt Burns made two payoffs with the proceeds to
PricewaterhouseCoopers amounting to a total of $130,000.00. These transactions add up to a bribe
to PwC from Taylor and the Attorney General of British Columbia.
And in August 2003 PwC received an unexplained payoff of $31,000.00 from BMO Nesbitt Burns
from an account of a company in receivership. There was no attempt at legal justification for this
transaction, no bogus court order this time around. More contempt, more fraud, more money
laundering, more breach of trust.
I moved in with my father in October 2005. The lawsuit the companies were named in as
respondents had expired October 1. The suit was finished, it was over. PwC was facing potential
discharge by the court. Proving that PwC's Vancouver office is a front for organized crime, PwC
took a chance on a quick money-grab and made a play for some easy cash before it was too late.
On November 14, 2005 BMO Nesbitt Burns completely liquidated the account of Powell River
Investments Ltd. and, apart from about seventy dollars, proceeds amounting to $787,169.07 were
mailed out in the form of a cheque made payable to PricewaterhouseCoopers. My dad and I were
informed of these illegal transactions when the November 2005 account statements and transaction
confirmations for the sale of seventeen blocks of securities were mailed to our home. Oddly, we
were mailed a letter from PwC to the attention of Powell River Investments containing a BMO
Nesbitt Burns cheque made payable to Powell River Investments Ltd. for the remaining seventy
dollars. The message from PricewaterhouseCoopers was this: Seven hundred and eighty-seven
grand for us - seventy bucks for the suckers.
And we couldn't cash the cheque if we wanted to!
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