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...

Facebook agrees to $9.5 million settlement over misleading privacy claims

Gatineau (May 26, 2020) – Facebook agreed to pay a $9.5 million penalty over a federal probe into misleading privacy claims. A Competition Bureau investigation found that the social media giant made false or misleading claims about the privacy of Canadians’ personal...

COVID-19 scams exploiting government funding programs such as CERB

May 22, 2020 – Many Canadians are experiencing financial hardship as a consequence of the current pandemic. The Canadian government launched the Canada Emergency Response Benefit (CERB) to help out Canadians throughout the Coronavirus crisis with a multi-billion...

BCSC longest-ever sentence for Venezuelan hedge fund investment fraud

Victoria (May 15, 2020) – A B.C. Provincial Court convicted James Warring Minnie, a.k.a. Terry James Minnie, for a Venezuelan hedge fund investment fraud and imposed the longest sentence ever resulting from a British Columbia Securities Commission (BCSC) criminal...

B.C. tech firm settles scam allegations for US$6.75 million

Victoria (May 7, 2020) – The B.C. e-commerce company, RevenueWire, reached a deal with the U.S. Federal Trade Commission (FTC) in connection with tech scam allegations. The Victoria-based company and its CEO, Roberta Leach, agreed to pay US$6.75 million to settle...

Man wanted for rental fraud in Toronto

Toronto (May 6, 2020) – Toronto police are looking for the 37-year-old man, Sungjin Kim, for multiple counts of fraud in connection with a rental fraud investigation. He allegedly defrauded 20 people while collecting first and last month’s rent for a room in Toronto,...

1,500 unauthorized COVID-19 test kits seized from Richmond online seller

Richmond (May 1, 2020) – In a joint effort, BC RCMP and Health Canada seized 1,500 unauthorized COVID-19 test kits from a Richmon resident. The accused allegedly sold the kits online to unsuspecting British Columbians. The investigation resulted from a tip provided by...

Investor Alert: Crestview Exploration mailing

Crestview Exploration mailing exploits fear of Coronavirus recession April 30, 2020 – Investment fraudsters are taking advantage of people’s fears of a Coronavirus recession and are using them to manipulate their victims. Aggressive stock promotion is a technique of...

Investment scams in the COVID-19 era

April 28, 2020 – The COVID-19 pandemic created an environment in which fraud thrives. People are self-isolating at home, economic and market volatility around the world, widespread job losses, and other stressors. These factors leave people with uncertainty,...

Suspects wanted in GTA roofing frauds

Toronto (April 21, 2020) – The Toronto police are looking for a group of people who are suspected to be involved in roofing frauds in the Greater Toronto Area (GTA) between January and February 2020. The suspects are accused of obtaining money from GTA residents for...

Consumer Fraud