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  1. #1
    Join Date
    Feb 2006
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    1

    HMS Financial, Colonel Fyn, Murray Stark, Garth Bailey

    I just found this forum the other day and my searches failed to turn up any discussion of HMS Financial, Skyward Management or any of the principals named in this thread heading. This has been one of the bigger ponzis in the last few years to originate in Alberta and spread throughout the world. Has it been identified and described here? There are still a lot of victims out there who seem to be clinging to some faint hope that their money will miraculously appear. They need help in knowing what they should do now.

  2. #2
    Join Date
    Nov 2005
    Posts
    15

    Re: HMS Financial, Colonel Fyn, Murray Stark, Garth Bailey

    Unless they have a security agreement in contract form I say move on with your life and call it a lesson.

  3. #3
    Join Date
    Apr 2006
    Posts
    2

    Re: HMS Financial, Colonel Fyn, Murray Stark, Garth Bailey

    If there was a class actinn filed, would you join? What would the cost be? How would you find out?

    Thanks

  4. #4
    Join Date
    Apr 2006
    Posts
    613

    Re: HMS Financial, Colonel Fyn, Murray Stark, Garth Bailey

    It's just like 12DP and ST. Cheerleaders not wanting to withdraw their money yet, hoping some miracle would happen.

  5. #5
    Join Date
    Apr 2006
    Posts
    2

    Re: HMS Financial, Colonel Fyn, Murray Stark, Garth Bailey

    Quote Originally Posted by dan1st
    It's just like 12DP and ST. Cheerleaders not wanting to withdraw their money yet, hoping some miracle would happen.
    Not sure if you understand - I want to join a class action - I want my money back or at least to see these SOBs taken to task. I am not a cheerleader, in fact I would be the opposite of this.

  6. #6
    Join Date
    Apr 2007
    Posts
    7

    Re: HMS Financial, Colonel Fyn, Murray Stark, Garth Bailey

    Quote Originally Posted by billcmis
    Not sure if you understand - I want to join a class action - I want my money back or at least to see these SOBs taken to task. I am not a cheerleader, in fact I would be the opposite of this.

    Class action seeks restitution for $100 million allegedly bilked from 1000 investors
    09-Nov-05

    Calgary - The law firms of McNally Cuming Raymaker and McLennan Ross have commenced a class action on behalf of Heike Enticknap and approximately 1000 other investors who were victims of an investment scheme which was allegedly coordinated by HMS Financial Inc. Initial estimates of amounts lost by investors as a result of the scheme are about $100,000,000.

    The claim alleges HMS Financial represented to investors that they were investing funds in major projects worldwide that would obtain a high rate of return. Investors were frequently presented with a business plan setting out the investment objectives for HMS. None of these documents appear to have been cleared with the Alberta Securities Commission or other relevant authority.

    In addition, it is alleged that investors were told that their investments were protected by bonds or cash held by HMS lawyers, including Mr. Garth Bailey. It is alleged that there appears to have been no valuable security of this kind for the funds provided by investors, and HMS has defaulted in its payment obligations.

    The action will seek to recover against the principals of HMS, and the lawyers, accountants, and banks that facilitated the scheme. Anyone interested in participating in the action should contact Bill McNally with the firm of McNally Cuming Raymaker at 261-1555 (Calgary) or 1-800-682-2480 or e-mail [email protected].

    The class action has not been certified and the allegations have not been ruled on by a court.

  7. #7
    Join Date
    Apr 2008
    Posts
    2

    Re: HMS Financial, Colonel Fyn, Murray Stark, Gart

    I am one of the people that lost hard earned cash to these SOB's. I am also part of the class action. Stark has a lot of money that the authorities should be seizing including buildings houses etc because they were purchased by illegal means namely the scam that took mine and many other peoples money.

  8. #8

    Re: HMS Financial, Colonel Fyn, Murray Stark, Gart

    Can these guys be charged criminally?

    Where are the properties (the authorities should be seizing including buildings houses etc) Stark has?

    Have they managed to dodge the authorities or are they even being sought?

    I have not heard anything on this for awhile, but I do know where Stark tends to hang out with a wife and 2 girlfriends!

  9. #9
    Join Date
    Apr 2007
    Posts
    7

    Re: HMS Financial, Colonel Fyn, Murray Stark, Gart

    Ken Chatel was handling the criminal investigation from the RCMP offices located at 920 - 16 Ave NE in Calgary, AB T2E 1K9. Sukh Randhawa, [403-292-6808] was also one of the investigating officers at some point. If you can get more info form the RCMP, please post it here. Thanks in advance.

  10. #10

    Re: HMS Financial, Colonel Fyn, Murray Stark, Gart

    Spenceh,

    that phone # is not working.

    message says it is not in service.

  11. #11
    Join Date
    Apr 2007
    Posts
    7

    Re: HMS Financial, Colonel Fyn, Murray Stark, Gart

    Quote Originally Posted by harleys4ever View Post
    Spenceh,

    that phone # is not working.

    message says it is not in service.
    I got this phone number online for the 920 16 Ave office...
    (403)230-6483

  12. #12
    Join Date
    Apr 2008
    Posts
    2

    Re: HMS Financial, Colonel Fyn, Murray Stark, Gart

    I learned the other day that one of the people named in the class action suite is still peddling investments to other people.

  13. #13
    Join Date
    Apr 2007
    Posts
    7

    Re: HMS Financial, Colonel Fyn, Murray Stark, Gart

    Quote Originally Posted by harleys4ever View Post
    Can these guys be charged criminally?

    Where are the properties (the authorities should be seizing including buildings houses etc) Stark has?

    Have they managed to dodge the authorities or are they even being sought?

    I have not heard anything on this for awhile, but I do know where Stark tends to hang out with a wife and 2 girlfriends!
    (Harold) Murray Stock, Robert Fyn, and Garth Bailey are charged with Fraud Over $5,000 and Conspiracy To Commit Fraud. They also face charges, along with Katherine Rodrique Bailey, of Money Laundering.

    The accused are scheduled to appear in Drumheller Provincial Court on April 16, 2010.

  14. #14

    Re: HMS Financial, Colonel Fyn, Murray Stark, Gart

    Anyone know what happened in court on the 16th?

    I know these things drag out forever in the judicial system. These guys are old enough to die before they see justice!

  15. #15
    Join Date
    Apr 2010
    Posts
    1

    Re: HMS Financial, Colonel Fyn, Murray Stark, Gart

    From "http://www.drumhellermail.com/index....ews&Itemid=156 Drumheller Mail

    Murray Stark, 73 of Three Hills, Robert Fyn, 62 of Linden, Garth S. Bailey, 57 and Katherine Rodrique Bailey, 53, of Okotoks were scheduled to be in court last Friday. Local lawyer John Sparling QC acted as agent for Paul Brunnen and Don Macleod QC, counsel for the accused.

    Sparling asked to reserve the elections for the accused and put their next appearance over until June 18, 2010 to allow for defense to receive considerable disclosure which include substantial electronic information.

  16. #16

    Re: HMS Financial, Colonel Fyn, Murray Stark, Gart

    Anymore info on this?

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