Uncategorized
Recently I received some unfavorable press that I felt it was important to provide the facts in a short video.
January 11, 2018
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Over the past 7 years, I have spent countless hours continuously working, without compensation, to do everything possible to regain value for my shareholders. Along with myself and my former Chief Operating Officer, Earle Pasquill have also toiled continuously on behalf of those shareholders. Any impression that I had any personal benefit is untrue and even the adjudicators who ruled against me in Canada, admitted I had no personal financial benefit and in fact was the largest financial loser.

Part 1: my interaction with investors who have worked with me for many years.
Part 2: an interview where I address many issues
Part 3: TD Bank you tube video where I disclose what happened.

Testimonials
Proud to call Mike a friend, colleague, and role model.
December 29, 2017
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To Whom It May Concern:
I first met Mike as a client many years ago, when he retained me to help him move from Canada to the United States. In the years since, he has become a great friend, which has given me the opportunity to get to know firsthand what a truly remarkable human being he is. Abraham Lincoln is believed to have stated, “Nearly all men can stand adversity, but if you want to test a man’s character, give him power.” Lincoln was probably America’s greatest President, as well as one of the greatest human beings to ever live, and it is a true testament to Mike’s character that he has passed the test put forth by a moral giant like Lincoln. Indeed, like Abraham Lincoln, Mike Lathigee rose from humble beginnings to a point where he now wields a great deal of influence with his ever-expanding group of admirers. Lesser men have been corrupted by the intoxicating effects that such power can bring. However, Mike (like President Lincoln before him) has such a strong moral compass that he has been able to resist such a temptation. It is for this reason, for example, that, when Mike’s previous company, Freedom Investment Corp (FIC) experienced troubles that caused it to be put into receivership, Mike did not take the easy way out and try to not talk about this or “to spin” this, something that would have been particularly tempting to do given that Mike is primarily involved in efforts to secure and keep investments from people who trust that he is competent and capable of helping their investments prosper.
 Instead, Mike spoke very publicly about FIC’s troubles and fought in the Canadian court system to have his good name restored. To this day, whenever he is asked about this, Mike makes no attempt to hide what happened with FIC, knowing that his own actions speak for themselves; it is clear that, even in the age of Bernie Madoff and other Ponzi schemers, Mike Lathigee truly is someone who can be trusted with people’s money and with all of the confidence that goes with such trust. Indeed, to quote Winston Churchill, another of history’s great leaders, “You can measure a man’s character by the choices he makes under pressure.” There are few things that bring about as much pressure as being given the fiduciary responsibility to wisely and prudently invest money on behalf of others, particularly given the significant backlash that can result if the investment is less than successful. Not withstanding this pressure, Mike always keeps a level head, no matter how stressful the situation may be, and he never compromises his morals or his integrity.
It is for these and so many other reasons that I am proud to call Mike a friend, colleague,
and role model.
Please do not hesitate to contact me at any time should you have further questions or
concerns regarding Mike Lathigee.

Sincerely,

Josh Effron, Esq. President Immigrant Rep, Inc

Uncategorized
Hyland Judgment
September 26, 2017
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I was at a presentation and challenged several assumptions and facts of the speaker on stage. After the presentation James Hyland approached me and asked my name and started shouting to everyone “Mike Lathigee is a convicted felon!”. He repeated it several times and I told him that he would be held accountable. It is ironic if you go to youtube and enter in the subject line, John Hyland Speaker is a Convicted Felon” you wll see a video that  has over 20000 views and John Hyland is the brother of James Hyland. I have been awarded a $250000 judgment against James Hyland for his false statements.

 

 

Click here to read the Judgment documents[616]

Uncategorized
FreedomFest 2017: Mike Lathigee talks Libertarianism, abusive financial services system
August 2, 2017
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MikeLathigee.com
August 2, 2017

The Las Vegas Investment Club (LVIC) made its presence felt at FreedomFest 2017, winning over several new members and disseminating the LVIC brand in the process.

Mike Lathigee spoke twice at the four-day event, which marked the 10th anniversary of FreedomFest. He first spoke in the Main Ballroom at the Paris Resort on the morning of July 20 in front of more than 1,200 people. The speech touched on two of the capstone principles of the LVIC: Libertarianism and investor empowerment.

Main Ballroom Thursday

“Federal government should exist only to protect citizens from foreign invasion and help the absolute destitute,” Mike said when clarifying the definition of Libertarianism. “Whether you like [President] Trump or not, we’re at least moving back in the direction of Constitutional government with him in the White House.”

Lathigee made clear that Rand Paul was his pick for President, but Hillary Clinton would have continued the big government liberal politics that persisted throughout the Obama Administration. But the issues that neither Republicans nor Democrats ever sincerely address are the perpetual abuses investors endure at the hands of the financial services industry.

Mike used compounding as an example to demonstrate these abuses that the financial services industry continue to employ with impunity. Mike used the example of management fees over a long period. Through compounding, an investor loses more than half of his gains. This is not something the financial services industry willingly or otherwise discloses.

Vendome Speech Friday

While Thursday’s speech served as a quick introduction to LVIC for FreedomFest attendees, the Friday afternoon session was more detailed and intimate. About 100 attendees gathered in Vendome B for a speech that amounted to a de-facto LVIC meeting for potential new members.

Mike told the crowd that he is bearish on the stock market right now due mostly to the unpredictability of President Trump. Whether he starts a trade war, starts bombing North Korea, or something else along those lines, it will directly and monumentally affect the stock market.

The Las Vegas Investment Club emphasises education and investor involvement. When members join LVIC, the first part of the process is a three-day intensive course. It covers, among other things, how to read and understand financial statements, how to evaluate companies versus their peers in the same sector, and of course sharing knowledge and experiences about the stock market, precious metals and other investments. Those who are completely new to investing first participate in a phone interview to ensure they fully understand the club and membership approval process.

“It’s one thing for me to just stand up here and talk about all these great idea,” Mike said as LVIC staff passed out financial statements and data pertaining to club investments. “What we have is a track record. What you’re looking at right now is the last eight deals we’ve done. This is not picking and choosing. [These are our last eight deals and] all of them are going well.”

Mike explained how a fitness club in California contacted LVIC. The company needed $2 million quickly to ensure operations continued as normal. It was netting $80,000 per month at the time in net income. LVIC loaned the money with two conditions: 1) that LVIC would have operational and financial control of the company and 2) the loan was secured via personal guarantee from the five partners involved in the company, while a charging order on the company bank accounts was also obtained. The loan has received timely payments for all 12 months, with APR exceeding 25%.

“To the financial advisors who will tell you this type of deal is impossible, we are a testament to the fact these types of deals do exist and they can happen,” Mike said. “We have approximately 80 of our members involved in that deal and all are very happy.”

The speech ended with 33 new investors signing up for LVIC membership, many of which were husband and wives. Married couples pay only one membership fee.

Auction to Benefit FreedomFest

FreedomFest is a bootstrapped event that does not receive a lot of funding. One of the organizers happens to also be a member of LVIC and is a close friend of Mike. LVIC is committed to ensuring that this annual Libertarian gathering continues in perpetuity. That is why Mike personally donated two paintings that were auctioned off at the event. The painting ultimately sold for $13,200 and all proceeds were donated to FreedomFest.

The 10th Anniversary edition of FreedomFest was once again a great experience and LVIC looks forward to attending once again in 2018. The full video of Mike’s Vendome speech is below.

Uncategorized
Realty 411 Magazine features Las Vegas Investment Club
June 23, 2017
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MikeLathigee.com
June 23, 2017

The Las Vegas Investment Club (LVIC) is not for thrill seekers and gamblers despite being located in Sin City. That is how Realty 411 Magazine, an online and print resource guide for real estate investors, described LVIC in a recent issue of its magazine.

The article highlights the fundamental principles of LVIC: offering investors an alternative to the abusive fees and bureaucracy of traditional investment firms on Wall Street, and empowering investors with educational programs and town hall-like meetings. The teachings of LVIC have encouraged members to reduce their stock market holdings due to the inherent volatility. Many members are now increasing their gold and silver bullion holding from 2-3% to 5% in an effort to protect their assets from inflation and sharp market corrections.

But this does not mean LVIC is completely anti-stock market. Realty 411 points out that LVIC did in fact invest in MOGO Finance Technologies, a Vancouver-based firm, when the stock was trading on the TSE for about $1.20 per share. As of June 22, the stock is trading at $4.20 per share, a 250% increase from the original investment.

Despite the obvious foresight displayed with MOGO, egos do not exist LVIC. The club has a community disposition and celebrates successes as a group instead of by individual horn-tooting. Realty 411 said LVIC leadership has “Warren Buffet-like qualities” because it only invests in businesses that they can influence operational direction.

You can read the article in its entirety via PDF here.

News
Lathigee holds Alberta Lawyer Accountable and Lawyer Submits Resignation
April 24, 2017
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We are heartened with the findings of the Law Society of Alberta brought against Malcolm Lennie QC.

Mike Lathigee fought for years to hold Malcolm Lennie QC accountable for his actions.  Malcolm Lennie was a lawyer representing several of Mr Lathigee’ s companies.

Through the course of proceeding it has become clear that Malcolm Lennie (acting as counsel on behalf of Mr Lathigee and his companies) committed a number of unethical acts deliberately detrimental to Mr Lathigee’s companies (detailed elsewhere on this website).

Not only did Mr Lathigee companies receive a settlement in excess of $1 million from Mr Lennie but, based on the information uncovered through this case and other files of Mr Lennie, the Alberta Law Society also accepted Mr Lennie’s resignation – as a direct result of these proceedings (the resignation was submitted to the Law Society of Alberta).

This closes a long battle against this (now) disgraced lawyer. Not only with the settlement but also with the result that Malcolm Lennie is no longer able to practice law.

This decision reflects our ongoing efforts to provide disclosure (and truth) with respect to the events leading up to, and subsequent to, the conditions in which the FIC Group of Companies (of which Mr Lathigee was CEO) was forced into receivership – in 2008.

Read the Disposition Summary – April 11, 2017 – Malcolm D. Lennie, Q.C. (01781519….pdf here.

News Videos
Financial Services Industry …Why Not?
April 4, 2017
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The Las Vegas Investment Club takes a strong stance (related to its concerns) and provides an alternative – to the abuses perpetuated by the financial services industry. It is our position that an investor, who depends on the financial services industry for their financial future, is embarking on a long slow road to the poor house. This video is a “must watch” for any serious investor.

You will learn how this investment club is attaining high returns that (for the most part) the financial services industry would say – is not possible without high risk. We say “they are wrong!”

In this video we discuss a scam administered by one of the large banks that recently was required to pay a huge fine.
Yet the ‘head of marketing’ who oversaw the department that ran this scam, retired with a 9 digit bonus – and did not have to return a dime – for heading up the scam! As consumers and investors is it time to say “Enough is Enough!!!”

In our opinion the financial services industry is not in the business of “money management” but in the business of “money under management”
Watch this video to find out the devastating consequences this business model has on your portfolio – over time. There are good people and good companies in the industry, however; it is our position that investors must develop more personal empowerment by educating themselves to the reality of this system and then find alternatives.

News
More Vindication for Lathigee!
December 21, 2016
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I continue to work for my former investors and win cases.

I am in the process of winning another case. This is the case against Kenneth Horne and Arlene Horne who colluded with our legal Counsel at the time (Malcolm Lennie). It is outrageous that Malcolm Lennie (as our attorney) did not disclose that he was one of the vendors of a property we were in the process of acquiring and that during the transaction he released monies to (his partner/fellow vendor) Kenneth Horne even before the contract of sale was fulfilled.

As a side note:
Malcolm Lennie has many upcoming hearings with respect to wrong doings and violation of his duties as a lawyer by the Alberta Law Society.

I further note that we have won a judgment against Malcolm Lennie and that he is now required to make sizable monthly payments – as ordered by the courts.

You will be shocked at the outrages steps of greed that (Edmonton, Alberta) residents Kenneth Horne and his wife Arlene took. (see attached complaint) Certainly a sequel could be made to the American Version of the program called “American Greed” but retitled “Canadian Greed” with Kenneth and Arlene Horne as a full length episode.

I have worked hard to recover monies on behalf of former FIC investors and I encourage you to read the attached update on the findings in our case against Kenneth Horne as I continue my efforts towards collecting funds on behalf of investors.

Here are a few of the findings in this current case:
On or about October 15, 2007 $530,000 was transferred to Horne for no consideration.
On or about February 5, 2008, $550,000 was transferred to Horne for no consideration.
Horne used these monies for personal expenditures and the acquisition of assets.
He is working with his wife Arlene Horne to try and retain those assets from the proceeds of these unjustly acquired funds.

We already have judgment against Horne but he battles fiercely in order to not to pay the monies back. My objective is to pursue him every step of the way and if necessary force him into bankruptcy.
He joins the ‘Hall of Shame’ with Dennis O’Dowd and John Tansowny (you can read about them on other blog posts).

This guy should be in prison!!

News
The Allegations have been WITHDRAWN
November 14, 2016
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After many years the truth has finally come out! In addition to a victory in the Supreme Court of Appeal please also see the Alberta Securities Commission Notice of Withdrawal that says, “the allegations…have been withdrawn”alberta-securities-commission-notice-of-withdrawal

 

See the Alberta Securities Commissions Notice of Withdrawal of Notice of Hearing  document here

 

News Videos
Mike Lathigee’s Economy Concerns & US Election Presentation at The Las Vegas Investment Club
November 3, 2016
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Mike Lathigee did a presentation for the Las Vegas Investment Club regarding the economy and his concerns about the US Election. Here are a few things he covered:

  • Concerns and outlook for the US economy
  • Why investors need gold and silver as a ‘hedge’
  • A behind the scenes look at the Clinton Foundation
  • Will we see negative interest rates
  • Why the election result will have a negative impact on American culture
  • Learn about one of the greatest long lasting scams in America
  • Learn who should have really ran for the President of the United States!

 

News
Vindication for Lathigee!
October 19, 2016
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Dear Members,

I am delighted to attach a copy of the decision of The Court of Appeal of Alberta in PDF format below. To revisit a little history, as CEO of FIC Group of Companies, I initiated an internal investigation of John Tansowny as VP of Real Estate for concerns regarding his conduct related to representing the fiduciary responsibilities and obligations of shareholders.

There were many improprieties that caused me concern and I hired an outside representative to assist in the investigation. Once the investigation began John Tansowny took several steps to try to stop the investigation and these steps hurt FIC Shareholders.

First, he wrote letters to the BC Securities Commission discussing why our assets should be seized and made numerous false allegations with respect to management conduct. Unfortunately, Tansowny’s unfounded and unsubstantiated allegations caused FIC assets to be frozen by the regulators, causing an unfair and unexpected decline in portfolio value, causing harm to the company and its shareholders.

Second, Tansowny wrote letters to TD Bank advocating for our 8 digit loan to be “called” and he consistently and substantially interfered with our attempts to improve our financial health and deal with crucial financing needs. This loan was the life blood of FIC’s existence and continued operations with our Real Estate Projects.

Third, when FIC entered receivership he lobbied and did all possible to try and keep FIC in receivership. His motivation had nothing to do with the best intentions for FIC Shareholders and in fact he badly hurt the shareholders he was supposed to assist by undertaking these actions.

His purpose was to try and destroy FIC so that it would not have the capital or the ability to pursue him for his misdeeds. He was concerned FIC Management would discover what he had done and he knew he would have huge exposure and enormous consequences if FIC Shareholders ever found out the truth.

Many years have passed and FIC Management has not given up. Earle and myself have fought to hold Tansowny accountable. I invite you to read the attached decision by the Supreme Court of Alberta.

I further will elaborate that we have every intention of pursuing John Tansowny further and have an ongoing action against him that we are confident will yield positive results.

Here are just a few comments written by the Judge:

“I start with Tansowny, whose version of events was unburdened by any need to reconcile or distinguish between his vested interest in the outcome and the events as they actually occurred. Overall, I found his testimony to be glib, facile, and dismissive of any real basis for dispute..and I find that his assertions at trial openly in favor of Phoenix simply do not withstand scrutiny.” (remember members he was VP President of Real Estate for FIC and at trial worked against all FIC interests.)

Further the judge wrote, “Tansowny’s credibility was further tarnished by the internal inconsistencies in his testimony. His evidence directly conflicted with the evidence that he has earlier sued FIC for real estate commission in relation to its purchase of that property. His evidence were unreliable assertions driven by his own interests in the outcome of the litigation.”

After all these years Earle and myself have continued to work through these cases spending countless hours and on my end never with any form of compensation. I am aware the accountability often falls upon the CEO of a company but I thought it is important after all these years that the truth comes out and John Tansowny actions are exposed for all to see.

Let me assure all former FIC Investors that I will continue to pursue Mr Tansowny and as you read through this final decision by the court understand that I will pursue Mr Tansowny to the fullest extend so members will understand the full story.

John Tansowny continues to live in Edmonton and work with Dennis O’Dowd who the judge wrote equal condemnations.

Link to the PDF memorandum-of-judgment-of-justices-bielby-schutz-berger-f-october-12-2016-01535330x7ac1f

News Videos
The Destructive Direction America is Taking!
October 4, 2016
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My vision is strongly articulated in this video.

Some focus points covered include:

  • What is wrong with the financial services industry!
  • Concerns of the direction of American culture!
  • The American Dream and the shift of Americans to a new way of (destructive) thinking and why
  • Why Obamacare should not exist!

All will not agree – nor do I expect it. However, I  will continue to make a stand when I feel it necessary.

Articles News
4th Quarter 2016 Newsletter
October 1, 2016
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LATHIGEE NEWSLETTER

4TH QUARTER 2016

The New American Dream Needs a New Attitude.

This quarter, instead of an economic overview, I want to talk about this election season, the changes in direction that American culture is taking, and how they are impacting all Americans.

I want to discuss the original concept of the American Dream versus the mutated version that is now being spun by many politicians.  And I want to talk about freedom. Not necessarily in that order.

The American Dream itself is an ideal based on the concepts of democracy, equality, citizens’ rights, opportunity, and freedom of choice – all outlined in the Declaration of Independence, which proclaims that “all men are created equal” with the right to “Life, Liberty and the pursuit of Happiness.”

That freedom to pursue happiness includes having access to opportunities for prosperity and success, and the right to achieve that prosperity and success through personal effort. In short, the American Dream is founded on pure capitalism.

That kind of freedom is a driving principle of The Las Vegas Investment Club as an organization. We believe that it is the right of every American citizen to make their own choices, their own opportunities, and their own success through their own effort.

(more…)

News
Dear Family & Friends
September 28, 2016
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Dear Friends & Family-

My company is now up to 15 gyms that vary in size from 3500 square feet to almost 40000 square feet. I am proud to say we employ over 100 staff and are in an industry that is positive to people’s health.

It has been a long grind on the “comeback” but feeling the momentum building. Below are a few pictures of our UFC Gyms and attached is my latest newsletter on how I feel we as Americans are losing touch with the American Dream and why I believe the US Presidential Election is moving us further in the wrong direction. This newsletter differs from my normal economic overview and I think the timing is appropriate. As always I invite your feedback.

https://www.flickr.com/gp/129334900@N06/438jJn

 

4th Quarter 2016 Newsletter PDF
lathigee-newsletter-2016-04-quarter

News
Malcolm Lennie Hearing
August 18, 2016
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Mike Lathigee has been pursing and trying to hold Malcolm Lennie accountable for his actions for the last 8 years.  Please see the update below.

 


 

Malcolm Lennie, QC, upcoming hearing.

Type: Hearing

Date/Status Details: Citations Issued

Hearing Detail:HE20160043

CITATIONS
CO20141614

Based on your handling of real estate transactions on behalf of SF between 2007 and 2009:

It is alleged that you failed to conscientiously serve the interests of your client and such conduct is deserving of sanction.
It is alleged that you acted while in a conflict of interest and preferred your own interests over those of your clients and such conduct is deserving of sanction.
It is alleged that you failed to act as a careful and prudent solicitor to keep your client informed about the progress of her matter and such conduct is deserving of sanction.
It is alleged that you released funds from your trust account that were received for a designated purpose when the purpose had not been satisfied and such conduct is deserving of sanction.
It is alleged that you failed to provide accounting information requested by your client contrary to Rule 125(6)(b) and such conduct is deserving of sanction.

CO20102043

Based on your involvement in the Crossroads Project and all subsequent related transactions that occurred between 2007 and 2015:

It is alleged that you acted while in a conflict of interest on the Crossroads Project and such conductis deserving of sanction.
It is alleged that you acted while in a conflict of interest, preferred the interests of one client over another and benefitted from this preference and such conduct is deserving of sanction.
It is alleged that you violated various Accounting Rules of the Law Society and such conduct is deserving of sanction.
It is alleged that you failed to comply with several directions of the Court which as a member of the legal profession brings the administration of justice into disrepute and such conduct is deserving of sanction.
It is alleged that you failed to promptly and completely respond to the Law Society investigators and such conduct is deserving of sanction.
Lawyer Directory

See the original publish of the upcoming hearing information at the following link: http://www.lawsociety.ab.ca/lawyer_regulation/hearings_outcomes/hearings_upcoming.aspx?hid=365