Kenneth Rijock

Kenneth Rijock

Thursday, March 2, 2017

NEW EVIDENCE CONFIRMS THAT CAYMAN GANG OF FOUR SOLD BOGUS HIGH YIELD INVESTMENT PROGRAMS TO UNSUSPECTING CANADIAN RETIREES


Newly-discovered evidence, currently being reviewed by investigators, in the Cayman Gang of Four  case, have located correspondence, and associated documents, that confirms the Gang was selling non-existent and fraudulent High Yield Investment Program (HYIP) to some of the elderly Canadian pensioners and retirees. Specifically, letters to victims, from former Leon Frazer & Associates, Inc., then the Chairman of the Board of Directors William Tyunkaluk, confirming "transactions," which, in truth and in fact, never existed, have been recovered.

For readers with a non-financial background, HYIP investments, which promise super-high rates of return, like 10%, per month, do not, nor to they ever, exist in the marketplace. In this case, Tynkaluk claimed that the investments were made through the US Federal Reserve System, yet another fabrication. Other members of the Gang of Four assisted in the fraud, which involved promising extraordinary returns, through some magical, inside connection with the US Government, which was a material misstatement of fact. No due diligeence was ever performed upon the HYIP, by either William Tynkaluk or Leon Frazer.

The actual processing of victim's capital for the bogus HYIP "investment" appears to have gone from the Gang Ringleader, Sharon Lexa Lamb, to the fugitive stock trader, Alberta native Ryan Bateman. There is, of course, no record of any returns on the investment, as it was never placed anywhere; it went right into the hands of the Cayman Gang of Four, who are Lamb, Bateman, Tynkaluk, and Derek Buntain.

As more information becomes known, in the continuing investigation, and it is shared with your blogger, we shall publish follow-up stories about the Cayman Gang of Four scandal.
  

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