Welsome to the TCIR, the website for TCI Investment Club members!

 

A money laundering scheme using a promise of lottery winnings has resulted in arrests of 2 London area people and some in Toronto. It's odd that the names have not been released. 
http://eedition.lfpress.com/epaper/viewer.aspx?noredirect=true

Holiday Season is upon us and we wish everyone a joyful time with family and friends.

Years ago we had heard of a scheme being run in the Sarnia area. The perpetrator of this Ponzi scheme has been sentenced to 6 years in prison after being convicted last December of 28 fraud related charges. John Paul Baron, 55, of the Toronto area, was convicted of stealing 3 million dollars from duped investors.
Bill Rath and Ross Alexander's TCI scheme brought in tens of millions of dollars stolen from several hundred investors. We wonder how much prison time that should be worth?

Happy Thanksgiving weekend to all! To TCI members, we have much to be thankful for this year. Ross Alexander is in bankruptcy and Kevin Rath has been exposed after obtaining a mortgage agents' licence. We are thankful that the Bankruptcy Courts and Financial Services Agency are willing to look into their activities.

 Despite the cease and desist order, Capstone seems to be continuing the same advertising, seen in London, Komoka and Strathroy. Since they still promise 8% returns, in writing etc, we wonder what product they are promoting now? It's interesting that their ads do not list their name...perhaps this is to keep consumers from checking up on Capstone online before their appointment!

To Capstone Investors: If you have concerns about your investment, contact the FSCO and reference this posting: https://www.fsco.gov.on.ca/en/about/enforcement/cdo/Pages/ico-capstone-watson-ext.aspx

Capstone Financials has been ordered to "cease and desist", to stop selling mortgage-related investments or face fines up to $200,000 or jail time. After reports were made to the FSCO in March, they have obviously continued their investigations and concluded that this company should not be selling mortgages. No mention is made of the fate of Kevin Rath, the agent who was originally acting as mortgage broker with Watson. http://eedition.lfpress.com/epaper/viewer.aspx