Valtx Cyber Security — Self-Serving, Racist All-White Ontario Securities Commission vs Dennis

SYSTEMATIC RACISM OF ALL-WHITE ONTARIO SECURITIES COMMISSION (OSC) - WHAT IS PREMIER DOUG FORD AND FINANCE MINISTER ROD PHILLIP GOING TO DO?

Dennis Meharchand, a person of colour,  is wrongfully found guilty of violating Securities Regulations by an All-White Ontario Securities Commission (OSC). OSC Staff (investigators were Christie Johnson, Daniella Kozovski and Jody Sikora) Blatantly Forged Information on the allegations and the three Commissioners (Judges) falsely dismissed evidence provided as "uncorroborated" when the Enforcement Staff (Christie Johnson, Daniella Kozovski and Jody Sikora) had interviewed Valt.X Investors whom gave evidence corroborating the evidence of Valt.X Founder and CEO Dennis Meharchand. In the trial when Mr. Meharchand complained that the OSC Enforcement Staff had taken three of his Emails to Valt.X Investors and MERGED THEM to create a FALSE NARRATIVE and that they should be removed from the trial, Tim Moseley (Vice-Chair of OSC - Paid an Exorbitant amount By the OSC ($481,974.12) and former Prosecutor and Manager of the Enforcement Division of the OSC for several years dismissed Mr. Meharchand's complaint telling Mr. Meharchand that "NO ONE IS ACCUSING HIM OF ANYTHING" dismissing Mr. Meharchand's Complaint of the Forgery. On one of the Charges the Three All-White Commission Judges led by Tim Moseley (Vice-Chair of the Ontario Securities Commission, 2019 Salary $481,454.12 - more than twice that of our Premier, Doug Ford who gets a salary of $208,974) ruled that the Brown Skinned Dennis Meharchand, whom immigrated 40 Years ago to Canada from the Racist, Apartheid Regime of South Africa, must register with the Commission when the hundreds of White CEO's raising Capital do not have to and THERE IS NO SUCH REGISTRY for Corporate Executives raising money for their Company Only and Tim Moseley had already previously ruled in December 2016 that Dennis Meharchand did NOT have to Register with the Ontario Securities Commission!! The difference this time: In the 2015 appearance Dennis Meharchand was represented by a White Lawyer with experience working at the OSC and presented evidence that the OSC Staff had blanked out 4/5th's of the MOST IMPORTANT DOCUMENT IN THEIR EVIDENCE, this time Mr. Meharchand was NOT, represented at any time by any lawyer in the appearance before the Commission except for "a settlement where You MUST plead GUILTY" and Tim Moseley was by that time already promoted to Vice-Chair of the OSC with his BIG $481,454.12 Salary - This time he does the DIRTY WORK of the OSC (more than double the salary of PREMIER DOUG FORD) - HE, along with everyone else from the OSC who participated in this sham investigation and conviction, BE FIRED BY DOUG FORD AND THE FINANCE MINISTER ROD PHILLIPS).

WE NEED JUSTICE - For Mr. Meharchand and all the other people of Colour being targeted by and falsely convicted by the ALL-WHITE Ontario Securities Commission (All Management are White and All 20 Commissioners are White). In-Addition The Out-Dated Securities Regulations are designed to prevent people of Colour from raising Capital while largely preserving the lucrative high performing Private Company investments for the One Percent. The Ontario Government has appointed a 5 Panel Committee to review Capital Markets - Kudos to Premier Ford for including a Persons of Colour on the Task Force albeit there appears to be no one representing the interests of Private Companies trying to raise capital. 

VALT.X Holdings Inc. and Dennis Meharchand are seeking  Counsel regarding an Appeal and Lawsuit against The OSC. Contact Dennis@valtx.com Cell: 416-618-4622

04-15-20 UPDATE: OSC CHAIR MAUREEN JENSEN "RESIGNS" OR WAS SHE  ASKED TO LEAVE (FIRED)? This page will update information on the Self-Serving, Racist, All-White Ontario Securities Commission (OSC) and their attacks on many innocent People of Colour, Companies such as Valt.X Holdings Inc. (VALTX), Home Capital and Others;

Sep 2015 - RACIST WHITE OSC Enforcement Staff (Daniella Kozlovski and Christie Johnson) present Forged/Redacted Evidence at a Hearing before the Commission blanking out 4/5ths of the Accredited Investor Certification page in Valt.X Holdings Subscription package. They are caught by Dennis Meharchand, Founder of VALTX who was represented by James Wood, a White Lawyer.

December 2015 - Then Commissioner Tim Moseley ruled in favor of VALTX and Dennis Meharchand.

The idiots at the OSC continued their fraudulent investigation/Hearings against Valt.X Holdings and Founder, Dennis Meharchand again forging evidence against Dennis and VALTX - this time taking three emails and merging them together to form a false narrative.

Tim Moseley is promoted to Vice-Chair and together with two other WHITE Commissioners find Dennis and VALTX Guilty reversing Moseley's 2015 Decision on two of the same allegations.

On the Fraud Allegation the OSC alleges that some of the $1.6 million raised was used for Personal Expenses. Dennis shows that $3 million was used for Legitimate Company Expenses with the extra $1.4 Million owed to Dennis. The Self-Serving, Systematic Racist Ontario Commissioners headed by Tim Moseley convicts Dennis anyways claiming that his evidence was "not corroborated " - which is not true - Investors were interviewed by OSC Staff and Paperwork was provided showing transactions.  

The Respondent's are  NOT represented by Counsel - the OSC falsely states that the Respondents were represented by Counsel at all times.

OSC Chair Maureen Jensen appears to have been Fired by Ontario Premier Doug Ford 15th JAN 2020 - Officially as a "Resignation" with 15th April 2020 being her last day.

OSC FACTS: Takes in $125 million per Year of Investor money. Chair has an annual salary of $708,000 - more than 3 times the salary of Ontario's Premier Doug Ford ($209,000).  OSC has 326 employees on the Sunshine List earning $100,000 or more per year. In OSC Tribunal Hearings the "Judges" are NOT INDEPENDENT - they are OSC PAID STAFF.

Violations of OSC Staff - Tampering with and Forging Evidence against Respondents. Strategy - attempts to overwhelm Respondents with irrelevant information. Publishing False Information Online to impact Defendants. Gives staff $million raises for doing this.

Ontario desperately needs funds - The OSC has $50 million in cash - The Premier should take away these funds from the OSC and cut down their budget.

Doug Ford speaks on Sunshine List: http://www.cbc.ca/player/play/1193751107894/

COMING SOON - A VIDEO SERIES SHOWING EVIDENCE OF FRAUD AGAINST THE OSC

Episode 1 - The Case - Fraud - Valt.X Holdings/Dennis or the OSC? Dennis Raises $1.6M and spends $3 million with the extra $1.4 million coming from Dennis. Dennis Takes No salary - Zero over 5 Years. The OSC takes in $625 million of tax payer money over 5 Years, Spends over $1 million investigating Dennis and gives OSC staff a $1 million salary increase. Who's Guilty of Fraud? The Self-Serving OSC or Dennis?

Episode 2 - The Case - Need to Register with the OSC - Yes or No? Not for White Folk!! OSC Commissioner Tim Moseley at first agrees - No need to Register. He is then made Vice Chair with a huge salary increase - Now he agrees with OSC Staff - Only the Brown Skinned Dennis must Register - Not any other CEO's.

Episode 3 - The Case - Do Investors need to be Accredited? Who's Money is it Anyway? Spend Your Money in an Ontario Government Casino - No Limits - The Rich Get Richer on Pre-IPO Deals. The Systematic Racisim keeps People of Colour Economically Suppressed - WHAT IS DOUG FORD GOING TO DO?

Episode 4 - Tampering with and Forging Evidence by the OSC Enforcement Staff - Daniella Kozlovski, Christie Johnson and Jody Sikora take emails and Financial information and forge documents. Each gets paid abpot $300,000 each for what they have done and get huge pay raises. Is Kozlovski's Grandfather a Polish Nazi Sympathizer wanted for War Crimes? Is Kozlovski really Kosmowski???

Episode 5 - Kate McGrann, OSC Enforcement Division hired outside Legal Counsel requests that The Panel (Judges) Ignore the Evidence

Episode 6 - OSC spends more than $1 million on investigation and gives the 9 OSC Staff mostly involved over $1 million in Annual Salary Increases - Tells Ontario Premier Doug Ford to Kiss Their Ass

Episode 7 - The Characters - Tim Moseley - promoted to Vice-Chairman - The China Connection - A Conspiracy to stop Valt.X from bringing it's Cyber Security Defense Technology to market. Rick Radu, OSC Enforcement Manager - The Russian Connection. Tim Moseley, OSC Vice Chair, sits in and provides favorable settlements for CIBC where his Husband works. 

Episode 8 - The Home Capital Case - Is there a Company that the All White Ontario Securities Commission can Ransom to make life more difficult for people of color and poor white people? Yes - let's go after Home Capital.

The Valt.X Case:

Valt.X Holdings and its wholly owned subsidiary Valt.X Technologies, both Ontario Companies, raised funds from Accredited Investors and developed innovative Cyber Security technology to cyber secure computers with absolute certainty.

In 2009 and again in 2011 Valt.X appeared before OSC Enforcement Staff who were investigating whether Valt.X investors were Accredited Investors and whether Valt.X was a legitimate Company. The majority of Valt.X Investors are not resident in Ontario. The OSC Staff found that there was nothing wrong with the Company's procedures for verifying that the Investors were Accredited and that all information supplied by the Company was true. In each case no action was taken and the OSC Staff acknowledged that the Company was "a good Company".

In September 2015 the OSC put a Cease Trade Order against the Company based on an alleged "complaint" from a new investor in Texas. The Cease Trade Order came at an untimely moment as the Company had interest in investing from sixty six Doctors. The OSC Enforcement Staff refused to discuss the matter with Valt.X CEO and Founder, Dennis Meharchand,  claiming he had "a reputation". A Hearing was held in October 2015. Valt.X Founder, Dennis Meharchand, discovered that key evidence, the Accredited Investor Certification Form that all Investors fill in was tampered with so that 4/5ths of the page was blank and any Commissioner (Judge) would not be able to see that proper procedures were followed. Valt.X Founder and CEO hired a lawyer. The lawyer discovered that there was no "complaint" and in a recorded interview with the Investor the investor emphasized that he was not making a "complaint" but was merely inquiring as to whether the Share Certificate issued was legitimate. A Hearing was held. The Commissioner judging the case, Timothy Moseley, ruled that the Cease Trade Order would be lifted and that there was no need for the Company and CEO to register with the Ontario Securities Commission. Apparently it was the first time that a Cease Trade Order was ever lifted against a Company appearing before the OSC. There was no admonition of the OSC Staff for tampering with and forging the evidence. The Valt.X lawyer advised that the entire legal community was talking about the case and that Valt.X should think about what it would plead guilty to as the OSC had tremendous resources and would not accept defeat. The CEO and key Investors made a decision to create a Company in the United States, Valt.X Cyber Security, with view to leaving Ontario.

The OSC continued it's investigation - in February 2017 the OSC alleged that the Company raised $1.4 million over 5 years (Jan 2012-Dec 2016) and used the funds inappropriately (alleging fraud). The Company showed that it raised $1.6 million with near $3 million in legitimate expenses and that the CEO and Founder, Dennis Meharchand, took ZERO in Salaries. The additional money came from the CEO himself and funds borrowed by the CEO. The allegations by the OSC nixed a deal with an Investment Bank to list Valt.X on a public Stock Exchange.

On 29th November 2017 Commissioner Timothy Moseley was appointed Vice-Chair of the Ontario Securities Commission with a substantial increase in salary.

In December 2018 The Racist All-White Panel , led by the Vice-Chair Timothy Moseley (who was now in line for a tremendous salary increase) ruled that the Founders evidence was "uncorroborated" and "incoherent" even though the majority of calculations on expenditures were prepared by the OSC themselves and the ALL WHITE OSC Panel of Judges had not indicated any misunderstanding of, NOR QUESTIONED, the arguments being made. The racist, Self-Serving Vice Chair who is on path for a huge salary increase found the evidence by the staff was "credible" even though we repeatedly showed that the OSC Staff had tampered with and forged evidence, including:

Tampering with the Companies Subscription Documents blanking out 4/5 ths of it's Accredited Investor Certification form in order to discredit the Company's valid procedures. Note: The Company had appeared twice before the OSC and was told that its procedures were all good.

Merging three separate Company Emails to create a false narrative of the Initial Crowdbuy program (ICP) - Program was canceled on advice of lawyers.

Falsifying many dates to create a narrative that the Respondents were delaying.

The Commission falsely asserting that the Respondents were at all times represented by legal counsel. The Respondents were not represented except for "Settlement Negotiations". The Respondents did not pursue any settlement as they are not guilty of anything. The OSC attempts to overwhelm Respondents - in the Valt.X case over $1 million and 3 man-years were apparently spent on the investigation.

Tampering with and falsifying many other pieces of "evidence".

Hiding from The Panel (Commissioners) evidence of Valt.X Investors corroborating financial transactions.

It is important to note that the Commissioners who are the "Judges" at these Hearings are not impartial - they work for and are paid by the Ontario Securities Commission. The Province should consider eliminating Hearings at the OSC and go straight to Court where impartial Judges can decide cases.

The Vice-Chair Timothy Moseley now changed his mind about whether Valt.X and it's CEO should Register with the Ontario Securities Commission. When asked which of the thousands of other CEO's raising Capital in Ontario had Registered with the Commission the OSC had no answer. Apparently its OK for white people to not register but Niggers, Chinks and Coolies must. I use these words as the Racist people at the OSC may not understand Blacks, Chinese and Visible Minorities.

The Company also argued that it is impossible for the Company and/or CEO to conclusively determine whether an Investor meets the Financial test as we would never know the Investors Liabilities - it is and always has been a SELF CERTIFICATION PROCESS!!

The Ontario Securities Commission needs to be reviewed and changes made to allow Private Small to Medium Sized Businesses unfettered access to Capital Markets and to allow Investors the right as to where to Invest their money. The damage to Ontario's economy is significant.

Now its up to Premier Doug Ford and Finance Minister Vic Fedeli to take action.

To Finance Minister Vic Fedeli;

cc: The OSC Panel and

Maureen Jensen, Chair OSC ($719,000 annual salary);

Doug Ford, Premier of Ontario

I am requesting a meeting to discuss the unprecedented attack by the Ontario Securities Commission against Valt.X Holdings and Valt.X Technologies Inc., Valt.X, an Ontario Cyber Security Company.

The Ontario Securities Commission has spent substantial resources, estimated at well over $1 million against the Companies to prevent the Companies from bringing their innovative Cyber Defense products to market. Products that could protect Canada, The United States of America and their Allies against Cyber Warfare, Cyber Espionage, Cyber Crime and Cyber Terrorism attacks.

The OSC Enforcement Staff have repeatedly forged the information used against the Company and the Self Serving, All White and Racist OSC Commissioners have twisted evidence given at the Hearings against the Company to find the Company guilty.

The result is that enemies of The United States, Canada and our NATO Allies have come against severe Cyber Attacks from China and Russia. See todays news stories -

https://www.bbc.com/news/world-us-canada-46638323 

https://www.theguardian.com/world/2018/dec/20/us-and-uk-accuse-china-of-sustained-hacking-campaign .

I am asking You Vic Fedeli, as Finance Minister of Ontario responsible for the Ontario Securities Commission to intervene in the matter.

What we have here is a Self-Serving Organization, the OSC, spending $125 million of Investors monies annually to attack Ontario and United States Companies while giving themselves huge annual pay raises. The salary level of Chair Maureen Jensen is $708,000 per year compared to Premier Doug Ford's $209,000 salary. Vice-Chairs apparently earn $440,000 per year.

The OSC is doing tremendous damage to the Ontario and Canadian economies and is now impacting our Cyber Defense - facilitating rogue foreign nations attacking us and stealing NATO Country intellectual property.

We need an urgent look at the matter to determine who in the OSC is working for China and Russia pushing these subversive attacks.

Much needs to be done with this rotten organization - the OSC has $50 million in cash and they take $125 million a year from investors. These funds can be put to better use elsewhere. The Premier has taken away funds not properly used from Ontario's Education Sector - what about the OSC with their rotten, corrupt Self-Serving, Racist, All-White Ontario Securities Commission with it's 326 employees on the Sunshine List earning $100,000 or more per year?

I will be calling news conferences to bring these matters to attention of the public.

The Valt.X Case:

OSC alleges that the Company raised $1.4 million over 5 years and used the funds inappropriately (alleging fraud). The Company showed that it raised $1.6 million with near $3 million in legitimate expenses and that the CEO and Founder, Dennis Meharchand, took ZERO in Salary. The Racist All-White Panel , led by the Vice-Chair Timothy Moseley ruled that the Founders evidence was "uncorroborated" even though the majority of calculations on expenditures was prepared by the OSC themselves. The racist, Self-Serving Vice Chair who is on path for a huge salary increase found the evidence by the staff was "credible" even though we repeatedly showed that the OSC Staff had tampered with and forged evidence, including:

Tampering with the Companies Subscription Documents blanking out 4/5 ths of it's Accredited Investor Certification form.

Merging three separate Company Emails to create a false narrative on the Initial Crowdbuy program (ICP).

Falsifying many dates to create a narrative that the Respondents were delaying.

The Commission falsely asserting that the Respondents were at all times represented by legal counsel. The Respondents were not represented except for "Settlement Negotiations". The Respondents did not pursue any settlement as they are not guilty of anything.

Tampering with and falsifying many other pieces of "evidence".

Hiding from The Panel (Judges) evidence of Valt.X Investors corroborating financial transactions.

Dennis Meharchand 

CEO, Valt.X Holdings Inc.

C:416-618-4622

W: www.valtx.com

E: dennis@valtx.com