Monday, January 21, 2013

Dopey BCSC strikes again as usual

Latest from our amazing anti-friends at the BCSC is something that has happened MANY times before ... the chasing of evil-doers who need not be chased any longer at all.

Specifically the news today is of a Notice of Hearing ...

"The executive director of the British Columbia Securities Commission has issued a notice of hearing alleging that a Canadian citizen who currently resides and is under house arrest in Colbert, Washington, perpetrated a fraud and made false statements to the commission."

http://www.marketwire.com/press-release/bcsc-alleges-that-woman-perpetrated-fraud-made-false-statements-commission-1747828.htm


Yes, yes it all sounds quite horrid and makes for good press for the BCSC's outstanding and awesome dilligence in protecting us all from evil but the punchline appears at the bottom.

"Nelson is also the subject of civil proceedings brought by the Washington State Department of Financial Institutions and the U.S. Securities and Exchange Commission. Additionally, she is awaiting trial in federal criminal court in Spokane, Washington, currently scheduled to be held in June 2013, on 71 counts of wire fraud, 22 counts of mail fraud, and 17 counts of international money laundering."

Doris Elizabeth Nelson

Simple fact is this woman will almost certainly be incarcerated for a VERY extended period in America and a) certainly won't be allowed to leave the US for any ridiculous BCSC hearing and b) has less than nothing to fear from the limp dick retards at the BCSC now anyway.


So can anybody tell what the actual purpose of this utter damn stupidity and waste of limited BCSC resources is? Appears only one possible to this observer ... boost the numbers and make it APPEAR the BCSC is actually doing something for the public for a fukkin change.

This is hardly an isolated incident and occurs regularly. Next the hearing will be held with no evil-doer present but with half a dozen $ 1500 per hour lawyers with their thumbs up each others arses clucking at each other for a full day ... after which an order will be issued along with a massive fine that the BCSC knows for absolute dead certain will never be collected.

Very likely six figures+ blown and the point of this exercise again was what exactly? Welcome to securities regulation in British Columbia citizens.