Edmonton police are warning people about a tax-payment scam after a woman was duped into…
SEC accused five Canadians of running pump-and-dump microcap scheme
Boston (June 19, 2020) – The U.S. Securities and Exchange Commission (SEC) filed a complaint against five Canadians and six offshore entities in the district court in Boston in connection with a pump-and-dump microcap scheme. Shane Schmidt, Nelson Gomes, Michael...
Three charged in multimillion-dollar international luxury vehicle fraud
Edmonton (June 16, 2020) – The Alberta RCMP charged three in connection with a multimillion-dollar international luxury vehicle fraud. The Mounties arrested Duy Hung Nguyen and two further suspects on June 9 on multiple fraud charges. Nguyen allegedly used multiple...
Lawyer sentenced in EY tax fraud scheme
New York (June 10, 2020) – U.S. District Judge Sidney H. Stein sentenced lawyer, David Smith, to three years in prison for tax evasion, on June 8. He worked with partners at Ernst & Young LLP (EY) on five ‘tax shelters’ that were sold or implemented by EY between...
Five B.C. residents allegedly involved in US$15 million pyramid Ponzi scheme
Vancouver (May 28, 2020) – The British Columbia Securities Commission (BCSC) accused five B.C. residents of helping to promote a U.S. based Ponzi and pyramid scheme in connection with fake gold mining operations. Monita Hung Mui Chan, Sabrina Ling Huei Wei, Justin...
Police disrupted international multi-level BEC scam
Edmonton (May 5, 2020) – The Edmonton police disrupted an international multi-level Business Email Compromise (BEC) scam targeting personal protective equipment (PPE) and industrial equipment companies. As a result of the fraud investigation, the police helped recover...