The Canadian Foundation for the Advancement of Investor Rights (FAIR Canada) is pleased that regulators…
Luxury SUV fraudulently purchased with $156K loan and a stolen identity
Dec. 26, 2018 (Courtesy of CBC.ca) – A Calgary woman got the surprise of her life this holiday season, after fraud artists allegedly used her name and credit history to buy themselves a luxury Land Rover in Kelowna, B.C. Alana Higgins only found out about...
Human-trafficking victim became ‘pawn’ in $117K bank fraud scheme, court hears
Dec. 21, 2018 (Courtesy of lfpress.com) – A human-trafficking victim was sentenced to one year in jail for her part in a province wide scheme that successfully defrauded a bank chain of more than $100,000. The Court heard over a three-week stretch that Abby-Lynn...
Coast Capital Savings Warns of Text and Email Scams Making the Rounds
December 6, 2018 – Coast Capital Savings is warning its credit union members of phishing scams, circulating via text message and email. Messages claim to be from the credit union, but of course are fake, in an effort to extra personal banking data and...
BMO and CIBC’s Simplii warn fraudsters may have accessed clients’ data
May 29, 2018 (Courtesy of CTVnews.ca) – Two of Canada’s biggest banks warned Monday that “fraudsters” may have accessed certain personal and financial information of up to 90,000 customers. The Bank of Montreal said hackers contacted the bank...
Massachusetts hedge fund manager with ties to Toronto based asset management firm gets six years in prison for fraud
May 7,2018 (Courtesy of Reuters) – A Massachusetts hedge fund manager was sentenced on Thursday to six years in prison for defrauding investors in a scheme that prosecutors said cost his clients over $10.5 million and allowed him to fund a lavish lifestyle....