Fraud charges laid against Grimsby store owner

Grimsby (July 30, 2020) – Niagara Regional Police arrested Grimsby store owner for fraud. Following a complaint, police launched an investigation into the local convenience store, Milk N Things. On July 29, officers executed a warrant and seized products bearing...

Ontario men charged for illegal stock sales by U.S. regulator

Miami (July 16, 2020) – The U.S. Securities and Exchange Commission (SEC) accused three men of defrauding investors out of more than US$1.9 million in illegal stock sales in connection with Arizona-based wind turbine company, Thunderbird Power Corp. The U.S....

Casting a light on elder financial abuse on World Elder Abuse Awareness Day

June 15, 2020 – Elder abuse is a serious and growing problem. June 15 is the ‘World Elder Abuse Awareness Day’, which provides an opportunity for communities to promote a better understanding of the abuse and threats that older persons are facing by raising awareness...

OSC found Quadriga’s mysterious collapse was due to fraud

Toronto (June 12, 2020) – The Ontario Securities Commission (OSC) found out that the cryptocurrency exchange QuadrigaCX collapsed in 2019 due to a fraud committed by its late founder Gerald Cotten, according to an investigative report published on June 11. When the...

Surrey accountant banned for his role in real estate marketing scheme

Vancouver (June 8, 2020) – Mutual Fund Dealers Association of Canada (MFDA) banned Surrey accountant, Vasant Pragjibhai Patel, for his part in a high-profile real estate marketing scheme, for which he allegedly obtained $425,000 in commission. A hearing panel of the...

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...

Consumer Fraud

Casting a light on elder financial abuse on World Elder Abuse Awareness Day

Casting a light on elder financial abuse on World Elder Abuse Awareness Day

June 15, 2020 – Elder abuse is a serious and growing problem. June 15 is the ‘World Elder Abuse Awareness Day’, which provides an opportunity for communities to promote a better understanding of the abuse and threats that older persons are facing by raising awareness...

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