Financial adviser ‘manipulated’ brain injured senior into lending him $200K, police allege

Nov. 13, 2018 ( Courtesy of CBC.ca) - A Winnipeg financial adviser is under police investigation for allegedly manipulating his cognitively impaired 78-year-old client into lending him $200,000 under "false pretence," according to documents filed in court....

Former WestJet employee pleads guilty to defrauding airline of $138K in travel credits

Nov. 8, 2018 (Courtesy of CBC.ca) - A former WestJet employee has admitted to defrauding the company of more than $138,000 by issuing travel dollars to his friends and others who would pay him for the credits. Terance Gough pleaded guilty to fraud over $5,000 on...

OCS warns customers of data accessed in Canada Post breach

Nov. 7, 2018 ( Courtesy of citynews.ca) - The Ontario Cannabis Store (OCS) said the shipping information of some of its customers was accessed by an outside source through the Canada Post delivery tracking tool. In a letter sent to the customers on Wednesday, the OCS...

BCSC alleges $47 million investment fraud by insurance group’s top officers

Nov. 7, 2018 - The British Columbia Securities Commission (BCSC) has issued a notice of hearing alleging that three leaders of a once fast-growing insurance group committed fraud by getting hundreds of people to purchase unsecured loan agreements. The BCSC alleges...

$500Gs cargo redirection scheme, identity fraud leads to charges

Nov. 1, 2018 (courtesy of Torontosun.com) -  Toronto Police are looking for a cache of stolen goods believed to be hidden in public storage lockers in the GTA. In August, police started an investigation, dubbed Project Groundhog, into a cargo redirection scheme...

Investor Notices

Richard Glen Allison Issued Jail Time for Fraud on Company

Why Sales Agent Due Diligence is Necessary April 19, 2018 – At Canadian Fraud News, we report on decisions issued by Canadian Courts related to fraud, that are not reported in the main stream media, and that contain legal issues the Canadian public and fraud recovery...

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Investment Fraud

Financial adviser ‘manipulated’ brain injured senior into lending him $200K, police allege

Nov. 13, 2018 ( Courtesy of CBC.ca) - A Winnipeg financial adviser is under police investigation for allegedly manipulating his cognitively impaired 78-year-old client into lending him $200,000 under "false pretence," according to documents filed in court....

BCSC alleges $47 million investment fraud by insurance group’s top officers

Nov. 7, 2018 - The British Columbia Securities Commission (BCSC) has issued a notice of hearing alleging that three leaders of a once fast-growing insurance group committed fraud by getting hundreds of people to purchase unsecured loan agreements. The BCSC alleges...

RCMP victimized by $100,000 credit card cloning scam

Nov.1 2018 (courtesy of CBC.ca) The Royal Canadian Mounted Police has changed the way it handles credit cards for gasoline purchases after it fell victim to organized criminals and the fraud went undetected for months. By the time the RCMP realized one of its gas...

Regina woman, Alena Pastuch , accused of $5M fraud must represent herself at her trial

Sept. 18, 2018 ( Courtesy of CBC.ca ) - A Regina woman accused of defrauding investors in Saskatchewan, Alberta and British Columbia of millions will have to represent herself at trial. Alena Pastuch was charged with fraud, theft and laundering the proceeds of crime...

Lawyer who oversaw Caledonia class action charged with fraud: police

Sept 14, 2018 (Courtesy of Nationalpost.com ) - A lawyer who oversaw a successful class-action lawsuit connected to a major land claim dispute in Ontario has been accused of misappropriating more than a million dollars from the settlement. Hamilton police say John...

RCMP victimized by $100,000 credit card cloning scam

Nov.1 2018 (courtesy of CBC.ca) The Royal Canadian Mounted Police has changed the way it handles credit cards for gasoline purchases after it fell victim to organized criminals and the fraud went undetected for months. By the time the RCMP realized one of its gas...

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Online  Fraud

OCS warns customers of data accessed in Canada Post breach

Nov. 7, 2018 ( Courtesy of citynews.ca) - The Ontario Cannabis Store (OCS) said the shipping information of some of its customers was accessed by an outside source through the Canada Post delivery tracking tool. In a letter sent to the customers on Wednesday, the OCS...

read more

West Vancouver police warn of elaborate online video scam

July 31, 2018( Courtesy of The Canadian Press) -  West Vancouver police are warning the public about a new online scam using personal email addresses and passwords. Police say victims receive an email that includes the recipient's current or past email password. The...

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OCS warns customers of data accessed in Canada Post breach

Nov. 7, 2018 ( Courtesy of citynews.ca) - The Ontario Cannabis Store (OCS) said the shipping information of some of its customers was accessed by an outside source through the Canada Post delivery tracking tool. In a letter sent to the customers on Wednesday, the OCS...

read more

West Vancouver police warn of elaborate online video scam

July 31, 2018( Courtesy of The Canadian Press) -  West Vancouver police are warning the public about a new online scam using personal email addresses and passwords. Police say victims receive an email that includes the recipient's current or past email password. The...

read more

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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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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...

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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...

Mortgage firm that raised funds for Fortress halts operations: FMP advises clients it is surrendering brokerage licence after several developments that have had negative impact

April 27, 2018 ( Courtesy of Globeandmail.com) - A mortgage brokerage firm that raised millions from investors to finance projects for Fortress Real Developments Inc. has notified clients that it is going out of business. FMP Mortgage Investments Inc. sent a letter to...

Fortress used a third of investors’ money for commissions, fees, new documents show

April 24, 2018 (Courtesy of Globeandmail.com) - More than one-third of the money raised from investors to provide syndicated mortgage loans for Fortress Real Developments Inc.'s building projects was paid out as cash commissions to salespeople and as consulting fees...

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...

read more

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