Breaking News

CRA audits of ultra-wealthy Canadians yield zero prosecutions or convictions

Data from the Canada Revenue Agency shows its recent efforts to combat tax evasion by the super-rich have resulted in zero prosecutions or convictions.

Smithers RCMP respond to fraud and break and enters during the past month

Smithers RCMP responded to a total of 370 new files from the May 20 to June 16 period. The files during this period included break and enter and fraud.

Saskatchewan woman loses appeal in U.S. extradition fight

A Northern Saskatchewan woman lost her court appeal to avoid extradition to the United States to face wire fraud and money laundering charges.

RCMP charge business owner with Employment Insurance fraud

Markham woman charged with defrauding the Canadian government of over $1 million in Employment Insurance (EI) benefits.

Canada has seen jump in insider trading, misconduct since pandemic start

Securities misconduct in Canada has risen sharply as perpetrators attempted to capitalize on pandemic-driven uncertainties, while social media frenzy surrounding certain stocks and cryptocurrencies also opened the door to more wrongdoing, regulators said on Tuesday.

CannTrust’s former CEO and two directors charged with fraud over unlicensed pot growing scandal

Fraud charges have been laid against CannTrust Holdings Inc.’s former chief executive Peter Aceto and two former directors, all of whom face possible jail time of up to five years if found guilty in a sweeping quasi-criminal case led by the Ontario Securities Commission.

Taken advantage of: Online scam left Cornwall, P.E.I. student screaming on the inside

She applied for a job advertised on Facebook. The Cornwall woman, who’s returning to school this fall, was searching for part-time work opportunities to help pay for tuition.

Securities regulators’ study reveals many Canadians unaware of the signs of financial elder abuse

The Canadian Securities Administrators (CSA) published results of a new survey that found nearly 29 per cent of Canadians know a victim of financial elder abuse, while 42 per cent said they could not recognize the signs of financial abuse and only 47 per cent knew where to report cases of abuse.

B.C. woman says Mounties need better training on investigating condom-free ‘stealthing’ assaults

The justices unanimously upheld his conviction— but they couldn’t agree on why. The majority judgment held that the accused’s condom sabotage constituted fraud and the woman’s consent was nullified by that deception.

EDITORIAL: Watch out for scam attempts

Scam calls and bogus emails, whether from people impersonating a Canada Revenue Agency staffer, other federal government employees or other sources, continue to happen far too often.

Information Wanted

Breaking Court Decisions

Investment Fraud

Even after Madoff’s death, work to unwind epic fraud goes on

More than 12 years after Madoff confessed to running one of the biggest financial fraud in Wall Street history, a team of lawyers is still at work on a sprawling effort to recover money for the thousands of victims of his scam.

Investment scams imitating well-known financial brands, CSA warns

The Canadian Securities Administrators (CSA) is warning the public about scammers claiming to represent large, well-known financial companies.

JSOT criminally charges William Jordan McBean with fraud and theft

The Alberta Securities Commission and the Alberta RCMP Federal Policing Integrated Market Enforcement Team announced today that William Jordan McBean of Calgary, Alberta has been charged with four offences under the Criminal Code, following an investigation by the Joint Serious Offences Team.

Quebec investors warned against RBC copycat fraud

The Autorité des marchés financiers is issuing a warning about fraudulent representations from a fake website made to look like it’s associated with a Big Six bank.

B.C.’s investment regulator proposes new rules to thwart fraudulent stock promotions

The new disclosure requirements would require anyone promoting a stock to disclose if they have a financial or other interest.

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Mortgage Fraud

Two men arrested in unconnected mortgage fraud cases

Two men arrested in unconnected mortgage fraud cases

Guelph (July 24, 2020) – The police arrested two men in two unconnected mortgage fraud cases. On July 20, Guelph police laid 31 charges against the former mortgage broker, Charn Ghuman, following an eight-years fraud investigation. The Guelph man allegedly collected...

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Mortgage fraud could rise with tighter lending rules, warns broker

Cases of mortgage fraud are likely to rise as new rules tighten borrowing requirements in Canada, says a mortgage broker.

Multiple companies and their owners charged with conspiracy to commit fraud and rig bids for condo refurbishment contracts in the GTA

The Competition Bureau announced that it has laid multiple criminal charges against four companies and three individuals in connection with an alleged conspiracy to commit fraud and rig bids for condominium refurbishment services in the Greater Toronto Area.

Two men arrested in unconnected mortgage fraud cases

Guelph (July 24, 2020) – The police arrested two men in two unconnected mortgage fraud cases. On July 20, Guelph police laid 31 charges against the former mortgage broker, Charn Ghuman, following an eight-years fraud investigation. The Guelph man allegedly collected...

Casting a light on elder financial abuse on World Elder Abuse Awareness Day

June 15, 2020 – Elder abuse is a serious and growing problem. June 15 is the ‘World Elder Abuse Awareness Day’, which provides an opportunity for communities to promote a better understanding of the abuse and threats that older persons are facing by raising awareness...

Mortgage broker charged in connection with financial elder abuse

Winnipeg (January 24, 2020) – The Manitoba Securities Commission (MSC) laid numerous charges against Manitoba mortgage broker, Bret Allan Dobbin, in connection with financial elder abuse. He is facing 18 counts in violation of The Securities Act and 36 counts in...

Consumer Fraud

Two men arrested in unconnected mortgage fraud cases

Two men arrested in unconnected mortgage fraud cases

Guelph (July 24, 2020) – The police arrested two men in two unconnected mortgage fraud cases. On July 20, Guelph police laid 31 charges against the former mortgage broker, Charn Ghuman, following an eight-years fraud investigation. The Guelph man allegedly collected...

read more

Multiple incidents of taxi fraud scams reported in Toronto

Toronto police warn the public of ongoing taxi fraud scams in the city and advising that all riders be extra vigilant when riding in a cab. According to a public safety alert from police, multiple taxi fraud scams have been reported in Toronto recently, and the incidents closely resemble the scams that saw six people arrested for stealing millions from unsuspecting customers around the GTA in January of 2019.

Utility providers warn against recent scams

Toronto (December 7, 2020) – The busy holiday season is prime time for scammers looking to take advantage of unsuspecting victims – especially leading into weekends. In response to increased fraudulent activity across the province, Ontario’s four largest electricity...

London police arrested wanted woman for allegedly stealing from seniors in PSW fraud

London (December 2, 2020) – The London police arrested a wanted woman, Amanda Lee Rose Albert, posing as a Personal Support Worker (PSW) two weeks after issuing an arrest warrant against her for multiple fraud and theft charges. Albert is accused of stealing from...

How to protect yourself against fraud while shopping or selling online this holiday season

November 26, 2020 – ‘Keep the Grinch out of the holidays,’ warns the Canadian Anti-Fraud Centre (CAFC) in their recent bulletin on holiday scams. Fraudsters are taking advantage of people’s increased online activity during the pandemic and especially during events as...

ASC: Convicted Ponzi scammer permanently banned from capital market

Calgary (November 25, 2020) – The Alberta Securities Commission (ASC) permanently prohibited Edmonton man, Timothy Ray Carruthers, from participating in Alberta’s capital market on November 17, after he was convicted for a Ponzi scheme at the Court of Queen’s Bench of...

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Romance & Relationship Fraud