Breaking News

CRA Alleges Iristel Involved in Sham Carousel Scheme

The Canada Revenue Agency (CRA) suspects a $63-million error in tax refunds, linking it to a “sham” carousel scheme allegedly involving Iris Technologies, the parent company of Iristel. Based in Markham, Ontario, Iris Technologies, under CEO Samer Bishay, reportedly...

Man alleged to be behind high-interest mortgage scam living large on social media

In his social media videos, Anas Ayyoub has painted a rags-to-riches story in which he says he went from having to "scavenge" for money to provide food for his family to a lifestyle that now allows him to drive a Lamborghini he says is worth $1.4 million. But offline,...

Suspect who allegedly stole $800 after debit card left in ATM arrested

Windsor police have arrested a man who allegedly fraudulently used a debit card at a local bank. Police say the suspect went to a bank in the 3900 block of Tecumseh Road East on Friday and took out $800 using a debit card that had been accidentally left in the ATM....

Former Canucks draft pick Prab Rai charged in alleged multimillion-dollar fraud

A former Vancouver Canucks prospect has been charged in connection with what police are calling a large-scale financial fraud. Surrey RCMP say its financial crimes unit launched an investigation into Prab Rai, 34, in 2021 after a victim came forward...

Binance pleads guilty, loses CZ, pays fines to end legal woes

Binance Holdings Ltd. and its Chief Executive Officer Changpeng Zhao pleaded guilty to anti-money laundering and US sanctions violations under a sweeping settlement with the US that allows the cryptocurrency exchange to continue operating. Binance will pay US$4.3bn in...

Two men arrested in string of alleged home reno scams that left properties damaged: Toronto police

Two men are facing more than a dozen charges each for a string of alleged home renovation scams in Toronto dating back to March of this year. Toronto police allege the crimes occurred between March and September and involved suspects going door-to-door offering...

Former San Francisco Venture Capitalist Convicted Of Multiple Fraud And Money Laundering Charges

Jury Concludes “Silicon Valley’s Party Animal” Michael Rothenberg Defrauded Investors of Millions of Dollars Michael Brent Rothenberg, a former San Francisco venture capitalist once described in Bloomberg as “Silicon Valley’s Party Animal,” was convicted of wire...

Crown decided prosecuting a fraud charge for $600K phishing scheme wasn’t in public interest

Crown lawyers withdrew a fraud charge against a Toronto man who had been found liable for fraud in civil court for misappropriating more than $600,000 in an email phishing scheme because they determined the prosecution wasn't in the public interest, CBC...

Toronto retirees say life savings lost after door-to-door reno pitch

Two weeks ago, Robin Rushton was doing yard work outside his Scarborough home when he was approached by a man who asked if he wanted his chimney capped. Rushton and his partner, Judy Poirier, who are both 73-year-old retired teachers, agreed to pay for the service,...

Former children’s hospital CEO will be re-tried for fraud

Nova Scotia's prosecution service says it will proceed with a new trial for a former children's hospital CEO, after Canada's top court refused on Thursday to hear the Crown's appeal of a ruling that quashed her fraud conviction. As is customary, the Supreme Court of...

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

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...

6 plaintiffs from Toronto’s Chinese community accuse broker of mortgage fraud

It's been more than three years, but Yan Ting "Tina" Li says she still remembers meeting Po Yuk "Peggy" Chan at a Thanksgiving party. The 45-year-old mother of four says Chan struck her as compassionate and pious, and took an instant liking to her. "I thought she was...
Multi-layered door-to-door sales scam could cost you your 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...

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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...

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Romance & Relationship Fraud