Just received this from the man himself (Pousa/Pouscam for friends), make whatever you want out of it...
Good News: Fraud, Arrests and $13 Million...
Hi Xxxxxxx Xxxxxxxxx,
It has been a couple of months since the last Gathering, however there is perhaps no time like the end of the Mayan Calendar to update you on the most important developments since we last gathered together.
Secondly, it's not often that the phrase "Good News" is followed by the words "Fraud, Arrests and $13 Million"...
However, given the circumstances, this is a paradoxical exception.
As most of you know, my deepest wish in relation to the IB Capital and Global Forex Management debacle has always been that the truth is revealed and that justice prevails.
And that truth is, thankfully, becoming known...
What I'll Be Covering Tomorrow
* We finally have some reliable evidence to point to what happened with IB Capital and GFM.
The fantastic news is that on Monday, December 17, 2012, two individuals (with prior criminal records) were arrested as the fraudulent orchestrators of the Global Forex Management and IB Capital Scheme.
Already more than $13 million dollars has been recovered and there is
great hope that the rest of the money will be recovered and returned to all members.
Justice is prevailing!
Clearly, the New Zealand Financial Markets Authority has to elevate its due diligence criterion before approving individuals of such disrepute to handle tens, or even hundreds of millions of dollars.
Given that this has occurred after the Global Financial Crisis I expected that Government Regulators would be far more cautious.
On the flip side, it does however exponentially magnify the expectation that the FMA is liable for the losses of any unrecovered investor funds according to its Dispute Resolution Scheme - and perhaps even damages that resulted from those losses.
* I'll also share the progress we made in a Supreme Court hearing against the Australian Securities and Investments Commission last week.
* We'll then all get a chance to share the biggest lessons and insights of 2012. As as well as our hopes, yearnings and longings for a brighter, deeper and fuller 2013.
* The rest of the Gathering will be an open-ended consideration of just about anything that anyone wants to consider - including sharing insights and understandings relative to the practice considerations we explored in 2012.
* If you want to hang in until the end, we'll finish with a guided meditation.
To join me, click the link below and register now.You will receive 3 email reminders leading right up to 1 hour before the Gathering.
[URL deleted]
New York: 9pm (EST)
California: 6pm (PST)
Sydney: 11am (AEST)
London: 2am (for the insomniacs)
**If you're not sure what time that is in your time zone when you click on the GoToWebinar registration link you will see (in blue) the words Show in my Time Zone in the top right hand corner of the browser. Click on that link to identify the time in your part of the world.
See you at the Gathering. Again, here is the link:
[URL deleted]
If you can't attend, I want to extend to you my warmest and sincerest best wishes for a safe and joyous Christmas and holiday season.
I also want to extend a special thank you to those of you who sent in one of the hundreds of communications, emails and Skype messages, etc, expressing your best wishes; your continued faith and trust in me; that I was not responsible for the IB Capital and GFM scandal; and that I did the very best that I could do (beyond what I had done in the previous 8 years) in conducting as much due diligence as I knew to do...
Unfortunately there is only so much anyone can do.
When Government Regulators with hundreds of millions of dollars (and over 600 staff at their disposal) fail in their due diligence, it really puts everything into perspective.
What they did in this case is akin to allowing the employment of a driving instructor who had two prior "hit and run" convictions. I guess we all live and
learn!
See you tomorrow...
Warm regards,
Senen Pousa
Director
Investment Intelligence Corporation
Mayan apocalyptic BS apart, I'll still listen to whatever he's got to share regarding the development of this disgusting fiasco, but the brainwashing won't work for me I'm afraid.
Again, I give him a very VERY small credit for being around (unlike Friant), but that's all for me.