8668607111

Meggie, I lost $30,000 as a single mom of 3 kids. I took it from my line of credit and still paying for it. Never seen my money again. I am sure I would be able to use it better for my kid's school education. That was my biggest investment and I would never give anybody this kind of money.

Here is an update on the tax shelter promoted by Darren Weeks.  Anyone suprised by this?

As choppy political waters rock London Mayor Joe Fontana locally, a charity he heads said it’s cutting ties with a tax shelter criticized by Canada Revenue Agency.

The embattled Fontana, under investigation by the Mounties for federal cheques used to pay for his son’s 2005 wedding reception, is chairperson of Trinity Global Foundation.

Last week, Canada Revenue Agency announced taxpayers participating in tax credit schemes will see assessments of their claims for tax credits placed on hold. The agency is targeting taxpayers who receive tax receipts for amounts greater than the amount they donate.

CRA records show donations to Trinity stood at $72,000 in 2008, the year Fontana joined it. By 2011, it issued $72 million in receipts for charitable donations.

That same year, Simple Financial Management of London, a neighbour of Trinity Global on York St., advertised on Kijiji that

Trinity investors could turn “as little as $500 into $27,000 of tax credits.”

Eleven months ago, Trinity Global partnered with Global Learning Gifting Initiative (GLGI) in a plan to distribute computer “courseware” to people needing to upgrade their education and job skills. Recipients of the courseware were to be the underprivileged and First Nations members.

Fontana has declined interviews about the operation of Trinity, referring questions to his son, Ugo Joseph, who is president of Trinity.

The younger Fontana told The Free Press that Trinity Global will not renew its one-year agreement with GLCI.

“We believe it’s time for Trinity to now focus its efforts on external grants and its many non-gift-in-kind programs.”

The grants and programs include helping to feed hungry children across Canada, protect children from the sex trade industry and support local food banks, he said.

In court documents, CRA has called the GLGI tax shelter program a “sham” intended primarily to enrich donors, rather than help those in need.

CRA has denied more than

$5.5 billion in donation claims and reassessed more than 167,000 taxpayers who participated in tax shelter schemes. A British Columbia woman, for instance, received tax receipts of $56,000 and $53,000 for a donation of $100.

“All gifting tax shelter schemes are audited and the CRA has not found any that comply with Canadian tax laws,” the agency said.

Trinity replaced Glooscap Heritage Society as a Global Learning partner.

Last month, Nova-Scotia-based Glooscap became the fourth former partner of Global Learning to have its charitable status revoked by the federal government. The CRA said Glooscap received nearly $25 million in cash and goods in 2008 and 2009, but only $900,000 was used for its charitable purposes as millions went to its promoters and GLGI.

After stories about the London mayor and his ties to Trinity, founder Vince Ciccone and its activities appeared in The Free Press in August, Fontana and Trinity served a “notice of intended action” against the newspaper under the Libel and Slander Act.

The CRA noted this is the busy selling season for such tax shelters and warned if taxpayers are offered a tax receipt larger than the amount donated, “it is very likely not a valid donation.”

The agency suggested taxpayers seek independent financial advice if they’re considering a tax shelter.

chip.martin@sunmedia.ca

It looks like the CRA should have all the information they need to shut down one of the Dareen Weeks "opportunities".  Check out recent articles in the Toronto Sun that relates to the Tax Shelter promoted by Fast Track Tax - GLGI.

Keying in the search of "GLGI Joe Fontana" will bring up some interesting articles.  Recent news also mentions that CRA will be auditing the promoters of these types of Tax Shelters.

Darren Weeks recently shut down Fast Track Capital and the Tax Shelter he promotes (GLGI) was in the Toronto newspapers today becasue the chairty is in trouble for issuing receipts for GLGI.

Looks like his famous DUE DILIGENCE isn't worth a hill of beans.  

Wait for the next GET RICH IDEA in your mailbox soon!

Here is an article which describes how the Fast Track Group of companies was disciplined.

http://www.investmentexecutive.com/-/osc-suspends-emd-fast-track-capital

His next rich idea will once again work for him and not anyone else!!!

they are now trying to sell stock in a gold mining refinery in Las Vegas.  Total scam.

I invested $10,000.00 a number of years ago with Fast Track after hearing a Darren Weeks seminar. The property is Savanna Springs Apartments. I received a statement for 01Jan15 informing the market value is $1,429.00
Wtf !!!

Regarding Darren Weeks, what can be done? Between my ex and I, we estimate $250,000 of our life savings just disappeared over the span of two years. They were sending out financial reports that were inaccurate, and then came up with numerous reasons why the money disappeared. They refused to answer my calls for two years and was lucky to actually talk to someone honest enough to admit they can no longer sell this funds, they were grossly mismanaged and involved in scams I now am fully convinced they are criminally responsible and am going to my MLA first, then to a lawyer and possibly to the police. This was our life savings, folks. Without exaggeration, my future now looks over. This story needs to be told and people at Fast Track need to be held accountable for their negligence and blatant disregard for the sacred trust people entrusted them with. I am actually probably going to die because of this and meanwhile I see Weeks and his agents continuing to pretend they are brilliant investors. The only thing I think they are brilliant at is distroying lives.

We invested $200,000 with Darren 3 years ago with a contract that it would be paid out in 2 years. I started getting worried when the staff started quitting. Then payments were late or I had to remind them. They always had lots of excuses( if I could get a hold of them) I started to think we would never see our principal back but they have been making payments and we now have $125,000 back and each month i keep my fingers crossed that another payment will arrive. Lots of stress has been created for my husband an I over this situation. Darren Weeks is a good sales person , he was able to convince me to give him my money to invest.
I think there are more of us out there,  cringing  that we have been scammed. Eventually it needs to come out to the public what he is really about. I even thought of attending a rally with a sign and handing out pamphlets of what he had done to us.
So I am sorry Sam that no money seems to be coming back to you but I keep my fingers crossed that our payments continue to come.

I  too have invested in 3 properties with Fast Track  .. I find this info quite disturbing as it sounds as if I'm out  the sum of $$        I recently received  funds deposited directly into my acct from Saddle Creek investments
Has anyone else received this as well?? I also received a delinquent notice from Olympia trust which is what got me started  looking at the going ons of FT.   FT came onto the BC market like a house on fire  lots of advertising and some marketing of there seminars..  But after awhile i noticed  FT kept changing  acct mgrs which should have set of alarm bells.    Now I just want to get  my $$ out and move on. Can anyone  guide me  to where I should go next?/ I also see on the FT website they are offering another seminar in Edmonton in middle Nov 2015  WTF   How can they  continue to operate when they are in the bad books of so many others??/
All comments are greatly appreciated

Have you had any luck with this?

There is apparently a seminar that will happen in November in Victoria. the payments we were receiving seemed to have stopped. I am thinking that it is time to gather together and make our presence known at one of  Darren weeks sessions.
My only fear is that if we let every one know about his ponsi schemes that we will be less likely to collect our money.
It may be time soon that we all actually talk to each other.
It is no nice to admit you have been scammed but I think we need to.

Scammed in B.C.Sorry this has happened to you.I feel I have been mislead by FT Representative over an investment that had hurt me.I wrote to Darren and conveyed my concerns and he has not responded.Those Representatives(staff) that quit did so because of ethical reasons.Anyone that I have met that has dealt with FT has had bad experiences with them.Darren Weeks is what you can do for Darren Weeks and everything about him is hype.

At some point we need to stop him!

Time to go off to the lawyers!

I'd like to make contact with you.Yes Darren Weeks needs to be stopped.His present representatives  are very dishonest.The only thing I've learned from Fast Track is how to lose your money.My email address is ussuriska@hotmail.ca.My name is Murray.

Check out Fast track wronged investors of Vancouver island  at meet-up site online.

Please remove my post . I am being sued over these issues.I made this Post
Janice Hiles

What issues are you being sued over?

Admin needs direct contact, and more than conjecture, before considering deletion.