Plus Token might be the third-largest crypto Ponzi scam in history

(August 23, 2019) – The Plus Token cryptocurrency app has allegedly defrauded customers out of more than US$3 billion using a Ponzi Scam, Cryptoslate reports. If the losses are confirmed, the scheme might be the third largest Crypto Ponzi Scam in history. Plus Token,...

Two men charged for complex luxury car related fraud scheme, damage exceeding $1.2M

Calgary (August 22, 2019) – Fraud charges have been laid against two men in complex series of luxury car related frauds. Calgary Police reports that the fraudulent transactions exceeded $800,000, the combined value of seized vehicles is $410,000, and ten victims of...

Peterborough woman allegedly wangled more than $13,000 with fake health benefit claims

Peterborough (August 22, 2019) – Evangelia Gryllou from Peterborough allegedly defrauded more than $13,000 through faking health insurance claims. She was arrested and charged with fraud and forgery by the Peterborough police. Between September 2017 and July 2018, the...

Investment fraudster could have targeted Iranian community, police assume

Toronto (August 21, 2019) – A man from Richmond Hill is facing two counts of fraud charges. He allegedly defrauded victims of almost $95,000 in total, CTV News reports. Police assume, he was targeting people in the Iranian community and they encourage victims to come...

Social media romance costs Perth County resident $20,000

Kitchener-Waterloo (August 21, 2019) – A Perth County resident has lost $20,000 to an online romance scammer during the last year. The victim reported the incident to the police on August 2 after realizing that the online love affair was a romance scam, according to...

Information Wanted

Breaking Fraud Cases from the Canadian Courts June 2019

  At Canadian Fraud News, we review the decisions as they are released by Canadian Courts and then published those which we believe are of interest to private sector civil fraud recovery lawyers and investigators, as well as public law enforcement, security...

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Breaking Fraud Cases from the Courts May 27, 2019

  At Canadian Fraud News, we review the decisions as they are released by Canadian Courts and then publish those which we believe are of interest to private sector civil fraud recovery lawyers and investigators, as well as public law enforcement, security regulators...

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Breaking Fraud Cases from the Courts April 26, 2019

At Canadian Fraud News, we review the decisions as they are released by Canadian Courts and publish those which we believe are of interest to private sector civil fraud recovery lawyers and investigators, as well as public law enforcement, securities regulators, and...

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Breaking Fraud Cases from the Courts April 12, 2019

At Canadian Fraud News, we review the decisions as they are released by Canadian Courts and then publish those which we believe are of interest to private sector civil fraud recovery lawyers and investigators, as well as public law enforcement, security regulators and...

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Breaking Court Decisions

Breaking Fraud Cases from the Canadian Courts June 2019

  At Canadian Fraud News, we review the decisions as they are released by Canadian Courts and then published those which we believe are of interest to private sector civil fraud recovery lawyers and investigators, as well as public law enforcement, security...

read more

Breaking Fraud Cases from the Courts May 27, 2019

  At Canadian Fraud News, we review the decisions as they are released by Canadian Courts and then publish those which we believe are of interest to private sector civil fraud recovery lawyers and investigators, as well as public law enforcement, security regulators...

read more

Breaking Fraud Cases from the Courts April 26, 2019

At Canadian Fraud News, we review the decisions as they are released by Canadian Courts and publish those which we believe are of interest to private sector civil fraud recovery lawyers and investigators, as well as public law enforcement, securities regulators, and...

read more

Breaking Fraud Cases from the Courts April 12, 2019

At Canadian Fraud News, we review the decisions as they are released by Canadian Courts and then publish those which we believe are of interest to private sector civil fraud recovery lawyers and investigators, as well as public law enforcement, security regulators and...

read more

Breaking Fraud Cases from the Courts May 27, 2019

  At Canadian Fraud News, we review the decisions as they are released by Canadian Courts and then publish those which we believe are of interest to private sector civil fraud recovery lawyers and investigators, as well as public law enforcement, security regulators...

read more

Investment Fraud

Investment fraudster could have targeted Iranian community, police assume

Toronto (August 21, 2019) – A man from Richmond Hill is facing two counts of fraud charges. He allegedly defrauded victims of almost $95,000 in total, CTV News reports. Police assume, he was targeting people in the Iranian community and they encourage victims to come...

Former Waterloo Region financial adviser and convicted fraudster back behind bars for at least another year

Kitchener (August 19, 2019) – Former Waterloo Region financial adviser, Daniel P. Reeve who is convicted of fraud is back behind bars for at least another year after the Parole Board of Canada revoked his day parole earlier this month. Reeve was arrested in May 2019,...

Regina woman sentenced to 7 years in prison in a multi-million dollar fraud case

Regina (August 16, 2019) – Regina businesswoman, Alena Pastuch was sentenced to 7 years in prison for defrauding investors of $5.5 million between 2007 and 2009 on Friday. The judge suggested to let her serve her sentence partially in a psychiatric center, CBC...

Man charged with $20 million mortgage investment fraud

Toronto (August 12, 2019) – Derek Scheinman was arrested in relation to a $20 million mortgage investment fraud, according to the York Regional Police. He is charged with defrauding the public, fraud over $5,000, possession of the proceeds of crime, laundering...

Waterloo Police warns of counterfeit currency after receiving several reports of victims

Waterloo (July 29, 2019) – Waterloo Regional Police warns of counterfeit currency. Since January 2019, 205 incidents involving counterfeit money being passed as currency were reported to the WRP. Most of the time, $20, $50 and $100 bills were in question. The fake...

Man charged with $20 million mortgage investment fraud

Toronto (August 12, 2019) – Derek Scheinman was arrested in relation to a $20 million mortgage investment fraud, according to the York Regional Police. He is charged with defrauding the public, fraud over $5,000, possession of the proceeds of crime, laundering...

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Online  Fraud

Latest wire fraud scam targets Human Resource departments

Saskatoon (August 14, 2019) – The Saskatoon Police are warning the public of a new wire fraud scam that targets the direct deposit information of employees. The scam involves the fraudsters reaching out directly to the Human Resources department of the target employee...

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Latest wire fraud scam targets Human Resource departments

Saskatoon (August 14, 2019) – The Saskatoon Police are warning the public of a new wire fraud scam that targets the direct deposit information of employees. The scam involves the fraudsters reaching out directly to the Human Resources department of the target employee...

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Mortgage Fraud

Edmonton man charged in $5.5 million Ponzi scheme

July 24, 2018 (Courtesy of CBC.ca) - Edmonton police say they have uncovered a multi-million dollar Ponzi scheme involving hundreds of fraudulent mortgage loans. Police allege Timothy Carruthers facilitated 257 fraudulent bridge mortgage loans worth a total of $5.5...

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Mortgage and vehicle sale fraud brings remorseful fraudster five-year prison term

Calgary (July 25, 2019) – Giovanni Bartolotti has been sentenced to five years imprisonment and to pay restitution of $161,665 for mortgage and vehicle sale fraud. Crown prosecutor Steven Johnston and defense counsel Peter Hoare offered a joint submission to the Court...

Alleged ‘shadow’ mortgage broker implicated in dozens of shady deals

Jan. 9, 2018 (courtesy of CBC.ca)- B.C. financial authorities have identified a woman accused of acting as a 'shadow' mortgage broker by feeding altered tax documents to licensed professionals on behalf of dozens of people who wouldn't otherwise qualify for loans. The...

Edmonton man charged in $5.5 million Ponzi scheme

July 24, 2018 (Courtesy of CBC.ca) - Edmonton police say they have uncovered a multi-million dollar Ponzi scheme involving hundreds of fraudulent mortgage loans. Police allege Timothy Carruthers facilitated 257 fraudulent bridge mortgage loans worth a total of $5.5...

Allegations of inflated property values at centre of RCMP syndicated mortgage fraud investigation

July 19, 2018 (Courtesy of CBC.ca) -Inflated property values and the promotion of non-qualifying investments as being RRSP-eligible are some of the key allegations made by the RCMP in a search warrant application it filed to authorize an April raid on six Toronto-area...

Alberta RCMP lay charges in multimillion-dollar fraud case

May 29, 2018 (Courtesy of the Canadian Press) - RCMP have arrested and charged two people in a multi-million dollar fraud case involving hundreds of investors in Alberta. Investigators say two people in Calgary that operated a company called Base Finance Ltd. raised...

Consumer Fraud

Edmonton man charged in $5.5 million Ponzi scheme

July 24, 2018 (Courtesy of CBC.ca) - Edmonton police say they have uncovered a multi-million dollar Ponzi scheme involving hundreds of fraudulent mortgage loans. Police allege Timothy Carruthers facilitated 257 fraudulent bridge mortgage loans worth a total of $5.5...

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Caution: Your smart device may not be so smart when it comes to scam

(August 20, 2019) – The Better Business Bureau (BBB) advises against using the auto dial function of smart home devices when looking for a customer service number. The electronic assistants might leave their users with a phony customer service and non-recoverable...

Man charged with fraud as a result of investigation into bogus internet tower installations

Township of Alnwick-Haldimand (August 12, 2019) – Brian O’Donaghue has been charged with fraud after allegedly offering to install internet towers in the Township of Alnwick-Haldimand. The 29-year old is facing charges of fraud over $5,000, Global News reports. Two...

B.C. boat dealership under fraud investigation, victims encouraged to come forward

Surrey (August 09, 2019) – The Surrey boat dealership Breakwater Marine is under a fraud investigation. The RCMP’s Economic Crime Unit arrested one person and seized numerous boats while executing a search warrant, police said on Twitter. The authorities believe there...

Oblique Toronto contractor sentenced to almost four years in prison for defrauding customers

Toronto (July 30, 2019) – Adam Gardin was sentenced to almost four years in prison under Ontario’s Consumer Protection Act on July 26, 2019. He was also ordered to pay more than $850,000 in restitution according to the Ontario Provincial Offences court. Furthermore,...

Police warn of SIM-swapping scam after three incidents in Edmonton

Mar. 27 2019 (Courtesy of CBC.ca) - As Fraud Prevention Month draws to a close, Edmonton police are warning of a new scam that recently popped up in the city: SIM swapping. SIM cards, also known as subscriber identification modules, are used by cellphone carriers to...

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Romance & Relationship Fraud

Social media romance costs Perth County resident $20,000

Kitchener-Waterloo (August 21, 2019) – A Perth County resident has lost $20,000 to an online romance scammer during the last year. The victim reported the incident to the police on August 2 after realizing that the online love affair was a romance scam, according to...

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Edmonton woman seduced into $250,000 romance scam

Edmonton (July 31, 2019) – Evelyn Wichmann was the victim of romance fraud. A man which she met on an internet dating site seduced her into paying $250,000 and finally drove the 62-year-old receptionist into financial ruin, CBC reports. Edmonton police investigate the...

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