The People vs The Banks

Thu Aug 25, 8:00 AM ET

(PRWEB) - For Immediate Release

Vancouver, British Columbia (PRWEB) August 25, 2005 -- Almost five months to the day of the initial filing of the biggest class action suit (case # S91786) in Canada, John Ruiz Dempsey on Behalf of the People of Canada versus Envision Credit Union, Laurentian Bank, CIBC, Royal Bank, Bank of Montreal, TD Canada Trust, The Canadian Payment Association and others, the lawyers representing the financial institutions are gathering steam to try to stop John Ruiz Dempsey, a criminologist and forensic litigation specialist from proceeding with their application to the court to strike Mr. Dempsey"s statement of claim in whole or in part.

Hearings are set for September 12 and 13 at the Supreme Court in Vancouver. The statement of claim alleges among other things, creation of money out of nothing, fraudulent misrepresentation, money laundering, fraud, charging of criminal interest rates and breach of contract. A copy of the Statement of Claim is available for download through http://us.rd.yahoo.com/dailynews/prweb/bs_prweb/storytext/prweb276608/16211455/SIG=116u64vvq/*http://www.freewebs.com/classaction/ .

"This without a doubt will be a precedent setting case that is sure to change the face of the banking system in Canada forever. Without even taking into consideration the potential damages, the sheer numbers of people alone who potentially can participate in this action, will in my estimation make this case the largest lawsuit ever filed for Class Certification in this nation", stated John Ruiz Dempsey.

The banks are being represented by two of the largest law firms in Canada such as Borden, Ladner, Gervais with 670 lawyers and Fasken, Martineau, Dumoulin with 500 lawyers. This is clearly a David and Goliath case where these lawyers are moving to tread heavily on Dempsey and the people of Canada he represents.

News conferences are currently being arranged and will be held September 9 in Vancouver and Montreal. Various citizen freedom movements and other special interest groups representing thousands of Canadians from across Canada are expected to rally in support of this action.

Media representatives wishing to attend any of the news conferences, or wanting to ensure that they are on our mailing lists, or wishing to arrange for interviews with legal, forensic and other experts after any of the news conferences should call to ensure that their current information is on file.

In Montreal, Quebec
Contact: Bruce Margolese
(514) 294-3284

In Vancouver, B.C.
Contact: John R. Dempsey
(604) 597-1475

Since sending out a news release in April announcing the filing of the Class Action Law Suit, we have been inundated with calls from persons asking if it is too late to become involved.

The answer is no. As long as you fit any one of the five criteria listed below, you can apply for registration for class participation. While we would like those interested in becoming involved to do so on a timely basis, as it adds strength to our efforts, a cut-off date for participation will be established (I believe by the court at a future date).

The criteria for participation is as follows:

1. If you have been involved in any kind of loan transaction with any bank or financial institution you are eligible to participate;

2. If you did not know that banks and financial institutions are engaged in illegal creation of money, you are eligible to participate;

3. If you were told by your bank or financial institution they loaned you money without receiving "cash" or "legal tender" money or currency, you are eligible to participate;

4. If you were unaware that the bank or financial institution made you sign a promissory note or loan application form and "monetized" the said note or form by way of your signature, you are eligible to participate;

5. If you or your family have suffered or are facing foreclosure or seizure of property or debt collection by banks or financial institutions as a result of any loan or debt transactions with any bank or financial institution, you are eligible to participate.
It is important to note that you do not have to be object or victim of any debt collection, foreclosure or any other legal proceeding to participate.

It is also important to note that having your "debts" to any bank or financial institution, does not preclude you from registering to participate in this legal action.

If your reason for participation is as a result of your situation falling into category 3) or 5) above, please provide full details.

How to Register:
Information is available from our Web site: http://us.rd.yahoo.com/dailynews/prweb/bs_prweb/storytext/prweb276608/16211455/SIG=115fot8p1/*http://www.freewebs.com/classaction .

Alternatively, you can drop us a note, stating your desire to participate in accordance with the applicable criteria itemized above to effect your participation at this time. However, the above mentioned Web site contains valuable information regarding banking fraud as well as a very important information regarding class action suits, the legal system, bank fraud and scams, illegal debt collection which you should be aware of prior to your next visit to a bank or financial institution.

If there is more than one person in your family wishing to participate, each participant should fill out a registration form. Where children under the legal age are involved, parents or guardians should complete a registration request for each child, on their behalf.

Please ensure that all requests for registration are legible and contain your full name, complete mailing address, phone numbers and fax numbers and e-mail addresses where applicable. It makes our job of communicating with you that much less costly and more efficient.

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John R. Dempsey
604-597-1475
E-mail Information