This issue pertains to a TSX listed company which has just recently received $341,644 from the Ontario government. The Board Chair, a man named McKenley Esnard, has professional credentials which have been completely falsified. Esnard claims to have 3 PhDs and a Harvard MBA.
An independent investigation has found that the Office of the Registrar of every one of these schools has no record of degrees earned or attendance by McKenley Esnard.
Moreover, McKenley Esnard also claims to have Committee and Chair positions with the United Nations in Canada. Further, he has used this claim in promoting his consulting services to various communities including First Nations communities. The United Nations Association in Canada confirms McKenley Esnard is not and has never been on any sub-committees for the organization.
Independent investigation has found
at least fourteen(14) possible and significant mis-representations in McKenley Esnards professional biography.
A small company with limited track record and marginal revenues could only receive a funding package such as this based on the strength of its management team. Clearly due-diligence was not done by the Dalton McGuinty Government. In fact, the issue is now
being investigated by the Ontario Securities Commission.
My questions are as follows:
- Why is $341,644 of Ontario Taxpayer money being given to a company whose Board Chair is a professional fake?
- Why didnt the Government do its due-diligence?
- How could the Minister, Glen Murray, Minister of Research and Innovation, have signed off on this?
- How does a TSX Venture Exchange listed company have a Board Chair whose credentials are completely falsified?
- How did Auditor Wasserman Ramsay CA not uncover this?
- Have taxpayers been ripped off?
- Where is the money going?