B.C. Securities Commission accuses st...

B.C. Securities Commission accuses stock picker Al Budai of fraud

There are 72 comments on the CBC News story from Sep 22, 2006, titled B.C. Securities Commission accuses stock picker Al Budai of fraud. In it, CBC News reports that:

Al Budai, a well-known stock picker in British Columbia, is facing allegations of misconduct from regulators who say he touted stocks he owned to reap quick profits.

Join the discussion below, or Read more at CBC News.

First Prev
of 4
Next Last
Peter Harris

Canada

#1 Dec 20, 2006
Mr. Budai is the lowest form of criminal, he’s a predator that has one goal in mind and that is to steel your money right from underneath your nose.

Unfortunately, this kind of man is not a man, but a looser. He hides behind an office door to commit his crime.
How many people has e defrauded that we will never know?

Mr. Budai is a low life and one day he will be held accountable for his fraudulent demeanour.

This man needs to see some jail time, and see the real world, I’m sure his fellow inmates will show him the way.

Stay away from this man; he will bring you nothing but misery.
Jim Robinson

Canada

#2 Dec 20, 2006
Budai, He's scum
Jane Walters

Canada

#3 Dec 20, 2006
One day Mr. Budai will meet his match, and I hope I am still alive to hear the day Mr. Budai got justice, be it in a dark alley

Do not buy from this man, you will loose.
Conrad

Canada

#4 Dec 20, 2006
I just heard about Mr. Budai and the BCSC accusing him of fraud.

I cannot wait to see the self-acclaim “Warne Buffet of Canada” explain his actions at his hearing next July.

What kind of man goes around calling himself “WARNE BUFFET OF CANADA”, or “A SEMI-CELEBRITY”?

What in Gods name is a semi-celebrity is? I could not find it in the Webster.

Only a demented and sick mind can come up with such a claim
Linda St-Claire

Canada

#5 Dec 20, 2006
I'm only sorry that my husband is not with us to see Mr. Budai's demise may he burn in hell
Nolan Price

AOL

#6 Feb 10, 2007
Why on earth is this man being tried and convicted in the media???

Whatever happened to someone being innocent until proven guilty???

If you read the allegations against him on the BCSC website apparently this fraud was perpetrated by not only Al Budai, but by a woman named Cindy Bray as well...why isn't she being trashed in the press as well? Clearly she is equally culpable in these frauds and deserves every bit as much bad press.

This is journalism at its worst. If the man is guilty, he needs to admit his mistakes, and pay restitution. What good would putting him in jail do?

As for Peter Harris' comment that Al Budai is the lowest form of criminal...I beg to differ..those who commit sex crimes against children are the lowest form of criminal....not some man who allowed want for money to control his actions.

Clearly greed is at the centre of all of this...the question is....how and why...hopefully all this will come to light during the hearing.
STEPHEN

Kelowna, Canada

#7 Feb 23, 2007
Has anyone out there heard if he is still running his business out of Kamloops? Cindy is his girlfriend and secret business partner.
bat gung and 8 paws

United States

#8 Feb 23, 2007
Will just have wait? Guilty?

Check www.fools.com
Adam East

Penticton, Canada

#9 Jun 5, 2007
He has fled to Mexico, and is involved in some property development project down there. He even had the balls to film a promotional video and talk about how the opportunity is too good to pass up. Too bad for his subscribers....
Peggy Sue Martin

AOL

#10 Jun 7, 2007
I understand this stock guru has has a cult-like following...and is worshiped like a great ka~hoona!! Must have some serious mo~jo going on to attract this much attention!!
Adam East

Penticton, Canada

#11 Jul 20, 2007
Does anyone know when Mr. Al Budai is getting his hearing?
Klaus Kaczor

Vancouver, Canada

#12 Jul 20, 2007
Nolan Price wrote:
Why on earth is this man being tried and convicted in the media???
Whatever happened to someone being innocent until proven guilty???
If you read the allegations against him on the BCSC website apparently this fraud was perpetrated by not only Al Budai, but by a woman named Cindy Bray as well...why isn't she being trashed in the press as well? Clearly she is equally culpable in these frauds and deserves every bit as much bad press.
This is journalism at its worst. If the man is guilty, he needs to admit his mistakes, and pay restitution. What good would putting him in jail do?
As for Peter Harris' comment that Al Budai is the lowest form of criminal...I beg to differ..those who commit sex crimes against children are the lowest form of criminal....not some man who allowed want for money to control his actions.
Clearly greed is at the centre of all of this...the question is....how and why...hopefully all this will come to light during the hearing.
You must be thinking of American law. In Canada it is you are guilty first if Indian, black or any other race but white.

If you are a cop or a minister of the govenment, you are never guilty
Ken Bishell

Canada

#13 Jul 29, 2007
Has anyone thought about reporting this information to the CGA board. I am sure they would be interested in hearing how this person conducts business. I also read recently Al Budai has moved to Mexico. Any truth to that? He can run but he cannot hide.
Ken Bishell

Canada

#14 Jul 29, 2007
BCSC has adjourned the hearing until September.
lisa

Edmonton, Canada

#15 Oct 27, 2007
STEPHEN wrote:
Has anyone out there heard if he is still running his business out of Kamloops? Cindy is his girlfriend and secret business partner.
Cindy is from Nipawin,Saskatchewan and I don't think she'd get a very good character reference from anyone there. She should go to jail with Al. They are definitely partners in crime ...
klaus kaczor

Vancouver, Canada

#16 Oct 28, 2007
Has anyone ever thought that the system should be made more accountable and efficient? Instead of spending all your effort and passion on each individual.
From top to bottom the government is a criminal organization which keeps its officials above the law and accountability and allows these predators to fleece you because they are friends of the government.
Canada needs a REVOLUTION.
Bill

Salmon Arm, Canada

#17 Oct 28, 2007
I believe they are both living in Kamloops...with their Mother/mother in law...does Warren Buffett still live with his Mother???
It still amazes me how someone like this can still bull--it his way into being an "expert" on stocks when he has really no credentials to do so.
The fact that he can't even pay a $250,000 fine, says to me he is broke, stupid and desperate!
Derek Watson

Salmon Arm, Canada

#18 Oct 28, 2007
I can't believe some would view this person as a stock GURU. Anyone with a cell phone and a Laptop who can blow smoke up uneducated investors ass is nothing more than a thief.
It's your fault for even reading his rubbish.
klaus kaczor

Vancouver, Canada

#19 Oct 28, 2007
Derek Watson wrote:
I can't believe some would view this person as a stock GURU. Anyone with a cell phone and a Laptop who can blow smoke up uneducated investors ass is nothing more than a thief.
It's your fault for even reading his rubbish.
They are the shallow types that feel that venting about their own losses(mistakes) here will actually garner them sympathy.

These are the bleating sheep ready to look at fraud the other way if their favorite politicians practice it but scream blue murder here.

And they are so stupid that a mostly penniless audience here would do anything but laugh at their gullibility and rejoice in their loss bringing them down closer to their level.

I rejoice over my small triumphs while these fools yammer about being outwitted
lisa

Edmonton, Canada

#20 Oct 29, 2007
klaus kaczor wrote:
<quoted text>
They are the shallow types that feel that venting about their own losses(mistakes) here will actually garner them sympathy.
These are the bleating sheep ready to look at fraud the other way if their favorite politicians practice it but scream blue murder here.
And they are so stupid that a mostly penniless audience here would do anything but laugh at their gullibility and rejoice in their loss bringing them down closer to their level.
I rejoice over my small triumphs while these fools yammer about being outwitted
Its very interesting that you find people being ripped off amusing - what does that say about you?

Tell me when this thread is updated:

Subscribe Now Add to my Tracker
First Prev
of 4
Next Last

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Houston Discussions

Title Updated Last By Comments
....FARMER..is..GOD,..not. (Jun '13) Jun '13 paul SHYKORA artist 1
...LUSH....NATIVE...Gardens.... (Jun '13) Jun '13 paul SHYKORA artist 1
Upcoming Provincial Election (Apr '13) Apr '13 A Concerned Citizen 1
News Susan Rice's Conflict of Interest - Major Holdi... (Dec '12) Apr '13 fukuda 2
News Todd Hamilton named new publisher of the Prince... (Nov '12) Dec '12 Patricia 2
News Huckleberry mine life extended (Mar '12) Mar '12 Ron 1
News Two mill workers unaccounted for in Burns Lake ... (Mar '12) Mar '12 Ron 1
More from around the web