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 MontyJoined: 13 Apr 2006 Total posts: 409 Gender: Unknown
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 Posted: 06/ 06/ 09 6:18 am Post subject: 100 Huntley Street in peril? |
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Did the Mainse brothers only lose their own money in this Ponzi scheme or did they also gamble with ministry money?
http://www.thespec.com/article/569481
Local man accused in $14m Ponzi scheme
SEC files allegations in U.S. court
May 21, 2009
Steve Buist
The Hamilton Spectator
(May 21, 2009)
A Freelton man who describes himself as a software developer and aspiring screenplay writer is accused in a California court of running a $14-million US Ponzi scheme.
Gordon Driver and his company, Axcess Automation, are alleged to have defrauded more than 100 Canadian and American investors since 2006 by promising them weekly returns on their investment as high as 5 per cent, based on special software he says he developed to trade futures.
Among those who invested in the alleged Ponzi scheme, court documents say, are Ron and Reynold Mainse, sons of David Mainse, founder of Burlington's Crossroads Television and 100 Huntley Street.
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Hodgson
Joined: 09 Apr 2004 Total posts: 3062 Gender: Male
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| Posted: 06/ 06/ 09 6:25 pm Post subject: |
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Haven't heard anything about that.
On a side note...
Do any Christians watch this show anymore? It seems suck in the 80's to me. |
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Thistle, Shamrock, Rose E
Joined: 13 Jul 2002 Total posts: 2511 Gender: Male
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| Posted: 06/ 07/ 09 9:18 am Post subject: |
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| Hodgson wrote: | Haven't heard anything about that.
On a side note...
Do any Christians watch this show anymore? It seems suck in the 80's to me. |
I caught an episode a couple of weeks ago. They interviewed Serge Le Clerc and the author of a new biography on C. S. Lewis. Not heart-pounding entertainment, but still not bad.
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The Thistle, Shamrock, Rose Entwine the Maple Leaf Forever! |
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Ontario Loyalist
Joined: 23 Aug 2008 Total posts: 207 Gender: Unknown
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| Posted: 06/ 10/ 09 3:12 pm Post subject: |
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| Hodgson wrote: | Haven't heard anything about that.
On a side note...
Do any Christians watch this show anymore? It seems suck in the 80's to me. |
It has changed with the times to a certain extent, but I'm not sure why Christians should be overly concerned about conforming to modern trends in the first place. |
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styky
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| Posted: 06/ 10/ 09 3:22 pm Post subject: |
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In order to get caught in a ponzi scheme you have to be putting money up that you were fully aware you could lose all of for the sake of gaining more than reasonable amounts. In other words you are caught by your own greed.
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Angleland
Joined: 23 Feb 2005 Total posts: 5448 Location: Ireland Gender: Male
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| Posted: 06/ 10/ 09 3:36 pm Post subject: |
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100 Huntley is probably a thorn in someone's side. It would be front and centre in the Red Star and the Mop and Pail if ministry money had been gambled. They don't bash the Orthodox that I have ever heard so I having nothing bad to say about them.
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