Calgary police are asking for tips from the public to try and find two men…
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....
More than Half of Canadian Companies Say They Have Been Victims Of Fraud In The Last Two Years
March 8, 2018 (courtesy of Globalnews.ca )More than half of Canadian companies have experienced fraud in the past two years — that’s up 18 per cent from 2016. The findings, presented in the “Economic Crime and Fraud Survey” by accounting firm PriceWaterhouseCoopers,...
Warrant issued for Nanaimo man in connection with fraud after taking woman for $1,600
A Nanaimo man suspected of cheating women out of their money is wanted on seven fraud charges, and police say there could be more victims. The offences are alleged to have taken place between February and August 2017. Nanaimo RCMP said several women in their mid-20s...
Laurentian Bank audit uncovers $89M worth of mortgages with misrepresentations
Laurentian Bank of Canada says it found “client misrepresentations” in $89 million worth of mortgages it sold to a third party earlier this year, and will as a result buy back the loans where it found documentation issues. The lender revealed the news in...