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Is David Mainse An Unethical ScoundrelLike Benny Hinn?
SEE ALSO GREAT EXPOSES OF WOLVES IN SHEEP’S CLOTHING
 
Axcess Automation/Fund updates Gordon Driverarrested, Reynold Mainse facing OSC ruling inNovember. Acted contrary to the public interest
 
I’ve fallen behind a bit in updating the Axcess Automation/Funds saga. A lot has
happened lately, with a couple of the key players in the ponzi scheme which sawinvestors lose millions.The Ontario Securities Commission has put up
, the findings of ahearing held in April 2011 involving Reynold Mainse, Steven Taylor and Gordon Driver.Former 100 Huntley Street host Reynold Mainse has acknowledgedviolating sections of The Ontario Securities Act (OSA) and being a point man in theAxcess scheme. Mainse and his now defunct company World Class Communications Inc.were found to have traded securities without a licence. The OSC determined (as theyhad with his brother Ron Mainse and cousin David Rutledge) that he was not party tothe fraud.The Hamilton Spectator: 
 
The OSC ruled that he had improperly traded securities without being registered, by
recruiting more than a dozen family and friends to participate in Driver’ 
s scheme.
Ron Mainse, Reynold’s brother, and their cousin, David Rutledge, were ordered to pay a
combined total of nearly $450,000 in restitution and penalties to the OSC in August2010 for similar roles as recruiters.The OSC has described Reynold Mainse, Ron Mainse and Rutledge as unwitting dupes
who didn’t perpetrate any fraud themselves.
 Driver had been a longtime family friend.
 “I feel absolutely sick about it,” said Reynold Mainse. “It’s just a huge, unfortunatesituation for me and my family.” 
 Mainse said he attracted five family members and 10 friends to invest in what he
thought was “a great opportunity, which obviously wasn’t,” he said.
 
 “I’ve apologized to them,” Mainse said. “They’re still my family, they’re still my friends.” 
 Reynold Mainse will be back before the OSC November 7th. He now runs a photographybusiness out of the Hamilton area.Pertinent paragraphs in the OSC decision regarding Reynold Mainse.
[11] Reynold and WCC, who were represented by counsel, admitted all of the allegationsrelevant to them. As Reynold admitted the allegations against him in this matter and was not contesting the evidence presented by Staff, he and his counsel only attended certain portions of the hearing. Reynold appeared on April 11, 15, 19 and 20, 2011, and his counsel appeared on April 11, 13, 15, 19 and 20, 2011.[23] WCC was incorporated in Ontario in September 1998. According to Reynold,he stopped doing business through WCC in 2000 or 2001, but later re-activated WCC which contracted with a Christian non-profit charitable organization to lead and  promote
international humanitarian aid missions. In December 2008, WCC’s registration
was cancelled 
for failure to comply with the Corporations Tax Act, R.S.O. 1990, c. C.40,as amended.The OSC states that Reynold Mainse was the sole director of World ClassCommunications Inc. Pages 14 to 17 outline the allegations Mainse admitted to.[83] Reynold, who was interviewed voluntarily by Staff and voluntarily provided Staff with documents relating to the Axcess Investments, made admissions on the first day of 
the hearing on the merits. His counsel explained that, but for Reynold’s personal
financial situation, he would have settled with the Commission. His counsel furtherexplained that Reynold does not have the means to disgorge to the Commission the
funds he received through his and WCC’s involvement in the Axcess Investments given
the nature of his career and the dedication of his time and resources, including themoney that he received from Driver, to Christian not-for-profit charitable organizations.
 
As a result, he elected to participate in the the hearing on the merits and testified toprovide a full factual record to the Commission.[127] From July 2007 to the end of 2008, Reynold acted as a point person betweenDriver and investors who were identified by Reynold at the hearing as being his familyand friends. The Reynold Group, comprised of 23 people, invested a total oUS$4,131,400.96 and subsequently received payments from Driver totalingUS$2,875,054.87.[158] The evidence shows that Driver had occasionally met or directly communicatedwith investors about the Axcess Investments. Ronald and Rutledge gave consistent andcredible testimony that they facilitated meetings between small groups of investors andDriver. According to Ronald, two such meetings took place in Burlington, the first inearly to mid-
July 2007 and, the second, at Ronald’s home in late July 2007. Rutledge
testified that he arranged for investors to meet Dri
ver at Ronald’s house in July 2007
and in Las Vegas in February 2009 and personally attended these meetings. Reynoldalso testified that he arranged meetings between Driver and investors and that heattended some of these meetings.[162] For example, Rutledge and Ronald understood that they would receive 5% of 
 “[Driver’s] company’s growth” as commissions which were to be shared between them
 (Hearing Transcript dated April 15, 2011 at p. 44). Reynold also understood that he
would be paid “five percent of the
 
money that [he brought] to [Driver]” (Hearing
Transcript dated April 19, 2011 at p. 125). More specifically, Reynold explained that thecommissions would be 5% of the trading profits that Driver retained, or 3.75% of the
total profits generated by Driver’ 
s trading activities.
[163] We accept Staff’s flow of funds analysis which shows that both Taylor and Reynold
received funds from Driver. Driver transferred US$1,430,216 to Taylor and the TaylorCompanies, and $210,219.50 to Reynold and WCC. Although Reynold testified that therewas no clear distinction as to whether the funds he received were a return on hisinvestment or commissions, we find that Taylor and Reynold received payments as aresult of acting as point persons for Driver.Page 40, 41 and 42 [200-212] lay out the details of Reynold Mainse activity andinvolvement.
[211] Staff’s flow of funds analysis shows that Reynold received a total of 
$210,219.50 from Driver, of which $9,987 was received by Reynold personally and$200,232.50 was received through an account in the name of WCC.
[212] Based on Reynold’s admissions and evidence described above, we find
that Reynold and WCC engaged in trades and acts in furtherance of trades within themeaningof the OSA in relation to both the Axcess Automation Investment and the AxcessFund Investment.While Ronald and Reynold Mainse made it publicly clear they were victims of this scam, as point people were also victimizers. Neither brother is facing, or will face
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