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https://www.bcsc.bc.ca/News/News_Releases/2019/56_BCSC_panel_imposes_lifetime_bans_and_$1_7_million_in_financial_sanctions_for_fraud/

2019/56
September 20, 2019

Vancouver – The British Columbia Securities Commission imposed a total of $1.7 million of financial sanctions on three B.C. men and two mortgage investment companies after finding that they committed fraud. 

Patrick K. Prinster and David Scott Wright were each ordered to pay $250,000 and Donald Bruce Edward Wilson was ordered to pay $150,000 for diverting investors’ funds from mortgages secured by real estate, which was the purpose described in marketing materials.

The panel also permanently banned Prinster, Wright and Wilson from the following activities:

  • Trading in or purchasing securities or exchange contracts
  • Using exemptions set out in the Securities Act
  • Becoming or acting as a registrant or promoter
  • Acting in a management or consultative capacity in the securities market
  • Engaging in investor relations 

The panel noted that Prinster, Wright and Wilson diverted the funds and carried out their misconduct “despite warnings and concerns expressed to them from multiple sources.”

The panel imposed financial sanctions of $561,479 on DominionGrand II Mortgage Investment Corporation, and $500,961 on DominionGrand Investment Fund Inc.

Almost all of the $1.1 million raised from investors was lost, though the panel did not find evidence that Prinster, Wright or Wilson had been personally enriched by the diversion of investments.

I received a notice of the Securities Commission decision this morning, and have spent the last few hours reviewing their decision and considering how to react to this disheartening news.

Whether or not to appeal the decision is pretty much moot. Neither I nor the other two individual respondents in this civil administration case had the financial resources to defend ourselves in the first place. Both of the companies named in the decision haven’t existed as legal entities for years. We certainly don’t have any more financial resources now than we did when this case first was started.

Legal processes are ferociously expensive, and lawyers fees pretty much out of reach for most people caught up in this type of hearing. If we’d actually benefited personally from the diversion of investment funds to the parties, maybe we would have had the money to defend ourselves and our reputations. We didn’t. However, as acknowledged in the decision, we were not accused of benefiting personally or receiving any significant benefits from the wrongful use of the investors funds.

In reality the pressure of being under the gun by the BC Securities Commission and the BC Financial Institutions Commission at the same time, pertaining to the exactly the same set of circumstances left me pretty much stripped of any ability to do business in the ordinary course, or to protect myself from numerous lawsuits that eventually cost me my share of the equity in my home, and in other assets as well.

A net result to me personally, is that I filed bankruptcy a year and a half ago, after pretty much losing everything I owned.

And in the middle of all of this, my health went to hell, maybe as a result of the incredible stress of the situation, or maybe just an accumulation of unrelenting pressure from almost every part of my life, personal, financial and professional.

There is a point at which I no longer functioned at any reasonable level, and much of my world collapsed around me.

For those of you who follow my blog, both this one and Rain City Review, will know that I’ve been struggling to find my way back to a meaningful future, where once again I can hope for something, and begin to work towards restoring my damaged reputation, and improving my financial circumstances.

But before I can move on I need to deal with this decision, and accept responsibility for what I have wrought. Clearly I took a wrong turn at some point, which led to the destruction of everything I built. Life is lived one day at a time, and I honestly did my best, each and every day, both in regards to these two companies and the others which failed, either in concert with these or on their own for other reasons not useful to go into here. My best wasn’t good enough.

I worked really hard to get in so much trouble, and cause so much damage to other people’s financial position, despite my every effort to contribute positively to my investors’ and clients’ financial lives. Clearly I made a number of wrong decisions, some only understood in hindsight, and not at the time.

I feel like hell for what happened, and my role in it. It is not useful to look for excuses, and it certainly won’t make my investors, family or friends feel any better. I don’t know that anything will.

All I can do at this point is move forward with my life, and vow to do better in the future. I’m sorry. I’m extremely disappointed in myself and my decisions that led to this. I will continue to deal with the consequences and fallout from this decision, and make such reparations as I can under the circumstances. I’ll do my best.

Waiting for this decision, after waiting more than half a decade for the hearings to take place, has been excruciating. But I’m sure no more for me than for the investors harmed by these transactions.

It’s not enough, I know. But its what I can do. I’m sorry. I wish things hadn’t turned out this way.

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All things considered, I’d rather be in Tuwanek, for me a most unwonted place, filled with old but vivid memories from my early years, and periodic trips down memory lane on subsequent day trips to the rainforest village area.

I love the word unwonted, for all its unfamiliarity, and despite its similarity to the word unwanted, which sounds pretty similar, despite have a completely different meaning and emotional impact. The word “unwonted” sounds familiar, but it means extraordinary, unusual, and exotic – exactly the opposite of unwanted.

What makes this tiny point of land so special? Mostly it is special because of the flood of memories evoked when I remember summer holidays in my parents’ cottage, just a few hundred steps from the beach.  My parents bought the property for use by the family after buying a summer vacation property on Savary Island, further north past Powell River which had never really worked out well because it was simply too far to get to for a short holiday.  It took virtually a whole day just to get to Savary Island and another to get home at the end of the holiday.

There were two main benefits of buying in Tuwanek, after their experience on Savary Island.  Tuwanek is a drive of less than an hour from the terminal at Langdale, where the ferry delivers cars from Horseshoe Bay in West Vancouver. So we could leave our home in North Vancouver, catch the ferry and drive to the cottage in a little over two hours, assuming that we caught the first ferry and didn’t have to wait for the next ferry.

Travelling all the way up to Savary Island is a long trip, with two ferry rides required, and the family taking its’ own water transportation to get to the island as there is no ferry to Savary Island, not even today.  That means a boat, which was a major expenditure for my dad and mom.  Sechelt is a lot closer, with only one ferry to catch, and it is on a road directly accessed from the Sechelt Inlet Highway.

It’s proximity to West Vancouver also meant that as we kids grew older it was practical to go up for a weekend, instead of reserving it for long holidays.  But even with easy access, comparatively, it became increasing a rare weekend visit once we went off to university or into other pursuits as young adults.

It did serve as the location for my honeymoon (of sorts) after I married my second wife.  I don’t know if she ever felt that we really had a true honeymoon, already having had a couple of kids before we got married. It was a great place all of us to holiday, and we loved spending time at the beach with the kids in the water.

Eventually my parents no longer used the cabin, and sold it to my sister, who lived there after returning from eastern Canada, where she worked for the New Democratic Party in New Brunswick.  To this day she still lives on the Coast, buying a small farm on the road to Port Mellon.

 

The original inhabitants of Sechelt are the Sechelt Nation, a British Columbian First Nations band who call themselves shishalh (or shishalh Nation).[3] Before English was spoken, the town of Sechelt was called ch’atlich in she shashishalhem (the Sechelt language).[4] For thousands of years, the Sechelt people practiced a hunting and gathering subsistence strategy, making extensive use of the natural food resources located around Sechelt, and its strategic location for access into the Sechelt Inlet. Wikipedia, the free encyclopedia

Synonyms & Antonyms for unwonted

Synonyms

aberrant, aberrated, abnormal, anomalous, atypical, especial, exceeding,exceptional, extraordinaire, extraordinary, freak, odd, peculiar, phenomenal,preternatural, rare, singular, uncommon, uncustomary, unique, unusual

Antonyms

common, customary, normal, ordinary, typical, unexceptional, unextraordinary,usual

A couple of suggestions and questions.

  1. Don’t smoke
  2. If you smoke, quit!
  3. If you quit and still get COPD, what the hell do you do then?

Donald B Wilson 1959-60 a

I’m not exactly in the best physical condition, considering everything.  I’m a type two diabetic, dependent on insulin.  I’m way too heavy, as my lifelong personal physician put in my chart – obese! She was far too polite to say that out loud to me, so I found out only after she retired and sent me a copy of the charts for my next doctor to see.

Up until 12 years ago I was a heavy smoker, having nearly started in the cradle, with both parents chain smoking my whole childhood.  I stole my first smoke from my mom before going to elementary school!  By the time I was ten I was smoking pretty regularly, and spent high school pretty much hanging out in the smoke pit with the other addicts.  Both parents scolded me for smoking, but then doing what you do rather than what you say does not give parents a whole lot of credibility.  None, actually!

Still, although it might have been their fault that I started smoking, they didn’t hold the stick in my mouth, and force me to smoke for the next forty years.  That was my own doing, and there’s no getting around the fact that I smoked a lot! for a long time! and didn’t really think about the consequences much.

Actually that’s not true.  In my periodic journals and diaries over those years, I remember bitching and complaining about how much damage I was doing to myself by smoking, despite hating what it might doing to me long term, I still kept on smoking.  I was totally resistant to all efforts made to get me to quit.

I did try from time to time.  Once, in my forties I stopped smoking for almost a whole year, before giving in to the filthy habit. So I guess I did know how harmful it might be to me in the future.  And eventually I did quit.  Twelve years ago next January.  It wasn’t easy.  In truth I might still be smoking if I hadn’t ended up in hospital for near a month as a result of blocked colon surgery.

Part of quitting was about trying to be a better example of a human being to my grandchildren than I had been to my own children growing up.  Twelve years ago I didn’t have any grandchildren, yet, but I was encouraged by believing that it would be better if they never saw me smoking at all.

I really hoped that by quitting when I did that I would avoid the worst consequences of smoking, such as COPD or lung cancer.

Chronic Obstructive Pulmonary Disease (COPD) is an umbrella term used to describe progressive lung diseases including emphysema, chronic bronchitis, refractory (non-reversible) asthma, and some forms of bronchiectasis. This disease is characterized by increasing breathlessness.

Well, I hate to say it, but so sad, too bad.  I have COPD, having pretty much avoided it until I caught pneumonia in August 2016 which triggered it, with severe breathlessness and a pretty severe and sudden restriction in my lifestyle.  The following list of things I could do comes from the Mayo Clinic website:

Lung therapies

Doctors often use these additional therapies for people with moderate or severe COPD:

  • Oxygen therapy. If there isn’t enough oxygen in your blood, you may need supplemental oxygen. There are several devices to deliver oxygen to your lungs, including lightweight, portable units that you can take with you to run errands and get around town.

    Some people with COPD use oxygen only during activities or while sleeping. Others use oxygen all the time. Oxygen therapy can improve quality of life and is the only COPD therapy proven to extend life. Talk to your doctor about your needs and options.

  • Pulmonary rehabilitation program. These programs generally combine education, exercise training, nutrition advice and counseling. You’ll work with a variety of specialists, who can tailor your rehabilitation program to meet your needs.

    Pulmonary rehabilitation may shorten hospitalizations, increase your ability to participate in everyday activities and improve your quality of life. Talk to your doctor about referral to a program.

Lifestyle and home remedies

If you have COPD, you can take steps to feel better and slow the damage to your lungs:

  • Control your breathing. Talk to your doctor or respiratory therapist about techniques for breathing more efficiently throughout the day. Also be sure to discuss breathing positions and relaxation techniques that you can use when you’re short of breath.
  • Clear your airways. With COPD, mucus tends to collect in your air passages and can be difficult to clear. Controlled coughing, drinking plenty of water and using a humidifier may help.
  • Exercise regularly. It may seem difficult to exercise when you have trouble breathing, but regular exercise can improve your overall strength and endurance and strengthen your respiratory muscles. Discuss with your doctor which activities are appropriate for you.
  • Eat healthy foods. A healthy diet can help you maintain your strength. If you’re underweight, your doctor may recommend nutritional supplements. If you’re overweight, losing weight can significantly help your breathing, especially during times of exertion.
  • Avoid smoke and air pollution. In addition to quitting smoking, it’s important to avoid places where others smoke. Secondhand smoke may contribute to further lung damage. Other types of air pollution also can irritate your lungs.
  • See your doctor regularly. Stick to your appointment schedule, even if you’re feeling fine. It’s important to steadily monitor your lung function. And be sure to get your annual flu vaccine in the fall to help prevent infections that can worsen your COPD. Ask your doctor when you need the pneumococcal vaccine. Let your doctor know if you have worsening symptoms or you notice signs of infection.

https://www.mayoclinic.org/diseases-conditions/copd/diagnosis-treatment/drc-20353685

It might seem obvious that I need to change my habits, if I’m going to improve the quality of the rest of my life.

Dr. Tsang, my pulmonary specialist, referred me to the Fraser Health Respiratory Rehabilitation and Education Program at the Physiotherapy Department at  Langley Memorial Hospital close to where I live.

It is a six week Pulmonary rehabilitation program pretty much as described in the Mayo Clinic Internet website.  A rehabilitation respiratory counselor provided lessons and counselling, and worked with a physiotherapist and dietitian to provide useful information.  The classes (my class had five COPD students) run for about three hours twice a week, and for me personally, were extremely useful.

There is really two different types of learning that goes on in the classes, both of which are useful but one of which is essential if a person really wants to get the benefits of the information provided in the handouts and lectures.

All the materials presented are readily available on the internet or at your Public Library.  You could find them yourself, read them, and then do what is recommended.  You’d think that as a adults we could do that, and save everybody a lot of money in providing these classes.  Hell no!  Because information without reinforcement and actual exercises is only a small part of the learning process.  In some ways the biggest thing I learned in the program was how to let go of my fears, anxieties and panic, when experiencing extreme shortness of breath.

It’s no party, not being able to breathe freely.  In fact, its terrifying when you discover yourself unable to catch your breath any time your do any exercise at all.  For me, even walking up a flight of stairs seemed beyond what I was able to do.  I thought I was going to die, and the more afraid I became, the more difficult I found it to catch my breath.

The doctor told me that it wouldn’t likely kill me to breath, no matter how short of breath I am.  Her advice was helpful, although I’m not sure I actually believed her when she told me.

What was more useful was sharing the experiences of the other students within the context of the classes, where we were encouraged to stretch ourselves and learn to manage our boundaries while improving our cardio vascular  health.  We walked, biked and did stretching exercise as a group, with the instructors monitoring our oxygen levels and pulse levels.

After six weeks I gained insight into better management of my health, and an improved sense of opportunity to control my future.

Before I started the class I had already begun to walk and do more exercise four or five days a week.  After completing the program I’m committed to walking and exercising more, as well as changing my diet to improve my weight.  I know that doing so will also improve my diabetes and blood sugar levels.

I no longer feel so dis-empowered by my COPD, and see it as somewhat similar to my diabetes, which I also resented like crazy when I was first diagnosed.  Just as I have learned to manage my blood sugar levels through a combination of medications, insulin, exercise and diet, over the past ten years I will get control of my cardio vascular health, and reduce to a minimum the impact of COPD on my life.

I have learned that just because it’s hard as hell to breath when I exercise is no reason to stop exercising.  In fact, the opposite is a fundamental truth.  Use it or lose it, as the old saw goes.

I now make real effort to get and walk every day, and to exceed the minimums recommended in the class.

Instead of taking the shortcut every time, I’m learning to take the longer road home

 

 

 

 

 

 

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