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More Bad News For CCWIPP Trustees

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wm pasz
Post Posted: Sun May 20, 2007 1:19 pm

Joined: 29 Jan 2006
Posts: 1219
Location: Toronto 		Did the canning plant have anything to do with a berry processing operation and/or a business called Indian Bay Frozen Foods? CCWIPP financial statements show an investment in this company of $2.3 million in 2000 and $1.8 million in 2001.

Where is this Wayne Humphries now? Is this him by any chance?

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Time is on the side of the oppressed today, it's against the oppressor. Truth is on the side of the oppressed today, it's against the oppressor. You don't need anything else. - Malcolm X
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Elvis
Post Posted: Sun May 20, 2007 1:38 pm

Joined: 01 Feb 2006
Posts: 661
Location: Toronto 		If my memory isn't totally shot... I'll bet a YES on that face.

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Henri Ducard: Your compassion is a weakness your enemies will not share.
Bruce Wayne: That's why it's so important. It separates us from them.
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oldpal
Post Posted: Sun May 20, 2007 2:59 pm

Joined: 17 May 2007
Posts: 5
The Mountie always gets his man and the answer is yes, yes, and yes.
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SharynS
Post Posted: Sun May 20, 2007 3:27 pm

Joined: 28 Jan 2006
Posts: 2941
Location: the 'puter
Quote:
...he (wayne humphries) has gained valuable insights into how real estate assets can be efficiently operated and maximized profitably.
no doubt eh. Rolling Eyes

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weiser
Post Posted: Mon May 21, 2007 5:39 pm

Joined: 30 Jan 2006
Posts: 190
Location: Chilliwack 		Oh you can bet your boots that the CCWIPP holds the majority debt for the Hilton and the Ocho Rios propterty too. They had their pal George Allen trying to flog the properties a few months back.

George said that he was running the show. If that's true then the CCWIPP is running the show or Ron Kelly is telling George what to do. If Ron is controlling George then he could very well still be running CCWIPP too.

Didn't Bernie Christophe try to say that the CCWIPP hadn't done business with Ron Kelly in years? If Bernie really believes that then what the hell is he doing calling the shots at the CCWIPP?

Maybe he meant they hadn't done business with the "old" Ron Kelly, and since Ron now claims to be hetro, he's a "new" man. Therefore, the CCWIPP hasn't done business with the "old" but has been busier than ever with the "new".
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oldpal
Post Posted: Mon May 21, 2007 9:36 pm

Joined: 17 May 2007
Posts: 5
One would have to guess that if Ron Kelly is involved and the Trustees no longer do business with him that CCWIPP has been paid in full for all of the loans and accrued interest they held on the Hilton prior to the sale to Cash Plus.

On the other hand, if they still had money in the place and it sold for $42 million that they have been paid in full. After all, FSCO has been monitoring the Trustees and are they not supposed to be managing the fund "with care, diligence and skill in the administration and investment of the pension fund that a person of ordinary prudence would exercise in dealing with the property of another person". If the Trustees still have an investment in the Hilton and their new partner is Cash Plus, you would think that FSCO would want to hear about it, considering all the press that Cash Plus has been getting in Jamaica for the last year and it's dealings with the Financial Service Commission and possible charges. If Cash Plus is a partner of CCWIPP then Cash Plus better have very solid audited Financial Statements and the Trustees should have done their homework.

Speaking of "care, diligence and skill" do you think that the Trustees ever requested a psychological assessment of Ron Kelly after the story in papers years ago. You would think that after that story in the Toronto Sun in 1997 (see the "Sins of the Father" thread) that an assessment would have been requested before the Trustees invested all that money with him. And I wonder if they gave FSCO the assessment.
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weiser
Post Posted: Tue May 22, 2007 4:25 pm

Joined: 30 Jan 2006
Posts: 190
Location: Chilliwack 		That's just it, the FSCO ain't monitoring anything. They never have. The refused to go any further than a superficial once-over. They looked at only the things that there collective noses were dragged to and rubbed in--and then they refused to investigate.

The CCWIPP has hired it's own overseer. From my perspective, one could hold a huge aprehension of bias when one's welfare is being looked out for by someone that was hired by the same corrupt bastards that perpetrated all the screw ups and massive bleedings. Who's welfare does the overseer look out for--the members or the ones who sign his paycheque?

You have to realize that the dork that Kelly's teamed up with in Jamaica probaly doesn't have any money to pay off the CCWIPP. Kelly and the dork will look like a couple of asset-rich kingpins, while the CCWIPP pays for the assets. Why would they ever pay off the CCWIPP? Who else on earth would ever loan them tens of millons of dollars at 0% interest acrual?
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oldpal
Post Posted: Tue May 22, 2007 11:04 pm

Joined: 17 May 2007
Posts: 5
This is both SCANDALOUS AND OUTRAGEOUS.

The UFCW has one quarter of a million people involved in the Pension Plan who are hard working Canadians. Does the Liberal Government of Ontario doubt that the union members are good people who demand a well managed pension plan.

As one quarter of a million people, UFCW Members demand that the Pension Fund be run by competent knowledgeable trustees. It is not unreasonable to ask that care be given to the CCWIPP Pension Fund is the same manner that other funds like OMERS and the Ontario Teachers Pension Fund. Does the McGuinty Government think that UFCW members are shit?

This is an election year in Ontario and the McGuinty Government is in charge of overseeing the CCWIPP Pension Fund through the Financial Services Commission of Ontario.

I smell a major scandal brewing.

If McGuinty can not step in and do the right thing than let's help him. How can he run the province if he can't stop the Trustee's of CCWIPP from working with questionable characters like Ron Kelly and Cash Plus?

Let's get organized. We have several months until the fall election in Ontario.

May I make a couple of suggestions?

1. We start a thread with "MCGUINTY WE WANT ANSWERS". Let's all contribute suggestions on how we can get the McGuinty Government to take notice that UFCW members are not happy with the way the Pension Plan is being managed. Maybe we can make it an election issue.

2. We start a thread with "WHAT THE EXPERTS SAY ABOUT PEDOPHILES?". Let's do our homework and research on what the experts in the medical profession say about pedophiles.

Any and all other suggestions are welcome!
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wm pasz
Post Posted: Thu May 24, 2007 1:17 pm

Joined: 29 Jan 2006
Posts: 1219
Location: Toronto 		Good ideas oldpal. Feel free to start the new threads. The Ontario gov't has been studiously looking the other way as this pension plan is drained for a whole lot of years now. It's never sat well with me that Finance Minister Greg Sorbara (whose Ministry is responsible fore the FSCO) has a CCWIPP connection (CCWIPP invested some money in Royal Group Technologies - those familiar with that controversial business will recall that Sorbara was Director of RGT until his election to the legislature a few years ago.

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Time is on the side of the oppressed today, it's against the oppressor. Truth is on the side of the oppressed today, it's against the oppressor. You don't need anything else. - Malcolm X
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oldpal
Post Posted: Thu May 24, 2007 5:33 pm

Joined: 17 May 2007
Posts: 5
Thanks for the words of encouragement WM. I have been so busy that it is going to take a while.

Someone has asked "who am I?"

I am a nobody who drives a 15 year old car. I am a hard working proud Canadian wo believes in family, my community, and good government. I that comfort that I have the the Canadian Rights and Freedom Act supporting me.

I am also someone who is putting a second phone line in my home. People who are concerned that CCWIPP is monitoring this site know that I will stay on message only.

Should I stumble and fall, there is someone behind me who is willing to carry the message. CCWIPP has no idea how many people are talking about this at night and during breaks. CCWIPP has no idea how many people have friends and family who are willing to fight for their pensions.

CCWIP has no idea who is friend or foe.
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the doc
Post Posted: Mon May 28, 2007 1:45 pm

Joined: 27 Sep 2006
Posts: 121
Well it is long over due, but FSCO is going to court
with CCWIPP on Feb. 11/08. That is the date the
trial begins. Court room to be announced. We will
finally be able to see all of them in a court room
for a change. Very Happy
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