Foundation Capital Harvest Group of C...
Other projects

Edmonton, Canada

#625 May 21, 2012
Anyone know details on the Stoney Crossing project? Harvest said that apexland.com would be helping with it, but I don't see anything on their site.
Hang em High

Edmonton, Canada

#626 May 22, 2012
The incestuous relationship between Olympia, Rick Skague and Eyelogic has been bothering me.

For just Airdrie and Legacy they charged $16,600/ month in admistration fees. I think Eyelogic is probably charging that in all 18 projects Harvest has on the go. So let's average, estimating all other projects may be higher or lower, so if we multiply $16,600 X 9 that's $149,400/month X 12 months is about 1.8 million per year. Now mulitply that by 5 years, that's almost 9 million dollars over 18 projects. What the hell are they administering for all that money? We pay our personal admin charges from Olympia on our own accounts every year. So does anybody have any idea what these charges are for?
Nelly-Chilliwack

Chilliwack, Canada

#627 May 22, 2012
Re: Daved - I am also wondering why Olympia Trust is the trustee for FM3 and no word from them regarding FM2 - just a letter from Harvest Capital in February saying "if and when assets are sold you may receive lump sum payments" - end of story?? So thoroughly confusing to determine who and what is connected with what and who!! As well, no word on StoneyView from anyone. Is there any information out there on that project? Thanks to everyone on this forum for any insight.
Ernie

Meadow Lake, Canada

#628 May 22, 2012
Hi if you look back at some of my earlier posts I mentioned Mr Skauge as chairman of both Olympia trust and Eye logic and I believe the number was about 60,000. a month in fees. Oh and its all above board, ligit and most importantly at arms length. I am wanting to hear more details from you folkes so that we can name everybody possible in a class action suit so send me the names of everyone that you know that sold this wall paper-not that nice looking on the walls-the companies they were affiliated with etc. When you tried to get a hold of the people that sold it to you have they by chance said somthing along the line "gee I am not working with those projects any longer" Instead of helping us as nice as they were when they wanted us to invest now they don't want to barely talk to us. My list will include as many names of the brokers as I can get. My arm length is 32" just long enough to drag them all to the front door of the Court house and some to jail where they will find out what arms length is all about!!!!! So get in touch with me.

Since: May 12

Location hidden

#629 May 22, 2012
Eyelogic has been named as a defendant in a class action lawsuit commenced by certain individual
plaintiffs against Shire International Real Estate Investments Ltd. and various other defendants
(collectively referred to as “Shire”). Eyelogic is the controlling shareholder of certain entities created
by Shire.
Eyelogic has been named as a defendant in a lawsuit relating to its investments in Bridgegate
Financial Corporation and Bridgegate Mortgage Corporation. Eyelogic is the controlling shareholder of
both entities.
Eyelogic has been named as a defendant in a lawsuit relating to its investments in Diamond Key Capital,
Keystone Communities Ltd and Lake House Capital Ltd. Eyelogic is the controlling shareholder of
each entity.
Eyelogic is of the view that all claims are entirely without merit and intends to vigorously defend the
actions. All of the claims, potential claims and contingencies described above remain at an early stage
and an estimate of the loss, which might be incurred, if any, cannot be determined.

Find the lawyers in these lawsuits

Since: May 12

Location hidden

#630 May 22, 2012
Ernie: Your suspicions about Eyelogic are correct. The above was from Eyelogic 2010 annual report.As you have the time, find the class action lawyer in the Shire case and lawyers in other cases. The modus operandi of Eyelogic appears to be the same as in the Foundation mess.There are other links between Shire and Foundation- maybe a common history of business association among founders.
Ernie

Meadow Lake, Canada

#631 May 22, 2012
Thanks Rodin for this info and the wheel just keeps turning. I suspect that Olympia is part of the wheel since the ceo is the same as eye logic. If you have info that might be valuable send it to me at my e mail. At this point I need all the help I can get. I have had several people contact me and some of the investors have no more to give. I appreciate all your support and look forward to more of you contacting me.
Hang em High

Edmonton, Canada

#632 May 23, 2012
This is from Olympia Trust 2008 Financial Report:

Related parties
During the year, Olympia entered into
transactions with the following related parties:
• Companies controlled by the president
of Olympia Trust Company and Olympia
Financial Group Inc.
• Companies controlled by management
of Olympia Trust Company and Olympia
Financial Group Inc.
• Companies controlled by directors of
Olympia Trust Company and Olympia
Financial Group Inc.
• Eyelogic Systems Inc., a company under
common control.

I interpret this as Eyelogic being under common control Skauge, Olympia Trust and Olympia Financial.

Below is a section from a lawsuit in the Shire case, of what Eyelogic's duties are supposed to cover
In particular, Eyelogic made insufficient or no effort to ensure or determine that the
companies and their principals were legitimate, that the Offering Memoranda were accurate and
compliant with securities laws or that the Project were being properly managed. Further, it did
not remove the personal Defendant from positions of control in the Project Companies despite
becoming aware of reasons to do so.

Rodin, please correct me if I'm wrong here. Does this mean that Eyelogic has also been neglectful in the matter of Foundation & Harvest for charging fees, but not doing their due diligence with Harvest/Foundation?

Also, if Eyelogic is under common control of Olympia Trust & Financial, then Oylympia could also be in breach of contract here, and also be liable?

Eyelogic's fees are charged for keeping a watchful eye for Investors, which they have obviously failed at.

Rodin, am I on the right track here?

Since: May 12

Location hidden

#634 May 23, 2012
I believe you are correct. The companies are interconnected by Skauge. He is beholding to Aitken for the contracts that give him the steady flow of fees but as a trustee his duties are to the investors. If any oversight had been conducted by Skauge he would have seen the problems years ago. No reason not to sue him. His companies are a sham and he should be personally liable.
It makes me even more suspicious in that he has not acted sooner to foreclose on some properties.
The best thing that can occur is everything is put in bankruptcy. Currently whatever equity is left is being drained by their fees. Really how much can one charge to look after dirt. Given the fees these people charge, farmers would be millionaires by simply sitting on their porch and charging fees to look.
A bankruptcy trustee directing a battery of lawyers would still be cheaper than what is occurring now.
Hang em High

Edmonton, Canada

#635 May 23, 2012
Speaking of the ASC, here is a quote from an investor after the Concrete Equities settlement.

Jim Simpson, who lost about $100,000 in three properties, also wonders where the ASC was earlier in the process.

"There was lots of advertising, big noise, why couldn't the ASC pick up on it?" he wonders. "What's a watchdog do, wait until somebody kicks it?

"A watchdog is supposed to react to warning signs. It shouldn't be barking after the thieves have left."


Ernie

Meadow Lake, Canada

#636 May 23, 2012
Rodin thanks for the info and insight on this mess. Also Hangem thanks. Time to hangem higher! Now rodin I suspect that good old Judge Romaine also has a past relationship with some of the good ole boys. My gut tells me Rodin that you know a great deal more and it might be time for a little chat to make sure I am still on target. Thanks
Ernie
patsy

Airdrie, Canada

#637 May 23, 2012
"Incest" and all its permutations are too sterile to describe this company, its officers, and its related parties. I am continually amazed that arrangements like these are deemed legal or acceptable by the ASC and by the court.
The motives, reasoning, and rationale of the ASC members and the judge overseeing these proceedings are suspect.
The company and its officers continue to carry on, collecting their fees, with impunity.
Logic has left the building.
SpitFire

Regina, Canada

#638 May 23, 2012
WTF wrote:
BTW... has anyone started filing complaints with the Securities commissions about these clowns? The Agents? Ron? Has anyone contact a lawyer about class action? If so, please share your info.
I know of one Commission who has been looking into Foundation for 2 1/2 years. This is such a massive fraud that it would take dozens of investigators years to track down where it all has gone. They will have to recommend charges to Commercial crime for it to even be looked at by the police. But, they will eventually. It would just be easier to give justice to all involved individually and personally......
Ernie

Meadow Lake, Canada

#639 May 23, 2012
Just for interest sakes I have been digging around about shire and found this http://sites.google.com/site/shireinvestor/Ho... if you want to check it out. Pages 13-15 speak about eyelogic and the number of companies they are involved with doing just what harvest is doing. It doesn't list them all but there is 170 of them and if anyone has the list would you please post it.
Ernie

Meadow Lake, Canada

#640 May 23, 2012
SpitFire I agree with you when you say "it would be easier to give justice to all involved. We need to bear down on these guys one at a time and get them serving time . How many more frauds have to be perpetrated on individuals looking for investments to help them reach their one big goal-RETIREMENT-only to find out you gave your entire savings to a bunch of crooks who cloak themselves as leading the way to freedom and how many of them are pastors and men of GOD. Gee I probably shouldn't mention religion but there are several incidents out there that have been brought forward by them including our own Harvest Group people Ron, Roy, Another Ron, Dick and others. Shame on them and shame on us if we give up now.
person of interest

Airdrie, Canada

#641 May 23, 2012
Time has come to put the pastor out to pasture.

Since: May 12

Location hidden

#642 May 23, 2012
Ernie: The law firm acting for the Plaintiffs in the Shire class action above, Borden, Ladner Gervais LLP is the same law firm that provided a legal opinion for the Harvest Group's Cimmaron project.See the Offering Memorandum for Harvest Group Real Estate Development Trust on the B.C. Securities website under exempt distribution. Note you can find nothing on the Alberta Securities website.(A truly pathetic organization that needs to be reformed.It is a captive of the big law firms)If anybody invested in Cimarron you need to check the title to both parcels in SE 13-12-6-w4th-one is 59.98 acres and the other 91 acres. It should be in the name of Harvest Group Real Estate Development Trust. They raised about $3 million,$750,000 was to go to purchase the land, about $560,000 for legitimate expenses and the balance is probably being used to feed the lawyers in order to stop Aitkens from going to hell. As they never raised sufficient funds for Cimarronto to move ahead (they needed $17 million.$5 million of which was Aitken's fee) it is only a matter of time for it to fail because 3 of the mortgages assumed became due in 2012.
I do not fault the judge because if she was biased the opposing lawyers could have removed her. However she is enamored by the power of the big law firms who have sold out their soul for fees.She lacks the ability to see what is happening.
I also wonder if the Philip Archer , a nefarious character, mentioned in the Shire lawsuit is connected to Aikens as Archer did what Aikens is now doing but 10 years earlier. Aitkens has learned from somebody and it is not from his intelligence or God
Im not saying

Calgary, Canada

#643 May 23, 2012
Funny you should mention that, Rodin. 12 or 13 years ago Harvest sold investments in Philip Archer's 'Land Development Company', along with Payday Today USA.
A solid history, indeed.
SpitFire

Regina, Canada

#644 May 24, 2012
Individually everyone needs to take Aitken's and whoever else is named in their OM and contracts, for which ever "projects" they bought into, to Small Claims court for breech of contract. Sue them for the max, what ever it is in your juridiction. Let's say it's $20,000. For those who invested less than that, include what you purchased, plus the "guarenteed" interest and don't forget your pain and suffering and time spent working on your suit. Max it out.
For those who invested more, the small claims max is more than you are going to get waiting this out. These F*cks will continue to piss away what they haven't already stole from you.
If even a few thousand people (there will be over 10,000 investors by the time all of the projects are under CCAA protection) hit Aitkens and the others with $20,000 small claims suits, it will have many effects. ie: 2,000 people x 20,000= 40 million dollars, him having to respond to every Claim and go to or send someone to every day in court, in the juridiction where the Claims are made (you file where ever the deal was done when you purchased).
Aitkens is who has the cash, the one who promised 6% interest in Spruce Ridge and Legacy and others, the one who broke the contracts by sending money away from where it was stated on paper to go, who sold promises of building homes with sour gas wells on the land, and places where no water was feasable. It goes on and on. Pick your breach and make him pay.
Foundation's projects are under CCAA protection, Ron Aitkens is not.
Hang em High

Edmonton, Canada

#645 May 24, 2012
In Alberta the maximum small claim is $25,000. Cost per filing is $200.

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