LOL!! The story is much more dramatic and complicated than that. Sid claims that he acquired the "bonds" in Colombia. He's never said when, but it was probably in the summer of 2007. That was when he was roaming around with Zuzanne Kanaty, a very handsomely paid "associate" who has some odd connections.
Sid later told David Baines of the Vancouver Sun that the middleman was Richard (or Ricardo) Torres Utria. If you go to the financials, you'll see that the transaction is sketchily described in a note. Supposedly the "bonds" were owned by the estate of an unnamed dead guy. Sid supposedly dealt with the trustee of the estate. Presumably that was Torres Utria.
But I don't think there ever was a Dead Guy, or an estate. I think Sid fell victim to an advance fee scam. I also believe he had every intention of keeping the bonds for himself, until he found out they were fake. In early 2008, he tried to use them as collateral with HSBC. They asked ING about them, and ING said they were not the real thing. So a few months later, he tried again, at another branch. Same result.
And no, nobody knows why he wasn't arrested for uttering forgery the second time round. But the Canadians don't care a lot about financial crime.
So Sid was unable to do anything useful with them. In early 2010, he suddenly announced that they were owned by PFNO (though in his subsequent lawsuit, that was not mentioned). The Big Press Release had the desired effect, driving stock price way up.
Then in September 2010, he sued HSBC and ING. The action was mostly about his mortgage; HSBC was foreclosing on his home and he wanted to stop it. That didn't work.
There are, of course, more bells and whistles, but that's the basic story. The "bonds" are indubitably fake.
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