This post was deleted by moderators at Vancouver Forum. In order that the truth be known we are reposting important excerpts.
posted 9/4/2007 9:27:43 PM by CrimeBustersNow
THE PIGEON KING INTERNATIONAL
The Pigeon King International, with huge ads in a variety of publications and advertising on radio, talk shows, agricultural fairs, etc. is a huge fraudulent Ponzi scheme defrauding retired farmers, young farmers, women and children all over North America.They have moved in on, and targeting the Amish communities in North America. This is not a few hundred or thousands of dollars of fraud we are talking about here; this is reprehensibly 20, 30, 40, 50, 100’s of thousands, even half a million or more in losses individually. And it will collapse, as is the nature of all Ponzi schemes, leaving later investors with no viable market for the $500 a pr. (“special purported pedigree”) pigeons they have been swindled into purchasing.
The worldwide headquarters of this fraud is in Waterloo Ontario. CrimebustersNow is actively pursuing this scam, and the unconscionable money laundering, racketeering crook; Mr. Arlan Galbraith. Again, police are fully aware of this fraud, but have not shut it down nor are they warning the hundreds, and thousands of potential victims in North America and worldwide. That is why CrimebustersNow was created. We are warning potential victims worldwide NOW and fully intend to shut this massive money laundering, racketeering, fraudulent Ponzi scheme down.
_ _ _ _ _ _ _ _ _
posted 9/8/2007 11:51:24 PM by CrimeBustersNow
CrimeBustersNow has received no cooperation from either Arlan Galbraith of Pigeon King International or Scotiabank, the financial institution that is knowingly or unwittingly assisting in Galbraith’s money-laundering racketeering activity. It is imperative that this massive fraud be shut down immediately before hundreds more unsuspecting North American farmers, their wives and/or children are swindled for tens of thousands of dollars by this unconscionable white-collar, money laundering crook and racketeer.
It is for those reasons CrimeBustersNow in posting emails that were sent to both Arlan Galbraith and the Scotiabank, Northfield Drive and King Street Branch, Waterloo, Ontario and their Toronto Branch.
August, 20, 2007
CrimeBustersNow
ATTN: Arlan Galbraith:
RE: Illegal Ponzi Scheme and Money Laundering Fraud
Further to our conversation by telephone last week I have now personally concluded an investigation into your Business known as “Pigeon King International”. Any further investigation or evidence gathering will only serve to bolster and support what we have already uncovered.
To put it bluntly, you are operating what for nearly a century now is known as a “Ponzi Scheme.” These schemes are reprehensible in that they defraud unsuspecting and in many instances financially desperate victims out of thousands, tens of thousands even hundreds of thousands of dollars. Some victims lose their entire life savings. Others are inadvertently plunged into debt from which they may never recover.
Young people, in this case young farmers, are defrauded of money they don’t have by arranging financing based upon false credibility -- your duly registered but nonetheless fraudulent “shell corporation” projects. And as bad or perhaps worse, these victims waste years chasing an impossible dream. Many of these frauds result in broken marriages and suicide. In the opinion of many judges it is worse than bank robbery or other violent crimes noting perpetrators of some of these frauds have been given prison sentences of 50 to 100 years in the U.S.
Those in the early stages of these Ponzi schemes who may possibly recover their investment and make a profit become unwitting accomplices to your crime by passing on this reprehensible “business opportunity” to their friends and families who ultimately become the losers. Many, such as those in the Mennonite community where you have introduced this fraud, have spread it throughout their community via their churches. The consequences, when this scheme collapses, will be catastrophic.
Farmers may be persuaded to leave their legitimate farming activities because, as you point out in your propaganda, they must purchase quotas and face regulations -- for example, raising chickens, vis a vis raising racing pigeons and squabing pigeons which is not only unregulated but you offer between $10 and $50 per pigeon “picked up at the farm gate.” That is between at least 1000 and more than 5000% better than chicken farming or any other legitimate farming activity. Others who have good jobs and benefits built up over the years in their “off farm employment” may be persuaded to give up those jobs in pursuit of this fraudulent dream you offer them. That is equally reprehensible.
We have determined that there exists no end market for your product, neither the racing pigeons nor squab pigeons. The payments made to earlier investors come from the money generated from new investors. That in this country and a majority of countries in the free world is illegal. It is noteworthy that it is also illegal in many communist countries. The increase in the prices paid for raising these birds that you tout in your advertising propaganda are artificially set and continually inflated by your company since it is you that arbitrarily decide the “value” of these birds and are the only real “market” that exists for your victims to unload their product.
You indicate that your company is debt free. You claim that it is very successful, that you deal with millions of dollars, and that you have been in business for a number of years. Therefore it is inconceivable that you would have attempted, not long ago, to raise money by offering 18% interest when in your stated financial position you should be able to obtain money at financial lending institutions for a few percentage points over prime rate. That again has all the “ear markings” of a pure non product Ponzi scheme whereby the high interrest rate paid to early “investors” is paid by the proceeds of later investors. The reason you conveyed to me -- that you are conducting this business to help out farmers and others, is a well worn excuse used by many of those perpetrating Pyramid and Ponzi schemes and illegal “network” marketing scams disguised as legitimate business.
I’m willing to discuss this matter further with you, your family, your lawyer, or lawyers, accountant, bank and/or financial institutions you deal with. But the fact is that a simple accounting of your business would reveal that you and your family are operating an enormous Ponzi scheme that is mathematically unsustainable and the intention of CrimeBustersNow is clearly to shut your operation down and return to your victims money they have been defrauded of through your illegal money-laundering and racketeering activities.
These frauds result in enormous damage to families and our country as a whole. Your son and daughter are involved in this scheme with you as it appears to be a “family business.”
Pyramid and Ponzi schemes are related offenses. With that said I would point out the attitude of at least one judge: Judge J. Weinper who wrote in his judgment in R. v. Richardson [1999] O.J. No. 5160 No. 98/04385. . . . “Pyramid schemes are illegal under the laws of Canada. Parliament has chosen to make these schemes illegal.” . . . “ . . . You engagge your son in this activity, as well, and that does cause me concern.”
“A scheme of this nature preys on people’s vulnerabilities and their inability to make more money in a legal fashion. It exposes people to the risk of losing money that they have earned legitimately. And as I said, parliament has set out in the criminal code that this kind of scheme is illegal.”
HELD: The pyramid scheme -reyed on other people’s vulnerabilities and exposed people to the risk of losing their moeny. This type of behavior had to be denounced.
Our advice to you, Mr. Galbraith, is that at this date, August 20, 2007, you immediately cease and desist advertising this money-laundering fraud and cease and desist signing up any further victims in this unlawful scheme; that you contact the RCMP and/or the Federal Competition Bureau and acknowledge that you are conducting a Ponzi scheme and have now been exposed. This action may result in some mitigating circumstances. To do otherwise from this point in time, having been warned, could result in a more severe penalty if or when you are ultimately convicted of conducting an illegal Ponzi scheme.
CrimeBustersNow exposes these frauds publicly by any means at our disposal, particularly the internet, where the majority of these frauds are being perpetrated. There are many who are condemning this scheme on the internet. Rumor has it that you will aggressively pursue in the civil courts anyone who defames your company. If you should so choose that option against me be assured I will not, as many who attempt to expose these frauds and schemes, back down in the face of millions in a frivolous and vexatious civil law suit.
David J. Thornton
President CrimeBustersNow
To Scotiabank
King St. & Northfield Drive, Waterloo, Ontario
laurel.watson@scotiabank.com
ATTN: Lorel Watson
RE: Arlan Galbraith and Money-Laundering Ponzi Scheme
Barry Minkow of California, former thief turned fraud investigator, being the youngest person to take a company public and after having defrauded Wall Street investors of some $300,000,000 was asked “Barry, where did we go wrong? What did we miss?” His answer -- “When I paid the security guard $50 to pretend he knew me at the building I walked you through and claimed to be working on, all that was necessary for you to do was to call the owner of the building and ask ‘Do you know Barry Minkow?’ One phone call would have exposed my fraud.” Unfortunately $300,000,000 and seven and a half years in jail later, but now reformed, Barry Minkow exposes fraud in his effort to protect victims and potential victims from scammers through his organization also exposing $1 billion in fraud. CrimeBustersNow is a non-profit organization also exposing and preventing fraud world-wide, located in Oakville, Ontario, Canada.
Canadian authorities including the Ontario Securities Commission, the Federal Competition Bureau, RCMP fraud squad, local fraud squads, prosecutors, Phone Busters, private non-profit organizations such as Crime Stoppers, Better Business Bureau, Chambers of Commerce and the mainline news media are currently under criticism for a dismal job of curtailing white-collar crime (i.e. Macleans Magazine January 30, 2006) and turning their collective backs on money-laundering white collar criminals and failing to snag fraudsters.
The reported statement of the York Region Prosecutor in response to millions in an international pyramid fraud scheme and refusing to act against the perpetrator -- “I am to busy with home invasions and murders to worry about white-collar crime” epitomizes this attitude in Canada. The fact is that this is the only reason CrimeBustersNow exists and the only reason it was created by a small group of angry frustrated seniors. Years of imploring to no avail these agencies to protect seniors, ethnic groups, immigrants, the financially unsophisticated, farmers students in university, college and reprehensibly now even high schools being outright defrauded by sophisticated and corrupt lawyers, accountants, psychologists, current and former police officers, former and current high level government employees, politicians, etc. in a conspiracy with fraudsters to perpetrate one money-laundering, racketeering fraud scheme after another -- particularly those permeating this country and then expanding into global fraud, fell instead on “deaf ears”.
The likes of Alan Kippax, another Canadian fraudster who is at this very point in time spreading a fraud known as Business In Motion across the nation. A fraud a Superior Court Judge ruled on November 30, 2006 to be a prima facie violation of both the Criminal Code and the Federal Competition Act. But notwithstanding, Kippax is again, in plain view of authorities, involving the before-mentioned (excluding the Mennonite Community) and again involving bank employees, even at least one bank manager in his fraud, as he did in his previous fraud -- Treasure Traders International, perpetrated out of Mississauga Ontario. TTI was closed by the High Court of England after only five months of operation when the fraud was attempted in the UK. Now these Canadian government agencies and private, very respected and considered credible non-profit organizations and the mainline media, refuse to adequately warn even university, college and high school students that are again being defrauded by these same liars, crooks, gangsters and thieves. The mainline media are actually advertising many of these fraudulent schemes. That’s just how it is in Canada. As well, Canadian Diamond Traders operating openly in Toronto at 5145 Steeles Avenue West, declared a fraud by the Australian Government, targets students in this country and world-wide. It operates in a brick and mortar building with the knowledge of the RCMP, OPP, Federal Competition Bureau, Metro Police and the Mayor of Toronto. These fraudulent money laundering racketeering schemes are, through inaction, being condoned by authorities in this country.
This is an excerpt from their propaganda. “Canadian Diamond Traders -- Calling all students . . . A legitimate business opportunity which can turn the once-in-a-lifetime investment of $100.00 U.S. into a return on investment of 3000%. This one is so simple, no real effort and it could help pay for your university costs.”
This in the view of the angry and frustrated seniors who created the non-profit organization, CrimeBustersNow is absolutely reprehensible, appalling and distressing.
Today CrimeBustersNow is bringing to the attention of the Fraud Department of the Scotiabank located at the King St. & Northfield Dr. Branch, Waterloo, Ontario, the existence of a mammoth multi-million dollar money laundering, racketeering Ponzi scheme the Scotiabank knowingly or unwittingly is aiding and abetting. When this exponentially expanding Ponzi scheme collapses the results will be catastrophic.
A client of this branch of Scotiabank, a Mr. Arlan Galbraith, founder of Pigeon King International located at Unit #4 - 299 Northfield Drive East Waterloo, Ontario is perpetrating this massive Ponzi scheme. These schemes have been perpetrated using earthworms, ants, fruit; anything fraud artists can think of: Galbraith is doing it with pigeons. Among his other victims he is perpetrating his fraud in Mennonite Communities. The fact that Mennonites will not sue for redress makes this fraud all the more reprehensible.
It is our understanding that financial institutions, particularly lending institutions have in law not only a “Duty of Care” with respect to all their clients but moreover to the interest of the general public. We are also aware that in order to fulfill that “Duty of Care”, suspicion of money-laundering activity must be reported to authorities. It is for that reason CrimeBustersNow is contacting Scotiabank. We believe Scotiabank, acting under it’s fiduciary “Duty of Care” in reporting this money laundering scheme to authorities, will be initiating another significant step in exposing this obvious fraud, resulting in the Pigeon King being rightfully and justly shut down.
CrimeBustersNow has determined that Galbraith has no real viable market for the massive numbers of pigeons he is causing to be produced throughout Canada, the U.S. and possibly other countries as his intention seems to be. And further, that the established price of these birds is not set, nor is it reflected by market conditions, but rather arbitrarily and artificially determined by the “Pigeon King” himself, Galbraith. The inflated prices of these birds from about $80 per pair some three years ago to about $500 per pair are controlled solely by Galbraith, again not by market conditions.
There exists no meat processing plant complete with government inspectors for the killing and processing of “Squabing Pigeons.” The price of $10 per “Squabing Pigeon” Galbraith pays to farmers “at the gate” for these birds would, prima facie, indicate that by the time these birds would be processed they would be priced “out of the marketplace.” Therefore as is manifestly obvious when one conducts even a modicum of investigation into this operation, these birds are not sold for food as is the very nature of “Squabing Pigeons” akin to “Broilers,” but rather sold only within his network of buyers turned producers, definitely another “red flag” indicating a money laundering Ponzi scheme in that the profit made by earlier investors is obtained solely from the money generated by later investors. This type of scheme named for Charles Ponzi almost a century ago is outlawed in this country, the U.S. and most democratic countries as well as many communist countries, and a violation of Section 206 (1) (e) of the Criminal Code of Canada, The federal Competition Act and Section 380 of the C.C.C. under fraud.
The “Homer” pigeons bought for $500 per pair and then sold back to Galbraith for approximately $50 per pair are likewise, according to Galbraith in a recent conversation with CrimeBustersNow, only resold to buyers turned producers in Galbraith’s elaborate, but for accounts, lawyers and those professionally involved in financial markets and law enforcement easily understood scheme.
Galbraith claims to be building up a “breeding stock” and queries “is that illegal?”CrimeBustersNow response is “certainly not, not as long as the payments or profit to earlier ‘investors’ is not derived from later ‘investors.’” That modus operandi is identified in law as the classic money-laundering Ponzi scheme.
Galbraith is quick to point out, as he advertises, that his is a “debt free” “business” and claims on his pamphlets to be a member of the Canadian Federation of Independent Business. This then begs the question as was put to him . . . “Why if you handle millions of dollars in a debt free operation are you offering 18% to investors for lending you capital when you should in fact be able to secure loans from almost any lending institution for a few percentage points over prime.” His answer, “that he is doing this to help farmers” is neither good business sense nor believable. That answer we find is common to pyramid and Ponzi scheme promoters globally.
The offer of 18% interest in this intended phase of his operations leads irresistibly to the conclusion that this direct “investment” is a “non product” money-laundering Ponzi scheme whereby again; earlier “investors” are paid through the proceeds of later investors. Galbraith indicated he has abandoned that practice in favour of another system whereby he will encourage “sub-contractors” to use their own money recruiting and financing others into the scheme though he will still provide the pigeons. Again a modicum of investigation would reveal that this is a typical money-laundering PYRAMID scheme, also a violation of the before-mentioned laws and regulations. In short, the scheme Galbraith is operating is insolvent. A quick forensic accounting will reveal liabilities simply exceed assets requiring an ever exponentially expanding base of new “investors” in order to fulfill the payment requirements to earlier “investors”.
Many in the pigeon racing, breeding, and production for food operations have been questioning and accusing Galbraith’s operation of being a Pyramid/Ponzi scheme. And now some money lending institutions have begun also to question this “business model” and are now reversing their previous policy of lending. They are refusing to grant loans for customers seeking to become affiliated with Galbraith’s scheme.
As a result of that action these potential buyers/producers (victims) are gravitating to the Scotiabank in Waterloo which appears to be enamored by Galbraith’s apparent “success”. If loans are being granted by Scotiabank to these farmers, Scotiabank will surely find itself in an untenable position as both the lender assisting the perpetrator in encouraging these (as is CBN position) victims to become engaged in money-laundering fraud as well as at the same time acting for the perpetrator of this alleged fraud.
CrimeBustersNow strongly advises, and in fact demands on behalf of the interests of the Canadian public and citizens world-wide, that Scotiabank without delay notify the RCMP, Federal Competition Bureau, the OPP anti-racket squad or whatever law enforcement agencies the Banking Act requires notifying when money-laundering white-collar crime is suspected. To do otherwise may prove problematic when this exponentially expanding Ponzi scheme unravels and collapses. The questions will surely arise . . . “Who knew and when did the know . . . and when were they first informed.”
It is important to this country, North America and the world that these schemes be shut down quickly. The cooperation of Scotiabank in this matter will be greatly appreciated. Please, do feel free to contact us.
cc:
The Honourable Gerry Ritz - Federal Minster of Agriculture Ottawa Canada
The Honourable Leona Dombrowsky - Provincial Minster of Agriculture Ottawa Canada
Canadian Federation of Independent Business - Saskatchewan
Robert FitzPatrick - PSA - Pyramid Scheme Alert - Charlotte, NC. USA
Jon M. Taylor MBA. Ph.D. - CAI Consumer Awareness Institute - Utah USA
Barry Minkow - FDI - Fraud Discovery Institute California
Sep 23 2007, 12:51 PM
Posted - 9/23/2007 9:26:07 PM