Kenneth Rijock

Kenneth Rijock

Saturday, October 3, 2015


Fernando Moto Mendes, the sole surviving officer at  B & C Capital, Ltd., now indicates that he is merely the "office manager," notwithstanding that he previously represented himself to be the Managing Director. He quickly changed his title when it was pointed out that, due to his prior bankruptcy, and pending and unresolved felony grand theft charges, he could not hold the position of MD under Cayman law.

The problem is, Moto Mendes is the sole officer left at the company whose total staff has now been reduced to a single clerk, plus Moto Mendes. How can anyone actually believe that he is not the MD, especially when he has been acting to defend B & C in a civil suit in Grand Cayman, and has executed affidavits in its behalf ? He is obviously illegally occupying the position of Managing Director, and his repeated self-serving statements about his title and duties untrue.

He should be removed from the premises, taken into custody, and B & C Capital Ltd., closed and placed into liquidation, with the books & records preserved, to facilitate the resolution of  the pending criminal investigations.

Thursday, October 1, 2015



A Judgment, entered by the Grand Court of the Cayman Islands, regarding B & C Capital, Ltd., has provided conclusive evidence that the company's theft of client funds was the subject of litigation, well known at the time that Northland Wealth Management Inc. transferred assets of many of its Canadian & American clients to B & C, using materially misleading forms that showed the corporation as a financial institution. Client funds should never have been allowed to be transferred to B & C; those funds are now missing.

The case, styled Highgate Securities Ltd. vs. B & C Capital Ltd.* demands that B & C Capital forthwith transfer all of plaintiff's assets, held by the defendant to the plaintiff, that an accounting be delivered, including the method of calculation of fees charged. The plaintiff disputes defendant's allegations regarding the account balance, and there is information in the judgment that indicates a B & C agent pled guilty, in the United States, to criminal charges of securities fraud**.

The discussion, in the ruling, contained references to affidavits filed on behalf of B & C, including those by Fernando Moto Mendes, and Cecil Franklin Speight, the convicted fraudster. We have previously  covered Sr. Mendes' criminal charges in Grand Cayman, which remain pending, and have not been dismissed, as well as his bankruptcy filing, and other claims of misconduct.

Sr. Moto Mendes filed affidavits, of his own personal knowledge, meaning that he was with B & C at the time that the account was opened. He was, therefore, resident in the company when Northland Wealth Management Inc. directed millions of dollars in client money to this troubled company. Northland totally ignored the fact that Mendes worked there, in its decision to move client money there.

Northland's counsel has made much of the fact that the company's compliance officer, Arthur Salzer, is overqualified for his position, but even a brand-new compliance professional would have declined to send client money to a shell company, with no assets, that was:

(1) Involved in civil litigation, where there are allegations of missing funds, clearly excessive fees, and a negative balance in the victim's account, and

(2) Which numbered among its agents an individual who had pending criminal charges, and had complaints by victims, made to government regulators, and

(3) Which had, at that time, a Managing Director who was himself a defendant in criminal action, and the subject of multiple client complaints to regulators.

Northland Wealth Management, Inc. obviously performed NO due diligence upon the officers of B & C Capital Ltd., when it ordered client funds to be transferred to its accounts. This is what is known as compliance malpractice, and one trusts that the victims of the fraud, perpetrated upon the investors, will seek justice for this gross negligence in a court of competent jurisdiction.
*Case No.: G96 of 2015.
** The decision referenced above dealt strictly with procedural issues; it appears that the defendant's counsel engaged in tactics that can only be described as dilatory, and the plaintiff sought the entry of a default judgment.


The FARC leader and his Venezuelan (PDVSA) transport
Although it was not covered by North American media, the Latin American press recently focused upon a disturbing event: When the leader of the FARC recently traveled to Havana, to continue the ongoing peace talks with the Government of Colombia, his route, and mode of travel, demonstrated that the Maduro regime in Venezuela is a staunch ally of the global terrorist organization. You may not like to read this, but it is the truth. A computer seized by Colombian armed forces in a raid revealed a $300m payment, made by Venezuela, directly to the FARC.

The FARC leader, Ramón Rodríguez Chacín, alias Timochenko, first traveled out of Colombia, and into Venezuela, where he boarded a Beechcraft 1900 aircraft, owned by PDVSA, Venezuela's national oil monopoly, near the frontier, in an a restricted military area.You can clearly see the PDVSA logo and color scheme on the aircraft.

During his flight to Havana, Chacín was escorted by two Venezuelan Air Force Sukhoi 30 fighter jets. If you are wondering why he was protected by military aircraft, it is because he has been accused of supervising the manufacturing and shipment of tons of cocaine into North America. There is a $5m reward, offered by the United States, for any information leading to his capture. Considering that much of that cocaine transits Venezuela, en route the US & Canada, and senior members of the Government of Venezuela share in the profits, it is not surprising that Venezuela desires to protect Chacín, who has been accused of ordering torture, murder, kidnapping, and several other war crimes.

Venezuelan Air Force SU-30
Why did the North American media ignore this story ? Perhaps because the FARC is not the hot topic that it is in Latin America, where issues of inequality and rigid class structure are far more severe than in the United States & Canada. In any event, there is a non-public aspect to this story which should concern those who live north of the Rio Grande; the reported probe of North American airspace by Venezuela.

According to reliable sources, who are former senior officers in the US Air Force, those two Su-30 Venezuelan fighter jets, which are manufactured by Russia, intruded into the North American Air Defense Identification Zone (ADIZ), which is airspace close enough to the continental United States to be regarded as a potential national security threat. Unknown aircraft entering the ADIZ must be immediately identified, to rule them out as a military or terrorist threat.

That is what occurred, according to my sources, who stated that four US military aircraft were scrambled to meet a potential threat. Given that the ADIZ begins a distance north of Cuba, what were the Venezuelan fighters, who were allegedly serving as escorts to the FARC leader, doing north of Havana ?  Considering that both Russia and China have recently sent aircraft to test American response time, in a number of locations, the question persists: Was Venezuela testing the US, to see what the military reaction time was to ADIZ intrusions south of Florida, and was this operation carried out for the benefit of Russian intelligence agencies ? Perhaps President Maduro can enlighten us.


Lamb, Bateman, Buntain
The Cayman Gang of Four*, facing not only whistleblowers, who have exposed their fraudulent use of investors funds, in a massive trading scam, but victims who are initiating civil suits, and criminal prosecution, have resorted to publishing confidential information about their victims, violating the laws of Cayman Islands, and exposing them to additional criminal charges. They have not only made illegal disclosures that will result in additional charges, and prison time, but will make them, as investment professionals, pariahs in the Cayman Islands financial community.

Sharon Lexa Lamb, the former Dundee Bank Senior Vice President, has illegally published customer identification information regarding the victims, in an efforts to discredit them, and their claims. Details about specific bank accounts, the ownership of corporations, and other bank secrecy information, all of which may not be disclosed under the laws of the Cayman Islands, have been sent to multiple individuals, and entities, in a futile effort to interfere with victims' current banking relationships. She was assisted by Bateman & Company Managing Director, Fernando Moto Mendes.

 Efforts to conceal the source of this information have been detected,  but since the Gang of Four was in sole possession of this restricted financial data, they are the obvious originators of this criminal act. The victims have notified the appropriate Cayman Islands law enforcement authorities, and will be pressing criminal charges.

Sharon Lexa Lamb in Cuba
* The Gang of Four are:
Sharon Lexa Lamb
Ryan Bateman
Derek Buntain
Fernando Moto Mendes

Wednesday, September 30, 2015


Frank Spinosa
Frank Spinosa, the TD Bank Regional Vice President in the Scott Rothstein Ponzi scheme scandal, will  apparently be changing his plea to guilty, as a Superseding Information has been filed against him, on a single charge of Conspiracy to Commit Wire Fraud, and his case has been removed from the trial calendar. Spinosa allegedly facilitated Rothstein's billion dollar Ponzi scheme, where investments in non-existent court settlements were sold to victims. The filing of an Information generally means that a plea agreement has been, or shortly shall be, entered into, settling the charges against the defendant, in exchange for a guilty plea.

The Information alleges that Spinosa used the "prestige and legitimacy of TD Bank, and defendant Spinosa's position as Regional Vice President, to give the Broward investors a false sense of security, and induce them into investing in the confidential investments. " Spinosa also was involved in the preparation of false statements, the so-called "Lock Letters,"claiming that funds were frozen.

The change of plea hearing has been set for October 8, 2015. Will Spinosa's cooperation result in new indictments against other individuals, especially senior TD Bank executives ? We cannot say, but there may be Statute of Limitations issues that bar new charges, in some cases, though it is possible that certain Federal conspiracy laws might be applicable.

The lack of a trial, where testimony and documents might have further clarified the role of TD Bank in the Rothstein Ponzi scheme, will unfortunately fail to transparently reveal the bank's internal actions to the public; the full extent of its involvement will remain unknown to the public.

Tuesday, September 29, 2015


In 2016, unless certain states upgrade the security in their driver's licenses, those means of personal identification will be insufficient for commercial airline travel, entry into US Government buildings, and other restricted government areas. I suggest that, in your Customer Identification Programs, you immediately downgrade these items to supplemental ID only; do not accept them as primary means of identification.

The states and territories that are ten years behind the rest of the pack, with these 9/11 security requirements, known as the Real ID Act, are:

(1) New York
(2) Louisiana
(3) Minnesota
(4) American Samoa
(5) Arizona
(6) New Hampshire

Drivers' licenses from these states still fail to meet government-mandated security standards two ways:
(A) There are insufficient security features built into the cards to meet Federal standards promulgated several years ago.
(B) The state has insufficient verification of identity, or immigration status, in its licensing process.

Listen, I get it; some of the states have privacy issues, regarding the ability of the Federal Government to have ready access to this information, but since counterfeit licenses are an easy method for financial criminals, and terrorists, to gain access to a US bank account, I agree that the points made by the Department of Homeland Security are valid. These outdated licenses are just too easy to counterfeit.

If the US Government says that the licenses from the above jurisdictions fail to meet its standards, then I suggest that you hereafter require any new bank customers, with identification from those states, to produce an additional, primary means of photo identification, such as US Passport, or Passport Card.   


The recent arrest in Panama, of the Russian businessman, Vladimir Kokorev, on Spanish Money laundering charges, raises several questions: Was Kokorev a CI for US law enforcement, or the American intelligences services ? There is apparently much more to his case than published accounts suggest.

Kokorev has lived in Panama for several years, after he fled Spain, when a criminal investigation into his laundering of $30m in petroleum profits, diverted by Ecuatorial Guinea's president and his family, into Spanish real estate surfaced. A few months ago, he relocated to property he owns in New York City, and later returned to Panama City, via the Dominican Republic.

Spanish media claim that an Interpol Red Notice was issued, by an anti-corruption prosecutor, though strangely he was not arrested in the United States, and reliable sources have alleged that Kokorev was cooperating with American law enforcement, to avoid being charged with arms trafficking, as well as other smuggling operations. Was that why he was not arrested in the United States ?

European sources confirm that Kokorev and Bout have had a business relationship in the past, and moved in the same criminal circles. Considering that Viktor Bout's attorneys have maintained that he was the target of an illegal entrapment program, conducted by US law enforcement agencies, did Kokorev assist them, or deliver information or evidence used to plan and execute the sting operation ?

The other loose end is the rumor, racing around Panama, that the United States Government, wishing to avoid embarrassment, will pressure Panama to decline Kokorev's extradition to Spain. Remember, the money Kokorev allegedly laundered flowed through Riggs Bank. We trust that this story about interference with the extradition process is mere fantasy, for if anyone deserved to face justice for money laundering, it is Vladimir Kokorev.