A raid on an alleged boiler room in Vancouver is further evidence that the Bank of Bermuda may have been conned out of $14.3 million when it invested in First Ecom.com Inc.
Canadian securities regulators and armed police have raided a Vancouver boiler room operation closely linked with Brek Energy, whose offshore investors, including the Bank of Bermuda and clients of Lines Overseas Management, have lost tens of millions of dollars in
Canadian national Gregory Pek has retired as President and CEO of loss making Brek Energy, formerly First Ecom.com, and been replaced by 57 year old Richard Jeffs.Pek stepped down only a few months after overseeing Brek's purchase for $770,000 of