Friends of former High River, Alta. resident James Macleod took the stand last week to…
Toronto businessman accused of $12M pandemic Ponzi scheme found and charged with fraud
A Toronto businessman accused of orchestrating a $12-million pandemic-related Ponzi scheme was arrested and charged with fraud by Toronto police on Monday, just hours after investigators discovered his location, CBC News has learned. Mark E. Cohen’s...
Bernie Madoff’s sister and her husband found dead in apparent murder-suicide
The sister of Bernie Madoff, the infamous Ponzi schemer who died in prison last year, and her husband were found dead in their Florida home Thursday. Police say the cause of their death seems to be an apparent murder-suicide. On Sunday, The Palm Beach County Sheriff’s...
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...
‘Incorrigible’ fraudsman sentenced to 12 years in prison for Ponzi scheme
Toronto (April 16, 2020) – In this week’s court case we look at the sentencing of serial fraudster David Holden by Ontario Superior Court Justice Michael Dambrot on February 7 of this year. Justice Dambrot sentenced Holden to 12 years in prison and ordered him...
Two men arrested in Toronto for alleged Ponzi scheme that took in nearly $1 million
Toronto (July 19, 2019) – Toronto Police service arrested John James Illidge, 66, on July 12, and Vincent Philips, 74, on July 16 jointly for 18 charges containing fraud, theft, and launder proceeds of crime. In January 2018, the Ponzi scheme fraud investigation...