The Bank Of Nova Scotia- Banking Fraud

Back in 1967 I came to the USA with my older sisters form the island of Barbados.  I later returned to attend school in Barbados before leaving again to return to the US.  Upon my return I opted not to attend college and joined the U.S Army where I received a Congressional nomination to the United States Academy West Point.  I did not attend West Point but went on to join the 82nd Airborne Division.

I was honorably discharged and started out in the telecommunications and technology industry and made a name for myself.  While working  with Lucent Technologies, Inc. I got a good feel for where the industry was going and where it would be today and have been spot on.  When the Oklahoma bombing happened I sent the FBI a long recommendation to use finger print scanning and other biometric tools some of which we now see being slowly implemented.

I returned to Barbados while working for GRIC and that was when i got the entrepreneurial bug and started my own telecommunication company.  I signed on with the U.S Advocacy Program and made a personal commitment not to do anything that would go against my own personal integrity and morals.

I was approached by those that wanted me to bribe them to get the telecommunication licenses but a vehemently refused to do so and managed to successfully receive a concession for the licenses i needed.  Despite this at every turn my attempts to launch the company and get funding were faced with those seeking to either steal the company or undermine my efforts.

Those that would want me to accept their terms of fraudulent activities which were declined then insured that they smear my name for being rebuffed by me

Last year we managed to get a loan from the Bank of Nova Scotia (Barbados).  In January of this year just as we ere about to launch the company starting off with call termination the Bank of Nova Scotia (Barbados) froze our company's (AccessOne Barbados) bank account claiming that according to the SWIFT message we were only suppose to use the funds to pay the invoices of WireIE, the guarantor for our loan.  The Bank of Nova Scotia has completely ignored the fact that the Term Sheet clearly stated the funds were supposed to be used to assist with the building of our WiMAX network, and there is nothing within the agreement signed by the bank that stated the funds were supposed to be used to pay any invoices form WireIE.

The General manager of the bank asked us not to tell WireIE because they ( Bank of Nova Scotia) screwed up and would be sued.  We were then told to find a replacement investor which we did.  The new investor agreed to invest $ 10,000,000.00 USD in the company which would have replaced the existing loan.  The new investor's attorneys gave the bank two "Undertakings".  The undertaking provided to the bank were that should AccessOne not draw down on the approved loan within 60-days the $ 500,000.00 USD that was to be sent by the bank would be returned.  The second undertaking was that the first tranche would be sent directly to Bank of Nova Scotia insuring they would be able to take out the proceeds to pay back the loan of $ 2,000,000.00 USD of the original

$ 2,400,000.00 USD.

I travelled to London to complete the transaction and while there the new investor and I got a call form the General Manager of the bank, Mr. Mac Anderson, that he would not be sending the funds to complete the transaction which he previously agreed to do.

One of the invoices from the guarantor, WireIE (Canadian company) was for $ 900,000.00 USD and provided no detail explanation for the purpose of the invoice.  To approve the payment of such an invoice would have been tantamount to money laundering.  The attorney who handled the transaction provided an affidavit confirming that at no time was there ever any discussion to use the funds from the loan from the Bank of Nova Scotia to pay any invoices from WireIE.

We were able to uncover that the law firm used by the Bank of Nova Scotia, Cassels Brock, is also the law firm that was used by WireIE.  In addition to this the General Manger of the Bank of Nova Scotia used to work for the Chairman of the investor in WireIE, and The General Manager of the Bank of Nova Scotia breached the confidentiality of AccessOne Barbados and the Bank of Nova Scotia by sharing the information pertaining to AccessOne Barbados with persons outside the bank as well as with WireIE.

The Bank of Nova Scotia's actions has caused AccessOne Barbados, Inc. to lose approximately $ 21.4 Mil USD as of the end of September.  I would like to have this story told because I don't want those coming from poor families like have run into this and be dissuaded from pursuing their dreams and hopes for a better life.

I would like to see the U.S Authorities that I have made aware of the actions of the bank take action against the bank and its senior executives.  I would also like to see the U.S Department of Justice take action against the bank as well.  At this stage the bank has denied it did anything wrong and has denied that they agreed to send funds to London despite the hard and irrefutable proof provided from an email sent to the old investors in London.

I want to world to know that the Bank of Nova Scotia and its Executives Mr. Mac Anderson, General Manager, Mr. Kevin Teslyk, Eastern Caribbean President, and Mr. Roy Purcell are dishonest banking executives and should be investigated for what they have done in this matter.  It is clear that the Toronto offices of the bank are involved as well.

Keith J. Walker

Founder/Chairman

AccessOne Barbados, Inc.

P.S I am happy to provide any documentation and letters.  I can be reached at 909-342-0288

Government and its agencies must hold banks responsible for their illegal actions.