Breaking News

OPP warns of paving scam and construction fraud

With spring in full swing, provincial police warn residents about a paving scams and construction frauds. "Residents inspecting their property for winter damage are reminded to be cognizant of repair deals," the OPP stated in a Wednesday release. Police say...

Bankman-Fried appeals FTX fraud conviction, 25-year sentence

Sam Bankman-Fried, facing the prospect of spending much of his adult life behind bars, on Thursday appealed his conviction and 25-year prison sentence for stealing US$8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded. Defence lawyer...

Anti-money laundering watchdog gives failing grades to banks, real estate companies

An internal report from Canada’s financial crimes watchdog found that most banking and real estate companies it audited last year are not following the country’s anti-money laundering laws, sparking calls for greater oversight and higher fines. The...

140 BMO customers say they lost $1.5M in transfer frauds, plan to sue bank

Elizabeth Bernas and her husband had planned to use the proceeds from their home sale to renovate their new house in Ajax, Ont., to pay for their children's university tuition and to go on a family vacation. But before they could, they say someone accessed their...

Lemann Says He’s Trying to Save Americanas After $5 Billion Fraud

Jorge Paulo Lemann, the billionaire Brazilian dealmaker, said that together with his long-time partners, he’s trying to save retailer Americanas SA after a massive $5 billion fraud pushed it into bankruptcy protection.  The trio of investors, that includes Marcel...

A convicted Southern California con artist pleads guilty in an $18 million cannabis scam

A convicted California con artist has pleaded guilty in another scam, admitting that he swindled investors out of more than $18 million by concocting phony cannabis businesses shortly after being released from prison in a prior criminal case, federal prosecutors said....

Crypto Scam Criminal Trial Tests ‘Code Is Law’ Claim by Trader

A jailed trader accused of stealing $110 million on the Mango Markets exchange faces a criminal trial this week that will test the reach of a US crackdown on cryptocurrencies. Prosecutors charged Avraham Eisenberg with manipulating Mango Markets futures contracts on...

Windsor judge orders Leamington fraudster to pay $100K restitution

It took a very long time for the long arm of the law to reach out and serve up justice in a Leamington business fraud case. More than 20 years after being charged with defrauding a Leamington auto parts retailer, David Southam was recently sentenced to a 12-month...

European police seize Lamborghinis and Rolexes over alleged US$650M COVID-19 fraud

Police have arrested 22 people and seized assets worth more than €600 million (US$650 million) in connection with alleged fraud linked to the European Union’s post-pandemic recovery fund. After an investigation by the EU prosecutor, eight people were detained, 14 were...

Trump posts US$175M bond in NY civil fraud case, averting costly asset seizure

Donald Trump posted a $175 million bond on Monday in his New York civil fraud case, halting collection of the more than $454 million he owes and preventing the state from seizing his assets to satisfy the debt while he appeals, according to a court filing. A New York...

Breaking News

Information Wanted

Peel police looking for 20-year-old accused of fraud

Peel police looking for 20-year-old accused of fraud

Peel police are looking for a 20-year-old man wanted on a charge of defrauding the public. From June to August, multiple victims across the Greater Toronto Area, including Peel, have reportedly lost thousands of dollars to a contractor who promised driveway repairs,...

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Crypto Currency Fraud

Breaking Court Decisions

Investment Fraud

If fraudsters don’t pay court ordered restitution in Ontario it’s up to victims to try to collect

Unclear how much of nearly half a billion in restitution ordered for Ontario fraud victims is actually paid. arin Smith and her then husband were just trying to pay off their mortgage a little faster. But after the investment opportunity they agreed to in...

‘Be aware of warning signs’: Tecumseh resident loses $70,000 in online investment scheme

Essex County OPP are warning the public to be vigilant after a Tecumseh resident was defrauded of over $70,000 by investing in Crypto currency with an online Crypto currency brokerage. At this time, police say the victim is not able to retrieve their money from the...

Luxury cars seized from 23-year-old ‘Crypto King’ as investors try to recoup millions

Aiden Pleterski and his company allegedly owe $35M to more than 140 investors. Two McLarens, two BMWs and a Lamborghini make up just a few of the $2 million worth of assets seized from a 23-year-old from Whitby, Ont., as his investors try to recoup millions of dollars...

Information Wanted on Aiden Pleterski of Ajax, Ontario – Ponzi Scheme Foreign Exchange Investment Scheme

The Toronto based law firm Investigation Counsel PC, Fraud Recovery Lawyers, is asking anyone who transferred funds to Aiden Pleterski of Whitby, Ontario, to contact them confidentially. Inquiries can be made to D. Slenys at dslenys@investigationcounsel.com. On June...

LSO tribunal considers Indigenous background in sentencing lawyer for misappropriation of funds

First misappropriation case where unique circumstances led to lesser penalty than license revocation. The Law Society of Ontario has obtained an eight-month suspension order against an Indigenous lawyer who admitted to misappropriating over $100,000 from her firm’s...

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Mortgage Fraud

Real-estate title fraud was one of 2023’s most-read stories

In the spirit of looking back on 2023, CBC Toronto is revisiting some stories that captured our audience's attention the most. One of those, undoubtedly, was an inside look at real-estate title fraud — a bizarre practice where scammers steal a person's identity...

The anatomy of a stolen home — and how 3 suspects got caught

CBC News has learned exclusive details behind an alleged title fraud in January that led to 3 arrests. It began as a typical phone call for Niroosan (Niro) Vivekanantharajah — someone who found him on Google, asking for his help in closing a home...

Multi-layered door-to-door sales scam could cost you your home

"A person visits you and says you have won a class-action lawsuit regarding the installation of your equipment and the money can only be used toward renovations to your home" Ontario's Serious Fraud Office (SFO) is shining a light on a multi-layered door-to-door sales...

Ontario regulator warns real estate agents to watch for signs of fraudulent home sales

The body that regulates Ontario's 100,000 real estate agents and brokers is urging them to be more vigilant when verifying the identity of a client, amid a wave of fraudulent home sales and mortgages in the Toronto area. The Real Estate Council of...

Title fraud on the rise, property owners need to protect themselves

It’s difficult to imagine someone could sell a home without the owner knowing – or that a purchase could be made under fraudulent terms without the buyer realizing – but situations like this are happening right now in Canada. The number of people whose homes are being...
Real-estate title fraud was one of 2023’s most-read stories

Real-estate title fraud was one of 2023’s most-read stories

In the spirit of looking back on 2023, CBC Toronto is revisiting some stories that captured our audience's attention the most. One of those, undoubtedly, was an inside look at real-estate title fraud — a bizarre practice where scammers steal a person's identity...

read more

Consumer Fraud

Waterloo police issue warning about new used car scam hitting area residents

Waterloo Regional Police have issued a warning about a new used car scam that has recently strike to dupe area residents. Police say the scammers are advertising vehicles as being for sale online. They say a meeting is then arranged between the buyer and seller where...

Rogers scam alert: Texts offering credit after outage are fake

Following a Canada-wide outage of Rogers and a subsequent notice that customers would receive a credit in recompense, scammers took to SMS to try and make a profit out of the misery. On Saturday, July 9, Rogers acknowledged that it knew about the problem. “We are...

Owner of mechanic shop in Lethbridge faces 62 charges after fraud investigation

Police in southern Alberta say an owner of a mechanic shop faces 62 charges after an investigation into alleged fraud. Investigators say they have identified more than two dozen victims and believe there could be more. Police say an investigation started last year...

Toronto police bust brazen moving scam, recover property belonging to 22 families

The Toronto Police Service has announced three suspects are facing several charges in connection with an alleged moving scam that saw items belonging to 22 families being recovered in an east-end warehouse. Const. Chris Long, an officer at 41 Division who has been...

Hamilton man says scammer used his home to promote ad for fake rental unit

In the middle of winter last year, Gary Brown said he and his family encountered a teary-eyed woman at the front door of their Hamilton Mountain home. The woman told Brown she had responded to an online ad that said his basement was available to...
Real-estate title fraud was one of 2023’s most-read stories

Real-estate title fraud was one of 2023’s most-read stories

In the spirit of looking back on 2023, CBC Toronto is revisiting some stories that captured our audience's attention the most. One of those, undoubtedly, was an inside look at real-estate title fraud — a bizarre practice where scammers steal a person's identity...

read more

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