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[snafur]

Ich stell das mal unkommentiert so rein, hat mich doch zum Schmunzeln gebracht.

BCSC-banned Kuhn now doing "God's work"


2007-09-25 16:11 ET - Street Wire

by Mike Caswell

Four years ago, a judge in the Cayman Islands sentenced former Vancouver broker Brian Kuhn to three years in jail. Mr. Kuhn, 47, had pled guilty to defrauding investors of $2-million (U.S.) through a Cayman Islands-based mutual fund. After completing his sentence, he left the Cayman Islands and eventually returned to Canada.

Today, Mr. Kuhn is making a name for himself in Vancouver. He is running a purported Christian organization called Glorytown, which says it is doing the work of God by helping the less fortunate. It is raising money for real estate projects and retirement homes in B.C.

He is also working at Strategic West VenCap Corp., a Calgary company that solicits investments for land development.

Mr. Kuhn's activities there have attracted the attention of the Alberta Securities Commission. In a notice of hearing filed two weeks ago, the ASC alleged that his work at Strategic West "poses a risk of future misconduct" that could harm investors. Based on his Cayman Islands conviction, the ASC is seeking to ban Mr. Kuhn from the markets.

Kuhn's brokerage career

While the ASC's brief notice outlines Mr. Kuhn's Cayman Islands charges, the document does not detail his Vancouver past.

Starting in 1996, Mr. Kuhn had a brief, but lively, brokerage career. He started at Wolverton Securities Ltd. in February, 1996, and moved to Union Securities Ltd. that October.

Trouble soon followed. After less than two years at Union, Mr. Kuhn was dismissed. In November, 2001, Union filed a $120,000 lawsuit against him, alleging that several of his clients came forward after he left with claims of dishonest and negligent dealings.

By the time it filed the suit, Union had already paid out $97,000 to those clients. Among them was Haibeck Communications Group Inc., which received $77,200 after Mr. Kuhn refused to sell its holdings in Canada Payphone Corp., an in-house promotion at Union.

Union also paid $20,000 to three clients who bought shares in Capital Technologies, which was not registered for trading in B.C. The brokerage sought appropriate damages from Mr. Kuhn, but he never responded to the allegations and the case has not gone before a judge.

After Union, Mr. Kuhn went to IPO Capital Corp., where his actions earned him some attention from the B.C. Securities Commission. Without doing proper due diligence, he stuffed 31 client accounts with $175,000 worth of seed shares of North American Marketing, a private company promoting tire polishers.

Some of his clients made cheques payable directly to the company's principals, William Moll and Glen Rosen. Investors also wrote cheques to Mr. Kuhn's then-wife, Dana Ratzlaff. The investments were all made on the false premise that the company had projected sales of over two million bottles of a product called Tire-Glo in 2001.

"Kuhn failed to exercise sufficient due diligence on behalf of his clients with respect to the North American Securities," reads an agreed statement of facts, signed by Mr. Kuhn.

Mr. Kuhn agreed to a seven-year ban from acting as an officer or director and from performing investor relations. It remains in effect until September, 2009.

Kuhn goes to the Cayman Islands

With his Vancouver brokerage career done, Mr. Kuhn moved to the Cayman Islands and set up a mutual fund dealer called Sovereign Capital. Its sole purpose was to solicit investments in Medical Capital Corp., an established company that buys medical receivables.

As a result of his solicitation, he raised $2.9-million (U.S.) from investors between April, 2002, and May, 2003. Only $800,000 (U.S.) made it to Medical Capital, however. Mr. Kuhn used the remainder, $2-million (U.S.), for his own purposes, including a $100,000 (U.S.) down payment on a luxury Florida condo.

As authorities were investigating his dealings, Mr. Kuhn attempted to leave the Cayman Islands. He packed his bags and boarded a flight to Fort Lauderdale, Fla., on May 30, 2003. Unfortunately for him, one of the investors in his fund spotted him and reported his attempted departure to police; he was arrested on the plane.

Mr. Kuhn eventually pled guilty to 10 charges of theft of investor funds and received a sentence of three years. He was released after serving one year and left the Cayman Islands.

After his release, a Cayman Islands judge handed down seven compensation orders that required Mr. Kuhn to repay the stolen money. If he did not pay, he would have to serve a six-month sentence for each unpaid order.

Ultimately, the orders had no effect. Mr. Kuhn had already left the country by the time the judge issued them and prosecutors were unwilling to pursue the matter in a foreign court.

Kuhn comes back to Canada

Also not mentioned in the ASC notice is Mr. Kuhn's work on building "Glorytown" and its Vancouver connections. Earlier this year, the former broker turned up in Canada, claiming his experiences "broke [him] spiritually and positioned him as an empty vessel that God could use."

He posted the claims on his website, www.briankuhn.net. He said God "began imparting into him a vision called Glorytown."

It is not clear exactly what Glorytown is, but the creator of Mr. Kuhn's website, North Vancouver resident Ryan Dahl, said the organization is dedicated to helping those in need. It is raising money to "help cities become more focused on the needs of the unfortunate people."

"Glorytown" clearly has connections to B.C.; Mr. Dahl met Mr. Kuhn in Vancouver nine months ago, and they have worked together on the idea since. He said Mr. Kuhn comes to town from time to time.

Religious overtures are a very important part of the organization. "We spend money just to have teams pray for us," Mr. Dahl told Stockwatch.

Mr. Dahl said he is aware of Mr. Kuhn's past, but he believes that he has changed his ways. "Are you the same person you were five years ago?" he asked.

Also posted on the website, was Mr. Kuhn's explanation of his past. He said several organizations, including Union Securities and the Cayman Island Attorney General, bullied or betrayed him. He claimed Union Securities paid for a 2002 story in Stockwatch about his brokerage-related sins.

For reasons not clear, Mr. Dahl took the site down as soon as he learned Stockwatch was reading it. "It would be extremely misleading if you used information from there," he said.

Mr. Kuhn was not available to comment on this story. Reached on his cellphone, he said he was in a meeting; after that he would be out of the country until Oct. 12.

The ASC has scheduled a hearing against him on Oct. 11.

[Erdmann111]

Antwort auf Beitrag Nr.: 31.743.674 von snafur am 26.09.07 00:32:16

..na, tolle Wurst,

wer soll sich das denn alles durchlesen?



MfG Didi

[snafur]

Antwort auf Beitrag Nr.: 31.743.704 von Erdmann111 am 26.09.07 00:39:17

Die Aufmerksamkeitsdefizit-/Hyperaktivitätsstörung (ADHS) (auch als Aufmerksamkeitsdefizit-/Hyperaktivitätssyndrom oder Hyperkinetische Störung (HKS) bezeichnet) ist eine bereits im Kindesalter beginnende psychische Störung, die sich primär durch leichte Ablenkbarkeit und geringes Durchhaltevermögen, sowie ein leicht aufbrausendes Wesen mit der Neigung zum Handeln ohne nachzudenken, häufig auch in Kombination mit Hyperaktivität (ADHS), auszeichnet. Etwa 3-10% aller Kinder zeigen Symptome im Sinne einer ADHS. Jungen werden deutlich häufiger diagnostiziert als Mädchen. Die Symptome können mit unterschiedlicher Ausprägung bis in das Erwachsenenalter hinein fortbestehen.

http://de.wikipedia.org/wiki/ADHS

[Erdmann111]

Antwort auf Beitrag Nr.: 31.743.739 von snafur am 26.09.07 00:51:59

..übersetze es doch einfach, statt hier medizinische Erläuterungen
von Wikipedia zu kopieren, Schlaumeier.


MfG Didi

[snafur]

Antwort auf Beitrag Nr.: 31.743.750 von Erdmann111 am 26.09.07 00:55:29

Der Begriff Faulheit bezeichnet ursprünglich den Zustand schlecht gewordenen Obstes und anderer Pflanzen, auch verwesender Tiere (Kadaver), im Sinne von Fäulnis (von faul).

Im übertragenen Sinn bezeichnet er, was in Abwesenheit anderer Erklärungen den Menschen von innen heraus abhält zu arbeiten. Die verschiedenen Interpretationen der Faulheit reichen von einer allgemeinen Tendenz des Menschen zur Ruhe bis zu schlechtem Charakter des einzelnen. Ebenso reicht daher die Verwendung des Wortes von einem Einfordern gerechter Erholung bis zum Schimpfwort.

Der Begriff Trägheit wird oft ähnlich verwandt. Er hat aber zusätzlich ein Element der Langsamkeit und umgreift im Christentum auch die für die Sündenlehre wichtige "Trägheit des Herzens".

http://de.wikipedia.org/wiki/Faulheit