Justice Robert Manager said it was "selfish greed" of Jacques Scribnock, a former financial advisor,…
RCMP warn against CRA Bitcoin Scam
Coquitlam (September 20, 2019) – RCMP warn against the Canada Revenue Agency (CRA) Bitcoin Scam. The Coquitlam Mounties state that the complaints about phone calls of fraudsters posing as CRA employees demanding immediate payment in bitcoin has increased fourfold....
Multi-million Ponzi scammer convicted to nine years in jail
Toronto (September 18, 2019) – The Ponzi scammer Steven Joshua Nowack who posed as a highly successful foreign exchange trader has been convicted to nine years in jail on Tuesday. A jury found him guilty on 12 counts of fraud over $5,000. He defrauded his victims out...
Alberta man arrested and charged with fraud after purchasing luxury car
St. Catherines (September 17, 2019) – Hector Caron from Alberta was arrested and charged with fraud on September 14. Investigations of the Central Fraud Unit of the Niagara Regional Police Service revealed he was allegedly using fake identity documents while...
‘Victims of Syndicated Mortgage Investments’ fight back against regulator and the Law Society of Ontario
Toronto (September 16, 2019) – The collective ‘Victims of Syndicated Mortgage Investments’ (VOSMI) demand further investigations in the conduct of their lost syndicated mortgage investments. After, they were poorly informed about the potential risks that come with...
Former financial planner defrauded his clients out of more than $600,000
Kitchener (September 17, 2019) – Former financial planner and broker, Ronald Schwartz who was contracted to sell Sun Life Financial products defrauded eleven of his clients out of more than $600,000 between 2011 and 2014. On Monday, the Kitchener man pleaded guilty...