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To: Cogito Ergo Sum who wrote (88804)4/6/2012 3:48:52 AM
From: average joe  Read Replies (1) | Respond to of 218083
 
A Toronto pastor conducted an investment fraud that took more than $8-million from colleagues and parishioners – including a stay-at-home mother with two blind children, the Ontario Securities Commission has concluded.

Marlon Hibbert, pastor and founder of Dominion World Outreach Ministries in Toronto, lied to investors about using their money in a foreign-exchange trading strategy and falsified monthly statements to make it look like they were earning a profit, according to a ruling Thursday by OSC commissioner James Carnwath.

“By virtue of Hibbert’s deceptions and untruths, many investors lost their entire investment,” the ruling concludes. “To date they are owed more than $8.2-million in principal, to say nothing of the promised returns of more than $13-million.”

The OSC has not scheduled a hearing yet to decide on a penalty in the case, but the regulator has the power to impose fines and prohibit people from working in securities-related jobs.

Mr. Hibbert was prominent in Toronto’s black community and many of his victims met him through those connections. He was a founder of the Fight for Justice organization, which advocates on behalf of the African-Canadian community in the city.

The OSC ruling said a forensic accountant concluded Mr. Hibbert raised $8.4-million from investors and took $673,000 for himself, using some of the money to make donations to charities and some to pay credit card bills, school fees, hotels and gym memberships.

Mr. Hibbert lied to victims by telling them he was using their funds in a successful foreign-exchange scheme, but there was no evidence he ever made a profit on any investments he made. Investors believed their funds were safe and earning returns when instead Mr. Hibbert was racking up large losses.

“He lied to investors when he tried to explain why the payments of principal could not be made and provided a litany of excuses, which were untrue, as to why repayments of principal were not possible,” the ruling said.

The decision said one victim who testified at the OSC hearing in the case was a stay-at-home mother with a son who is both blind and autistic and a second son who is blind. She said she and her husband invested $60,000 with Mr. Hibbert in 2006 and 2007 that they had received from her mother-in-law’s estate.

When she asked for half of the investment to be paid out in 2009, she met with a series of delays and explanations about why the funds could not be paid. Eventually she learned Mr. Hibbert was under investigation and the money would not be returned.

At the hearing, the unidentified woman was asked about the impact on her family and replied, “This is where I cry.”

“She described her desire to establish security for her oldest son who would probably never work,” the ruling says. “[She] said she wanted to put an end to Hibbert living off other people’s money.”

Another victim, a part-time teacher, said the impact of her investment losses was “pretty devastating” and she and her husband had to sell their house and move their three children into a small rental unit.

The OSC said Mr. Hibbert conducted the fraud through a company called Power to Create Wealth Inc., whose name later changed to Ashanti Corporate Services Inc.

theglobeandmail.com



To: Cogito Ergo Sum who wrote (88804)4/10/2012 4:39:35 AM
From: average joe1 Recommendation  Read Replies (2) | Respond to of 218083
 
Portuguese is mas dificil.... Espanol is easy you just add either o or a to the end of every word and you are half way there. iPad has a couple of good apps but google translate and music are the best tools.

We stayed at a ranch in Brazil once upon a time, the ranchers' Zebu cattle were from India his Arabian horses were from Spain and his wife was from Spain and they all spoke Spanish, the people that is... I was with someone that spoke classical Spanish and when we left he remarked they spoke Spanish like Mexican bandits.
youtube.com

Good to know a bit of slang to and some swear words... mexicoguru.com

amazon.com

The best way it to pick a song you like - google the lyrics - google translate the lyrics.
translate.google.ca

Here are three good ones with the last one translated.

Bebe - Siete Horas
youtube.com

Calle 13 - Atrevete te te
youtube.com

La Mayonesa
youtube.com

Y haciendo palmas y arriba y arriba
es el coro que arranca que dice que dice
bate que bate eeee el chocolate eeee
bate que bate
bate que bate que bate el chocolate

Un tatuaje en la espalda
negra la mini falda
zapatos y el top
misteriosa ella bailaba
yo la estaba mirando desde que llego
de repente su mirada en mis ojos se clavo
sosteniendo la mirada se acerco y sin decir nada
me agarro fuerte la cara y a la pista me arrastro

Coro

MA-YO-NE-SA ella me bate como haciendo mayonesa
todo lo que habia tomado se me subio pronto a la cabeza
MA-YO-NE-SA ella me bate como haciendo mayonesa
no se ni como me llamo ni donde vivo (ni donde vivo) ni me interesa

Y haciendo palmas y arriba y arriba
es el coro que arranca que dice que dice
bate que bate eeee el chocolate eeee
bate que bate
bate que bate que bate el chocolate

Un tatuaje en la espalda
negra la mini falda
zapatos y el top
misteriosa ella bailaba
yo la estaba mirando desde que llego
de repente su mirada en mis ojos se clavo
sosteniendo la mirada se acerco y sin decir nada
me agarro fuerte la cara y a la pista me arrastro

Coro (bis)

Mayonnaise

And clapping and up and up
is the chorus that starts saying that says
bat bat eeee eeee chocolate
bat bat
bat bat bat chocolate

A tattoo on the back
the black mini skirt
shoes and the top
she danced mysterious
I was looking at since arriving
suddenly his eyes staring at my nail
holding the eye came over and said nothing
I hold strong face and dragged me to the track

choir

NE-YO-MA-SA she beats me as making mayonnaise
everything that I had taken the lead went up soon
NE-YO-MA-SA she beats me as making mayonnaise
do not even know my name or where I live (or where I live) nor do I care

And clapping and up and up
is the chorus that starts saying that says
bat bat eeee eeee chocolate
bat bat
bat bat bat chocolate

A tattoo on the back
the black mini skirt
shoes and the top
she danced mysterious
I was looking at since arriving
suddenly his eyes staring at my nail
holding the eye came over and said nothing
I hold strong face and dragged me to the track

Chorus (repeat)