Article: Former Canadian Gaming Minister Tap Dances in Money-laundering Investigation

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Former Canadian Gaming Minister Tap Dances in Money-laundering Investigation

Erik Gibbs, 17 May 2021

As British Columbia (BC), more than a decade later, still tries to get to the bottom of a massive casino money-laundering saga, it seems that there are more questions than answers being raised. The government-led inquiry, dubbed the Cullen Commission, into how hundreds of millions of dollars could have been allegedly laundered right under regulators’ and casino executives’ noses without their knowledge has shed light on a series of failures in the industry. However, it isn’t any closer to wrapping up. It might not be for some time to come, as certain people involved at the highest levels allegedly have a difficult time providing accurate and consistent stories. One of these is Rich Coleman, a former BC gaming minister, who seems to have trouble sticking to his story. Continue reading “Article: Former Canadian Gaming Minister Tap Dances in Money-laundering Investigation”

Article: Former gaming minister agrees ‘unfair’ to cop who said ‘something stinky’ at casinos

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Former gaming minister agrees ‘unfair’ to cop who said ‘something stinky’ at casinos

Canadian Press, 14 May 2021

VANCOUVER — British Columbia’s former gaming minister said comments he made more than a decade ago about a top-ranking financial crime investigator’s concerns about “something stinky” going on at provincial casinos were not fair.

Rich Coleman was recalled to testify Friday at the public inquiry into money laundering to face more questions about statements he made in January 2011, disputing media comments by former RCMP inspector Barry Baxter. “I probably got too broad in saying that,” said Coleman, who is the inquiry’s last witness. “I probably went a little too far out with my answer. It may have been unfair.” Continue reading “Article: Former gaming minister agrees ‘unfair’ to cop who said ‘something stinky’ at casinos”

Article: Is There A Huge Naked Short on Helium Explorer Avanti Energy?

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Is There A Huge Naked Short on Helium Explorer Avanti Energy?

Editor OilPrice.com, 12 May 2021

Aggressive short sellers, now being targeted by Canadian regulators, are believed to have shorted a shocking 11 million shares of helium miner Avanti Energy in Canada since 2019, most of it in the past two months alone.

That makes Avanti Energy a large target of short-sellers seeking to enrich themselves by destroying companies, even as Canadian regulators are about to tighten the screws on these out-of-control—and naked—shorts. Continue reading “Article: Is There A Huge Naked Short on Helium Explorer Avanti Energy?”

Article: B.C. Attorney General David Eby to testify at money laundering inquiry

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B.C. Attorney General David Eby to testify at money laundering inquiry

Canadian Press, 26 April 2021

VANCOUVER — The politician who set the wheels in motion for the money laundering inquiry in British Columbia will testify before the commission today.

David Eby has been called before the Cohen Commission to testify both as the current attorney general and for his role as the former Opposition critic for gaming in the province. Continue reading “Article: B.C. Attorney General David Eby to testify at money laundering inquiry”

Article: Former B.C. premier Christy Clark to face questions from money laundering inquiry

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Former B.C. premier Christy Clark to face questions from money laundering inquiry

CBC News, 20 April 2021

Former Premier Christy Clark will testify Tuesday at the official inquiry investigating the scope and impact of money laundering in B.C., answering questions as to how much her cabinet knew about the crisis that grew during its tenure.

Clark, who was premier from 2011 to 2017, is the first of several present and past politicians to appear this month before the Cullen Commission, which is investigating the causes and impact of B.C.’s money laundering problem over the past decade. Continue reading “Article: Former B.C. premier Christy Clark to face questions from money laundering inquiry”

Article: Arrested RBS forex trader named as Paul Nash: sources

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Arrested RBS forex trader named as Paul Nash: sources

Jamie McGeever, Kirstin Ridley, 08 January 2015

LONDON (Reuters) – Royal Bank of Scotland currency trader Paul Nash has become the first individual arrested in connection with a global inquiry into alleged manipulation in the foreign exchange market, sources familiar with the matter said on Thursday.

Nash, who was suspended by RBS in 2013, was named by the sources as the man arrested in Billericay, southeast England, on Dec. 19. One of the sources said his arrest came only days before he emigrated to Canada.

Nash emigrated to Canada on Christmas Day and has rented out his family home, the source said. His arrest was not by appointment, as is typical in such cases, but was an “arrest and raid”, the source added.

Nash, who has not been charged with any offense, appeared at Westminster Magistrates’ Court on Dec. 23 over variations to his bail conditions, a court official confirmed. These included that he would reside at a specified address in British Columbia.

Britain’s Serious Fraud Office (SFO) said only that a 48-year-old man had appeared at the London court on Dec. 23 in connection with a global investigation into allegations of manipulation in the $5.3 trillion-a-day forex market.

The increasingly aggressive agency, which is preparing for the trials this year of individuals alleged to have manipulated global benchmark interest rates, said last July that it might file the first charges in the high-profile inquiry this year.

About 30 forex traders have been put on leave, suspended or fired as prosecutors and regulators continue to examine allegations of wrongdoing in the world’s largest market.

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