Terry Bray, an unlicensed stock broker, through his off-shore corporation Tri-land Securities did some stock trading for me and my corporations at Alberta brokerage houses. Because I had access to the brokerage house statements I was able to establish that he and/or his wife, Hilda Bray, who did the accounting, were skimming from the clients by reporting only the lowest priced sales.
When I confronted him about this this discrepancy, he volunteered to supply me with the monthly statements for the other clients for whom I was a nominee director. When it came time for the statements to arrive, none were forthcoming. It appeared that Hilda Bray alerted her husband, Terry Bray, that this reporting would expose the full extent of their skimming or siphoning.
At that point I asked that Terry Bray return to me and my corporate all the assets held by him and Tri-land Securities. He never returned the assets which had a value of nearly 1/4 million dollars. Through legal proceedings, in the law courts of Alberta, Terry Bray and his brother, Ken Bray, conspired to obstruct justice by trying to make it appear that it was actually Ken Bray who had done the stock tradings rather that Terry Bray who was actually a retired floor trader of securities. Ken Bray's background was in the operation of a Mail Biz franchise. Hardly a background for a future stock broker.
To this day there are clients of Terry Bray who are dealing with him not realizing that they are being skimmed or that Terry Bray wants it to appear that they are actually dealing with his brother Ken Bray.By the way the IRS would dearly like to review the tax returns or non-filings of Terry Bray, Hilda Bray and Ken Bray who are US alien residents who have stated, under oath, that they have severed residency ties with Canada. Ken Bray has, under oath, stated that he is the beneficial owner of the millions of dollars in stocks and cash at the various Cdn brokerage houses. I am sure that this allegation doesn't mesh with his filings at the IRS.
I pity the Cdn residents who are dealing with Terry Bray because this crook and his wife, Hilda Bray, have made it appear that they has no assets in Canada yet he is still, very likely, telling his clients that he and his wife are living on an acreage east of Calgary, Alberta and that they spend the winters in Nevada.
When the day of reckoning come for these directors of public corporations who are hiding the insider investments and tradings through Terry Bray's private placements and tradings in these public corporations, they will be hung out to dry the same as I was plus off course they will be faced with the wrath of the Alberta Securities Commission.
If you have had questionable dealings with Terry Bray, I suggest that contact the Alberta Securities Commission because you and a lot of Terry Bray's clients are going to need help. I am toying with the idea of posting the names of the Terry Bray's known clients who are directors of public corporations.
George
Edmonton, Alberta
Canada
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