Archive for December 23rd, 2008
PNP $400 million money laundering scam
Robert Ghiz, centre of PNP money laundering ?
By Stephen Pate
NJN News
The Provincial Nominee Program PNP is a money laundering scheme worth $400 million. The PNP or Immigrant Scam will put $400 million into the bank accounts of businesses, party faithful and PEI politicians, including we suspect Premier Ghiz himself. Because of the liabilities involved, the final bill will rest with every taxpayer on PEI.
Money laundering is simply a series of transactions that may look legal and innocent when considered separately but the effect is to move money from one party to another without detection. We hear of drug money being laundered through foreign banks and returned to Canada through investments in business and real estate to give it a legitimate appearance. Money laundering attempts to disguise the source of the money.
Brown whistling past the graveyard
Denies $400 million PNP liability
By Stephen Pate
NJN News with Guardian story
Innovation Minister Richard Brown is in a high state of denial by refusing the concede PEI is at all involved in liability over PNP program. His principal legal advice is Bill Dow, a relative of Premier Ghiz, according to sources which is of questionable merit.
The assertion that the Province did not run the program will not stand up in public or in court. “Our website was quite clear that this was a private transaction between a private company and a private individual and that the government’s role here was just basically to do some paperwork in between.” says Brown in the Guardian.
The Province acted unilaterally in ignoring the guidelines of the Federal Government, processed the applications from both the investor and investee sides, acted as the principal gatekeeper. Brown boasted at the Public Accounts Committe hearings that the Province of PEI made an $8 million profit on the program that his staff should be proud of.
Brown’s pre-New Year’s Resolution to stop talking about the Immigrant Scam for 2 years until the Auditor General reports didn’t last long.
Brown denies $400 million PNP liability
TERESA WRIGHT
The Guardian
Innovation Minister Richard Brown broke his silence on the Provincial Nominee Program (PNP) Monday to defend allegations the province could potentially be on the hook for $400 million of immigrant investment funds.
