Posted by Pension Info 2 on 12/13/2005, 8:54 pm, in reply to "Cliff Evans & UFCW Pension" Michael Rogerson worked for Turnbull and Turnbull, a firm of consulting actuaries in Winnipeg, who were the consultants to the Pension Plan in respect of the relevant transaction. ... Mr. Rogerson will testify that he had a conversation with Mr. Scarponi on November 20, 1990 regarding Mr. Scarponi's failiure to sign the commitment letter in a timely fashion. Mr. Rogerson will testify that he advised Mr. Scarponi that the November 5, 1990 commitment letter had clearly stated the offer was open to acceptance until noon Toronto time, on November 12, 1990. He pointed out to Mr. Scarponi that the commitment letter also required payment of the sum of $9,730.00 by way of a certified cheque... These statements tell us that Scarponi - whatever CCWIPP officials may have said about him after he sued them - was vetted by a number of consultants and advisors to determine whether CCWIPP should get involved with him. We know that Scarponi was approved for a mortgage of over $1 million dollars subject only to a nominal downpayment of 1% of the principal amount. We know - straight from the horse's mouth - that Cliff Evans, Chairman of the CCWIPP Investment Committee, was going to get a new house in Scarponi's subdivision for $60,000 at a time when really small homes in the community were selling for upwards of $150,000.00. We also know from related digging is that in 1990, in addition to being President of Beutel Goodman Real Estate Group, William Minnis was the President of a company called B.G. Preeco Ontario 4. BG Preeco was a part owner - along with another CCWIPP investment corporation controlled by Evans (Propco 4) - of an office building in the west end of Toronto.
69.159.28.22
William Minnis is the President of Beutel Goodman Real Estate Group. Beutel Goodman acted as real estate consultants to the Canadian Commerical Workers Industry Pension Plan. ... Mr. Minnis met with Mr. Scarponi in October of 1990 to discuss the property for the purpose of allowing him to assist the Pension Plan's consultants in determining whether or not to become involved.
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