"HOUSTON V. HOUSTON ET AL." CONTINUED
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This was obviously quite illegal. For one thing, the sale of securities occurred contrary to the
December 16, 2002 receivership order. PwC's access to my assets was restricted by Term 9 in the
order it has since voided through its noncompliance. According to Term 9 of the order, a judgment
must be rendered by the court in order to sell any of my corporate assets. They weren't allowed to
sell anything. No separate order has been granted to allow PricewaterhouseCoopers Inc. or BMO
Nesbitt Burns Inc. to sell off any assets owned by my companies. Further, PwC can't pocket
someone else's money. If they do it's theft. They'd need a court judgment to do that. There is no
judgment of the court ordering the payment of $787,169.07 to PwC from Powell River Investments
Ltd. The transactions are illegal and amount to the commission of criminal contempt, fraud, money
laundering, breach of trust, etc.
The account statements show us that every time BMO Nesbitt Burns pays money out of the
accounts it converts ownership of the funds internally at the brokerage. It makes the payments to
PwC. Although the cash is wholly owned by the respective companies, BMO Nesbitt Burns always
makes the cheques out to PricewaterhouseCoopers. This establishes BMO Nesbitt Burns'
culpability in conspiring with PricewaterhouseCoopers to knowingly assist PwC in committing acts
of criminal fraud. Moreover, not only are these transactions illegal in the criminal sense, all this
activity is blatantly contrary to standard, basic financial services procedure - it simply makes no
sense other than as crime. PwC can't just call up BMO and say, "Hey, hand over all the cash in
so-and-so's account and while you're at it make the cheque out to our firm, we're gonna deposit the
cash in our stash." All these facts prove BMO Nesbitt Burns suffers from serious internal
competence and compliance problems. To put it simply: they don't have a clue how to handle
fraud. BMO just doesn't know how to say no when a mobbed-up fraud chop-shop like PwC comes
knocking.
It appears that upon PwC's appointment as receiver manager, both PricewaterhouseCoopers and
BMO Nesbitt Burns developed a mutual understanding amongst each other when it came to these
investment accounts. The two agreed that the corporate accounts, accounts overflowing with
healthy amounts of capital, capital effortlessly converted into liquid cash with a simple phone call,
were no longer owned by the companies in receivership. BMO Nesbitt Burns had become PwC's
ATM. PwC saw the accounts as a slush fund of easy, untraceable money that could be quickly
withdrawn without legal consequence; PwC would be asked to account for the transactions by no
one, not by the court, not by the police, not even by the brokerage. As we've seen, BMO Nesbitt
Burns didn't lift a finger to stop them. Has BMO Nesbitt Burns reported any of this activity to the
police or to the authorities? No they haven't. All I've heard from BMO Financial Group are the
lies, stonewalling and denials of a guilty party caught collaborating with the mob in a sleazy
brokerage heist.
It was thoroughly illegal, but the understanding between the two entities is abundantly clear - as far
as the brokerage and the receiver were concerned, the assets of the companies in receivership now
belonged to PricewaterhouseCoopers and only to PricewaterhouseCoopers.
If we add up all the money documented to have been flushed out of BMO Financial Group accounts
we come up with this figure: $1,032,000.00
For the three-year-plus period 2002 until 2005 about $25,800.00 per month was stolen from my
BMO Financial Group accounts.
Then if we add to the BMO thefts the capital that went missing in 2002, about $1.3 million, most of
it stolen from TD Bank Financial Group bank/brokerage accounts, on an average monthly basis for
the three-year-plus period of '02 - '05 (forty months) about $56,200.00 in corporate capital was
stolen from my family every month.
Fifty-six thousand dollars a month!!!
And why shove all this fraud in my family's face year after year? What was PwC's and BMO's
purpose for committing these exceedingly hostile actions against my family's property for three long
years and then to harass us by arrogantly posting proof of the fraud in the mail to our home in
Powell River?
The reason is simple really.
PricewaterhouseCoopers Inc. and BMO Nesbitt Burns Inc. did this to terrorize my family, to
intimidate and threaten us into backing down from opposing them. PwC was determined to steal
every penny of our corporate holdings, that's a fact. It is not in dispute. The theft was going to
transpire no matter what. It was inevitable. Like mafia thugs, PwC and BMO were showcasing for
us just how vulnerable we are, helpless to protect ourselves from their incursions. By siphoning our
accounts bone dry with no court direction, no paperwork, PwC and BMO said this: "We do not
obey court orders. We do not operate pursuant to the law. The assets are now ours. Go ahead,
waste your money hiring a lawyer and apply for a court judgment against us. You can be absolutely
sure we will not obey it."
We now know PricewaterhouseCoopers Inc. was appointed by the Ministry of Attorney General not
for the purpose of acting as a trustee of the assets in receivership, rather they were appointed with
the intention of confiscating all of my family's wealth.