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To: scion who wrote (11575)2/28/2012 9:49:53 AM
From: DanDerr   of 11756
 
They should nail the perp for Perjury. What a waste of air.

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To: DanDerr who wrote (11578)2/28/2012 11:41:26 AM
From: geoffrey Wren1 Recommendation   of 11756
 
He is pushing his luck. If he could not pay except on installment, he should have brought that up when the sanction was being considered.

I do not understand his income situation. If he is self-employed, he should provide a profit and loss statement. he just lists income like he was an employee. No explanation. I suppose he does not want to reveal just how he makes his income. Does he get stock of the companies he takes public? I suspect if he were to reveal that information, it would be more ammunition for those who originally criticized him.

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From: Jeffrey S. Mitchell3/14/2012 4:09:35 AM
   of 11756
 
As the board title implies, most everyone mentioned here has been sued, and most often for simply expressing the truth the scammers did not want anyone to know. Having been there, done that many times, I know the feeling well.

The most asked question people have for scam-busters is: Why do you do it? Well, why do some folks volunteer to put out massive forest fires while others flee? Why do journalists sneak into war-ravaged towns? Why do soldiers re-up to the most dangerous assignments in the world? Why do some folks intervene in muggings while others just gawk? Heck, why do people climb rocks without ropes?

The people I know who bust scams first and foremost have a knack for it. Like poker players who can instantly sense a bluff, the seasoned scambusters, many of which you see on the message boards, can sense a scam a mile away. While there are a handful of hedge funds that make a (dangerous) living shorting stocks, most of the scambusters do it as a hobby. In today's litigious society, very very few folks attempt to make a living being an investigative journalist. One such guy is Roddy Boyd. And, guess what? Yep, he's fending off nasty lawsuits.

=====

Supporting TFI

Readers,

As you know, The Financial Investigator has spent the last 18 months filling in a crucial gap that the mainstream media no longer fills: Financially driven, longer-form investigative reporting.

I don’t take ads and have done this for free. It is time consuming and quite costly but hopefully worth it to you.

The goal was to provide what I do as a hobby of sorts free to the investing public, professional and amateur, rich or poor.

Good intentions aside, a few things have changed that require me to ask for financial help.

I had to fight off a large, angry corporation that was profoundly unhappy with my reporting and wanted my notes and to have a long chat with me in a courtroom (I held them off but it cost north of $30,000) and a consulting job that was paying for this site ended sooner than anticipated.

I have installed a PayPal button–The “Donate” tab on the left-hand side–that will help me defray the considerable expenses I have incurred and, frankly, will continue to incur.

Please be generous. There are several pieces I have wanted to tackle but have been unable to because of the likely expense involved.

This isn’t a PBS pledge drive–there are no umbrellas or tote bags for your contribution–but your support keeps this sort of reporting alive.

In thanks,

Roddy Boyd

P.S. I have a little more time on my hands now, so keep your eyes peeled for more pieces.

thefinancialinvestigator.com 

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From: StockDung3/15/2012 4:53:14 PM
   of 11756
 
Invictus ex-subsidiary Stockhouse sues MacAskill

2012-03-15 14:04 ET - Street Wire


by Mike Caswell

Stockhouse Publishing Ltd. has filed a lawsuit in the Supreme Court of British Columbia seeking an injunction against a user who has been creating an excessive number of new accounts, sometimes at the rate of 184 per day. The suit complains that the user, identified as Vancouver resident Daryl MacAskill, has become a substantial drain on time and resources. Stockhouse is asking for a court order that would bar him from creating or using accounts on its website.

The allegations are contained in a notice of claim that Stockhouse filed at the Vancouver courthouse on Feb. 28, 2012. It identifies Mr. MacAskill as a sometimes carpenter who lives in downtown Vancouver. He has been a frequent user of Stockhouse's forums over the past 12 years, posting under various aliases including "stoxxman," "Ace Ventura" and "Jeff Drakes."

The problems that Stockhouse complains of began in November, 2011, when Mr. MacAskill started creating a large volume of accounts on the website using e-mail addresses that were in the names of other people. The suit does not say how many accounts he made, but states that at one point he was creating as many as 184 per day. He continued registering the accounts even after having been suspended, prohibited and blocked from the website, according to the suit. Mr. MacAskill used the accounts to post material to the forums that was either defamatory, inaccurate, threatening or inflammatory, Stockhouse claims.

In an attempt to solve this problem, Stockhouse reached an agreement with Mr. MacAskill on Dec. 8, 2011, in which it would allow him to post on its forums using one account, which Mr. MacAskill chose to call "Stoxxman_Prejudice." In return, he would be expected to abide by the forum's rules. According to the suit, the truce did not last long. Less than two weeks later, on Dec. 20, 2011, Stockhouse suspended the Stoxxman_Prejudice account because Mr. MacAskill had once again posted material that was not suitable.

After the suspension of that account, Mr. MacAskill continued to create multiple new accounts, the suit states. This resulted in Stockhouse having to expend considerable resources to minimize his activities on the forums.

The suit seeks an injunction against Mr. MacAskill as well as general damages, interest and court costs. The case was filed on Stockhouse's behalf by Vancouver lawyer Ludmila Herbst of Farris Vaughan Wills & Murphy LLP.

MacAskill's prior legal battles

While Mr. MacAskill has not yet filed an answer to the suit, he is familiar with the court system. Without the benefit of a lawyer, he launched a lawsuit in 2009 against Hudson's Bay Company, claiming that he was tortured by store security. He complained that while he was at the company's store in Brentwood Town Centre on Dec. 10, 2008, a security guard detained him and handcuffed him very tightly. The guard then refused to allow him to go to the bathroom, which he urgently needed to do. Rather than suffer the humiliation of urinating himself, he chose to knock himself out by banging his head on the wall, the suit stated. His next memory was waking up in a puddle of urine before being escorted from the store by an RCMP officer. He was not charged.

Hudson's Bay, for its part, denied any wrongdoing. It said the security guard detained Mr. MacAskill after he tried to leave the store without paying for some chocolate milk. If he did suffer any injuries, they resulted from his participation in an illegal act, the company claimed. Mr. MacAskill eventually agreed to drop the suit on undisclosed terms.

He launched another self-filed suit in August, 2007, against a former employer, Kor Alta Construction Ltd. of Alberta. He claimed that the company constructively dismissed him from his job as a supervisor at a job site on Boundary Road in Vancouver after he complained about a lack of a plan to deal with asbestos at the site. Just before his dismissal, he had decided to drive to Alberta to meet with management to discuss the asbestos issue face-to-face. He sent an e-mail telling management he was coming.

According to the suit, he then travelled to Edmonton and checked his e-mail upon arriving. He found a message from the company telling him that he had been dismissed for abandoning his job and for sending an e-mail to his manager in an "inappropriate tone."

Kor-Alta, in response to the suit, denied any wrongdoing and said Mr. MacAskill had worked at the company for only a short period of time. A judge later dismissed the case, finding that it was an abuse of the process of the court.

Stockhouse no longer trades, the company having gone private in 2010. It was last owned by Invictus Financial Inc., which was downgraded to the NEX on Dec. 13, 2011.

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To: StockDung who wrote (11581)3/15/2012 5:41:14 PM
From: scion   of 11756
 
Rather than suffer the humiliation of urinating himself, he chose to knock himself out by banging his head on the wall, the suit stated. His next memory was waking up in a puddle of urine before being escorted from the store by an RCMP officer. He was not charged.

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To: scion who wrote (11582)3/15/2012 6:14:11 PM
From: marcos1 Recommendation   of 11756
 
'When I regained consciousness, ...' - lol, sorry this just reminded of a CBC thing - en.wikipedia.org 

Anything can happen on stockhouse, been a zoo from the first, when a majority of posts there were on the kry.to thread, real cult stuff ... surprisingly though, the few threads i've visited there recently have had good signal to noise ratio, it was very few threads though and not high-volume ones ... the programming sucks huge there, can't see why the site still attracts traffic when it stays clunky after all these years, apart from just being well-known, habit to many no doubt, and the stock-specific way it's set up for every canuck listing ... one post at a time, no search capability, no poster history, other issues - on a scale of 1 to 10 with SI at 9.5, can't see giving it a full 1.0 ... so it's a bit funny that an aficionado 'chose to knock himself out'

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To: marcos who wrote (11583)3/15/2012 9:22:44 PM
From: Jeffrey S. Mitchell   of 11756
 
In the "be careful what you wish for because it might come true", would it be advantageous for SI to actively court the Stockhouse folks?

- Jeff

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To: marcos who wrote (11583)3/15/2012 11:24:38 PM
From: SI Dave   of 11756
 
They have a huge handicap by operating in a commonwealth country where they can be held liable for user generated content. The answer is to take down anything even remotely actionable if someone complains.

It's no accident that nearly all the top UGC sites are US based.

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To: Jeffrey S. Mitchell who wrote (11584)3/15/2012 11:30:31 PM
From: marcos1 Recommendation   of 11756
 
Only very selectively, in private to quality posters ... you can 'inbox' on stockhouse, or used to be able to anyway ... some of this has happened recently, or else people have tripped over us at SI, because several great posters have arrived on the few threads i frequent, likely to be a small slice of wider movement maybe, don't know

Definitely wouldn't want to make broadcast appeal, too much idiocy, too little civility, morons abound on some active threads* ... a couple of the loudmouth braggart types have shown up on CD's thread [ride the tiger], one quite blatantly using SI to advertise his business model, which will piss off regulators hugely if/when they get word of it, they'll come down hard on the companies involved [reg is that when any form of IR is hired or compensated in any form the agreement must be publicly divulged] ... also by the by, claims to be heir to a famous BC businessman, funny for about five minutes and then turns sicko when you think about it ... both these two appearing fairly young - wonder what the average age might be, on respective sites, betcha there's wide difference, be interesting to graph it out, pity the data would intrude on privacy, we'll never know

One highly informed energetic street-smart poster came over, but retained the stockhouse style of constant juvenile insult, had knuckles rapped by admin, toned it down some, continues to post, also to jab, worth reading for those with interest in same stocks [seems to have top two picks du jour same as mine, small world, lol] ... very irritating at first, mellows to sort of an amusing state - who changed, him or me, lol

Better to be good than big ... some of the oilpatch people here recommend certain posters on certain threads on investorvillage too, i've lurked a bit and some of it seemed great, be good to pull those posters in too ... no other site works as well as SI, nothing even close, the absolute lack of any workable search function on some others indicates to me the operators see bulletin board use as pure entertainment, letting folks get their yayas out, ephemera and nothing more ... not the way to encourage quality

* - [edit] - activity on a stockhouse thread is strongly correlated to moronosity ... same as on non-reporting crapstocks here in the old days, seems to be the case even when the outfits are legit - when there's a big flurry of posting, the thing is going to sell off, just accept it as part of TA, lol

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To: SI Dave who wrote (11585)3/15/2012 11:51:39 PM
From: marcos   of 11756
 
That's true, very different base to the law ... one of the few cases where some of us would prefer the 'life liberty and pursuit of happiness' approach to the 'peace order and good government' we're supposed to have ... solution seems simple to me though - if you're going to set up a bulletin board in the Hongcouver area, do it through proxies or whatever in Blaine or further south [duh]

Coming up in june, 200th anniversary of The Great Patriotic War, when we beat back an attempt to take this country, probably now we're into the anniversaries of the speeches of Clay and Calhoun et al who were stirring up the warhawk animal spirits ... if/when we are again forced to defend ourselves here, just try suing us in your own rebel courts - hah ... banning, i suppose, would be another matter -g-

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