A Ridgeway, Ont. woman charged with fraud earlier this year is in more trouble with…
Pandemic-related scams dupe more than 8,500 Canadians
The 2020 National Cyber Threat Assessment reported an increase in fraud and extortion among Canadians. Its publication comes at a time when Canadians and much of the Canadian economy have been shifting online—a shift made more rapid by the onset of COVID-19, as is...
Three Canadians charged with securities fraud for U.S. pump-and-dump scheme
San Diego, USA (September 25, 2020) – The U.S. Attorney’s Office of the Southern District of California laid charges against four men – three of them Canadians – over their roles in an alleged pump-and-dump scheme and a stock market manipulation ring. Ongkaruck...
OSC seeks ban for Canadian multi-million dollar securities fraudster convicted in the U.S.
Toronto (August 6, 2020) – The Ontario Securities Commission (OSC) is seeking to ban convicted securities fraudster, Dino Paolucci, who is currently serving his seven-year sentence in the U.S. for a multi-million dollar securities fraud. The former penny stock...
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...
Charges laid against alleged fraudster trading promissory notes
Calgary (February 18, 2020) – The Alberta Securities Commission (ASC) and the Alberta RCMP laid charges against Nicholas John Felgate for securities fraud and money laundering in connection with trading promissory notes. The criminal charges entail eight counts of...