“Linda Louise Wright Pickton Clan & The Guild Socialist Ensemble Recorded Live”
“[Spoliation inference that BBA panel banks and their professional associates arranged an unlawful Libor-rated mortgage to develop a snuff film studio at the Pickton pig farm where Sidley Austin paid out of escrow rewards according to delivery of digital images which bound Piggy’s Palace borrowers to Piggy’s Palace lenders for life and beyond]$10M mortgage on pig farm
Steve Mertl
Canadian Press
Sunday, August 21, 2005
VANCOUVER --The B.C. government has put a mortgage worth $10 million on accused serial killer Robert Pickton's notorious pig farm to cover his publicly funded defence, The Canadian Press has learned.
Robert Pickton's farm in Port Coquitlam, B.C. December 20, 2004. (CP/Chuck Stoody)
But no one at the Attorney General's Ministry will say if that figure represents the estimated cost of Pickton's seven-member legal team in the long and hugely complex case.
And Robert Pickton's share of the property _ his brother and sister are co-owners _ is currently worth only a fraction of that amount. It's also saddled with several other mortgages and legal judgments that pre-date the province's mortgage.
Even if it could be sold, relatives of the Pickton's alleged victims have other ideas for the land, including turning it into a memorial park or using proceeds of development to compensate the families.
The government's mortgage was registered on the suburban Port Coquitlam property and a nearby smaller parcel, on Feb. 28, 2003, a year after police raided the farm and arrested Pickton.
He faces face 27 counts of first-degree murder related to women, mostly drug-addicted prostitutes, who disappeared from Vancouver's seedy Downtown Eastside in the 1990s. He has not yet entered a plea, and the legal process against him has not as yet resulted in any court findings that he was responsible for any of the deaths.
Documents obtained by The Canadian Press show a mortgage principal of $10 million with no interest rate and no repayment schedule [Libor Minus Sex %!].
The lender is listed as the B.C. Crown, represented by the attorney general. The mortgage was handled by a lawyer for the ministry's legal services branch, who authorized its registration in a Feb. 27 letter to the New Westminster land title office. Pickton, his brother David and sister Linda Wright each own one-third shares in the pig farm located on Port Coquitlam's Dominion Avenue, which they inherited from their parents. The Pickton brothers split the ownership of the smaller Burns Road property that housed Piggy's Palace, often used for parties.
B.C. Assessment, which tracks property values for tax purposes, valued the seven-hectare pig farm at about $5.9 million as of last fall, up from $4.2 million in the previous assessment. The Burns Road property is assessed at about $140,000.
Both are still zoned for agricultural use, although the surrounding land, some of it former Pickton property, was rezoned and now has big-box stores and condominiums. Pickton lived in a mobile home on the Dominion Avenue property, running a small-scale piggery and slaughter operation. The brothers also ran a variety of other small businesses from there.
Attorney General's Ministry officials would not say whether the $10 million figure is an estimate of the properties' future value or perhaps a ballpark figure for the cost of Pickton's defence.
"I'd love to answer your question but it's not a matter of choice,'' said assistant deputy minister Jerry McHale, responsible for justice services.
"I'm bound by the confidentiality. We just can't get into the funding arrangements during the trial.''
Attorney General Wally Oppal was unavailable for comment.”
“Secret Libor committee clings to anonymity after rigging scandal The committee has so far failed to levy sanctions against banks that have admitted to manipulating the rate Liam Vaughan /Bloomberg … Benchmark-setting is a process which affects the public good in that it brings certainty to markets, said Greg Ford, a spokesman for Finance Watch, a Brussels-based public interest lobby group. For that reason it needs the highest forms of governance and protection. Anonymity doesn’t fit that at all. How can you control conflicts of interest when you don’t know who you are dealing with? Spokesmen at Credit Suisse Group AG, Royal Bank of Scotland Group Plc. and UBS AG declined to comment on whether they have any representatives on the committee, or their identities. Barclays Plc., Deutsche Bank AG, HSBC Holdings Plc., Bank of America Corp. and Citigroup Inc. didn’t reply to emails seeking information on their involvement in the committee.”
More to come.
Presidential Mandate
Abel Danger
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.