Ron Mainse of 100 Huntley Street makes statement on alleged ponzi scheme

From Crossroads Christian Communications Corporate page, September 14, 2009

Dear 100 Huntley Street viewers and supporters of the Crossroads Family of Ministries,

I’m grateful for this opportunity to share with you some details as to why I have not been part of our daily programming over the last few months. First of all, I want to thank so many of you who through cards, letters, emails, and phone calls have shared with Ann and I your love and concern letting us know your praying for us. This has meant so much to us, and we want you to know that your encouragement and prayers have made a significant difference.

A couple of years ago, I was presented with an investment opportunity by someone I considered to be a close friend. He described how he was managing an investment fund that was experiencing very high returns for his investors, and he wanted to extend the opportunity to me, as well as to any of my family and friends. He said that his goal in operating this investment was especially to bless those who are followers of Jesus, who would in turn provide funds for Gods Kingdom Purposes. We decided to invest, and we also relayed the opportunity to some family and friends. In addition, this man said that he would like to further bless us by giving us a small percentage of the profit that he was making through his role as a trader, specifically for any funds invested by our group of family, friends or others, I naively accepted his offer, not realizing one must be properly licensed to receive any sort of investment commission. On May 15th of this year, we were shocked to see an official report that stated the conclusion of an investigation, which alleged that this man, in whom we had placed our trust, was actually running an illegal investment scheme. It became painfully obvious that we used poor judgment in simply trusting this man’s word and encouraging others to invest, without seeking the advice of those who are knowledgeable about the investment world. It’s very difficult to convey to you how greatly grieved I am about my role in this whole situation, as a number of people for who I care deeply were seriously hurt, in my involvement likely gave them a level of confidence that this was, as I thought, a legitimate investment opportunity.

As a result, back in May, our Crossroads Board of Directors decided that I should step down from public ministry until the various issues are sufficiently understood and dealt with. Our Board Members seek Gods wisdom and heart on every matter and only want what’s best to fulfill Gods purposes at Crossroads. I have asked Gods forgiveness and I pray that those who have been hurt because of my participation will find it in their hearts to forgive me as well. I am also taking steps to make full restitution of all of the funds I received, so that there’s absolutely no personal benefit to me resulting from any of this. Further, Ann and I and 2 of our children have lost everything that we had personally invested.

I continue to search my heart and pray, as David did, for God himself to search me and know my heart, my thoughts and my motives. I have spent many hours in prayer about how I could have made such a poor choice in placing blind trust in this individual. God has truly brought me to a place of brokenness and in this place I’m sensing a new depth and refinement in my spirit and a greater discernment of Gods voice regarding life- decisions. Through all of this, I’m comforted in knowing that we serve a God of redemption, who can take a dire situation and redeem it for His ultimate purpose. The promise of Romans 8:28 has taken on a fresh meaning for Ann and I. “All things work together for good, to those who love God, to those who are called according to his purpose.”

Well my love for God is stronger than ever, and I am still “called according to his purpose”… So I know the “good” is on its way. For over the last few months, I have been seeking His purpose and preparing my heart and mind for however God wants to use me in the future. I concluded long before taking on the role as President that Crossroads is His ministry… certainly not mine… and I welcome His work of refinement in me so that when we look to the future, He receives all the glory.

Your continued prayer and support mean more than words can say. Thank You so much, and God Bless You.

You’ll see strong similarities in the professionally coached wording of his brother Reynold’s statement. In not naming the person (nor naming the other person in the OSC ruling), in not saying how many investors Ron drew in, and how much he made in finders fees, I wonder if the brothers had the same lawyer and advisers help them write these statements.  The ChristianWeek interview with Reynold Mainse give some insight into where he is at and wants to be.

Reynold and Ron Mainse statements do not square with what their father David Mainse said on air this summer about media gossip. They have admitted they were finders in the alleged ponzi scheme. Canadian Christianity has a statement that both brothers took a financial responsibility course for leadership prior to being involved with this alleged affinity fraud.

If Ron Mainse is going to pay back those he drew into the alleged scheme, where is he going to get the money?  Why have neither brother been forthcoming about how much they made as finders and how much they lost in investments? ( Added. See points of clarification in the comment section, is the restitution payment of the finders fees and where will that money be going to? – BD)
I think Reynold and Ron’s statements are a start, the board statement in the post above really doesn’t say much of anything. Again.
Have he his wife and his brother and his wife remained on the Crossroads payroll since being yanked off the air?  Who is going to administer these returned funds to harmed investors?

Gordon DriverTime is running out for Gordon Driver. While the judge in the California civil case against Driver/Axcess Automation/Funds didn’t set a date after denying his motion for release of seized funds for his defense, sources close to the case say he has about 45 days to get a lawyer. There is an active US criminal investigation and as the clock ticks, charges may have to be laid.

And we do not know what is occurring  on this side of the border. Is the OSC still actively investing as Crossroads board and CEO have hinted at? We do not have full knowledge of legal impropriety in Canada,  or choices available by the SEC and California criminal investigators.
 Moral judgement remains an elephant in the Crossroad building.
As does communication decisions as a charity to the public. Viewers have every right to ask questions. I don’t have hope they’ll get answers any more than I have hope investors will see justice and any financial recovery. There is no encouragement from Crossroads to investors to speak to regulators, which would not only empower those who trusted, but also Crossroads maintain the accountability they keep saying they are seeking.

Is something coming down? Is this a pro-active statement to lessen possible ramifications, or get the Mainse back into their management positions and back on air?

What do you think?

I’ve put the brothers statements below to show the similarities in writing etc.

Reynold:

My mistake was in trusting someone I believed to be a friend. I believed the words of this person that I have known for years and this apparent deception has led me down a path that has brought pain to many, as well as my family. What appeared to be a wonderful investment opportunity that would help my family and strengthen the Lord’s work is turning out to be quite the opposite. What a shock to read my name in the SEC report and the newspapers in the same paragraph where the word ponzi scheme is written. I suppose being somewhat high profile; the newspaper reporter felt it necessary to name my brother and me as some of the investors and as people that were used by this trader to introduce some people to alleged scam.

[snip]

This investor person said he wanted to help my family as well as strengthen the ministry that God has led Kathy and me into by giving us a percentage out of the profit that he was making for his role as the trader. As I did not have much money to invest in the first place, I thought this offer was a further blessing. However, I came to find out over a year later that one apparently needs a license to get any compensation when it comes to the stock market.

Ron:

A couple of years ago, I was presented with an investment opportunity by someone I considered to be a close friend. He described how he was managing an investment fund that was experiencing very high returns for his investors, and he wanted to extend the opportunity to me, as well as to any of my family and friends. He said that his goal in operating this investment was especially to bless those who are followers of Jesus, who would in turn provide funds for Gods Kingdom Purposes. We decided to invest, and we also relayed the opportunity to some family and friends. In addition, this man said that he would like to further bless us by giving us a small percentage of the profit that he was making through his role as a trader, specifically for any funds invested by our group of family, friends or others, I naively accepted his offer, not realizing one must be properly licensed to receive any sort of investment commission. On May 15th of this year, we were shocked to see an official report that stated the conclusion of an investigation, which alleged that this man, in whom we had placed our trust, was actually running an illegal investment scheme. It became painfully obvious that we used poor judgment in simply trusting this man’s word and encouraging others to invest, without seeking the advice of those who are knowledgeable about the investment world. It’s very difficult to convey to you how greatly grieved I am about my role in this whole situation, as a number of people for who I care deeply were seriously hurt, in my involvement likely gave them a level of confidence that this was, as I thought, a legitimate investment opportunity.

About Bene Diction

Have courage for the great sorrows, And patience for the small ones. And when you have laboriously accomplished your tasks, go to sleep in peace. God is awake.
This entry was posted in 100 Huntley Street, Axcess Funds, General, Gordon Driver. Bookmark the permalink.

54 Responses to Ron Mainse of 100 Huntley Street makes statement on alleged ponzi scheme

  1. Bene Diction says:

    Hi Roberto:

    The Ontario Securities Commission has finished it’s investigations.

    Just type in Ron Mainse and Reynold Mainse in the OSC search engine.

    Ron admitted wrongdoing and made restitution, Reynold has admitted wrongdoing (see Sept. 27/12 Hearing Reasons and Decision)
    and has a hearing to face costs and sanctions.

    While the OSC gave some leeway into the brothers being ignorant point people (finders), they drew in a lot of people and a lot of money, and if you read the settlement for Ronald Mainse/David Rutledge – Ron was warned. After being warned he still accepted a finders commission.

    Bottom line: actions contrary to the public interest.

  2. Mary Anne Pearson says:

    Hello, I’m not sure if this wil make you feel worse or better but if nothing else you will know how every day people who are just trying to do their best, thinking they are possibly trying their hardest to make a difference in their worlds end up losing everyone and everything they once loved and much much worse.. I had an excellent job as a speech writer for a federal Minister on Aboriginal Affairs making a very good income, was a single mother who loved my son more than life itself and was the President of the condominium association where I lived for 12 years. |Sounds wonderful doesn’t it?! Then it struck!

    My ex husband phoned to let me know about the most fantastic opportunity I “might” be able to get involved with if it wasn’t too late. A cybershop company was about to be sold out to |Bell /Nokia,/you name all the giants just to impress you. I was told that the Prime Minister’s Office had bought into it, Joe Clark would have the main con artist over for dinner at least once a week, 52 policemen had bought shares in it and there were offices in Ottawa, Toronto, New York, Washington and L.A. Needless to say it looked good and to either provide the cake or the icing, the sister of one of the two main players was my friend, was the most down to earth, mother and nurse in a small, perfect community just on the Quebec side of Ontario. Her brother had worked for a long time for Atomic Energy in Deep River and we would see him occasionally when there was a country gathering!

    That was the background. The end was that they lured me by asking if I would mind sitting in on a meting to see if a woman who was asking for a documentary to be done on a Grand Chief in Quebec who now owns the WORLD rights to on-line gambling, was for real or not. Little did I know that my ex husband had gone into their very busy office and had told my friend’s brother that I had just left government and was about to receive a significant cash out which had to be placed in an RRSP eligible set of stocks until I was 65. My ex happened to also tell him that my son had just inherited a large sum of money from his God-Mother so whatever was in that was all eligible. My son and I told his father it was $10,000 when in fact it was closer to a $ million. My son had become extremely rebellious, I knew nothing and was blamed for everything. When I saw what was really going on, I begged my son not to move to Toronto where they had invited him to go to get him away from me. They had offered me a contract when the company was booming so it would have enticed the best of them. I left, asking for my money back when I saw what was going on. The well known investment firm did not do one ounce of due diligence and later I was told there wasn’t one financial investor in Ottawa who wasn’t aware they were a huge scam! I lost my whole pension, my son thought he was so much smarter than me that he wouldn’t listen, moved to Toronto with them as he became the president’s driver when he was offered on-the-job-training rather than spending $20,000 at a high tech school, I lost my home which was 2 months short of being totally paid for, fell on their stairs and ultimately could never work again, now living the rest of my life in excruciating pain which began with spina bifida then progressed with the fall at Cybershop, no connection to WSIB. I lost it all, my sister took my Mum who was developing dementia while I was up north getting help to walk again and had her will completely changed making her the executor, taking everything from me including my half of the inheritance which would have paid off my house. The lead con man became the big brother to my son and took every penny of the million. My Mother and I were petrified of my sister to the point I ended up growing up with another family. My sister turned everyone I once loved including the family I grew up with against me and to this day I don’t know what she did . My father died on June 1, 1955 and was buried on June 3rd., my 5th birthday. I was left totally vulnerable from that point on until two years ago when |I went back up north, was offered a $3.5 million contract and 4 days later was in another accident and that was the end. My sister killed my dog, my son has seen me 3 times in 10 years while I scream in pain every single day. I don’t have one friend, can never work again, lost it all and people who were my best friends will cross the street rather than say hi.
    I finally went to Church unable to stop crying and asked God one question”Please God help me! Please tell me what happened to me from five years old! He answered my prayer. I went five days a week, sat and whailed as God explained to me how I had pushed 55 years of pain so far back beginning with a few months after my father died and Satan took over! I was raped and while people grieve and heal after a period of abuse, Satan never stopped until two years ago when God allowed me to come home. After trying about 10 times to walk through those doors I finally stayed crying my eyes out as I finally heard the words I longed for yet never knew it and had never heard. I saw God with His arms open wide as He told me He loved me, He would never leave me, I was finally safe and home and that He would never abandon me unlike everyone else. From five years old, not one person ever came to protect me, love me or tell me I was ever good enough until I came Home to my spiritual Home.

    Now I sit completely alone on earth with my three cats and my most Precious Father who has filled my heart so full it is overflowing with His love and compassion. I know my heart is one of the greatest gifts He has ever given me and He has seen me use them unare it was He who was the Producer, the Director and the Player with me as His vessel. All those abusers I chose all have families now and sit together laughing at me at how they had won, I had lost it all but I believe the real truth here is that I lost all the material goods but I have my God, My Saviour and my Father. What possibly more could I ask for? I cry every night from the past which continues every day to the present but I hold on to my Faith knowing God spent all that time for He still has a purpose for me. I just hope he answers it soon. After 63 years of pain, God has won this game of life hands down and while Satan never sleeps, neither does God and now I am a conscious player and God has won a Million Plus Miracles to none, the name of my book! I would love to hear from you. Thank you for reading my story. Even with what you and I have gone through, I know without a question that God is my winner and that He has forgiven me when I did not believe I was worth forgiving!

  3. Brenda Norman says:

    I am looking for your contact number I would like to talk to someone about suicide your team was advertising them and I would like a copy of theses CD’s

  4. Bene Diction says:

    Brenda:

    Go here: http://www.100huntley.com/.
    They probably sell them in the estore if you want to order that way.

    If you want to call them, their product line is: 1-800-265-3100.

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