Corporate Fraud
Ontario Energy Board warns of email rebate scams
If you get an email that looks like it’s from the Ontario Energy Board (OEB) about rebate programs, be extra careful. The board is warning of email scams making the rounds and the emails often look like they’re from them, but they’re not. They typically inlcude a link...
Multiple incidents of taxi fraud scams reported in Toronto
Toronto police warn the public of ongoing taxi fraud scams in the city and advising that all riders be extra vigilant when riding in a cab. According to a public safety alert from police, multiple taxi fraud scams have been reported in Toronto recently, and the incidents closely resemble the scams that saw six people arrested for stealing millions from unsuspecting customers around the GTA in January of 2019.
Utility providers warn against recent scams
Toronto (December 7, 2020) – The busy holiday season is prime time for scammers looking to take advantage of unsuspecting victims – especially leading into weekends. In response to increased fraudulent activity across the province, Ontario’s four largest electricity...
London police arrested wanted woman for allegedly stealing from seniors in PSW fraud
London (December 2, 2020) – The London police arrested a wanted woman, Amanda Lee Rose Albert, posing as a Personal Support Worker (PSW) two weeks after issuing an arrest warrant against her for multiple fraud and theft charges. Albert is accused of stealing from...
How to protect yourself against fraud while shopping or selling online this holiday season
November 26, 2020 – ‘Keep the Grinch out of the holidays,’ warns the Canadian Anti-Fraud Centre (CAFC) in their recent bulletin on holiday scams. Fraudsters are taking advantage of people’s increased online activity during the pandemic and especially during events as...
ASC: Convicted Ponzi scammer permanently banned from capital market
Calgary (November 25, 2020) – The Alberta Securities Commission (ASC) permanently prohibited Edmonton man, Timothy Ray Carruthers, from participating in Alberta’s capital market on November 17, after he was convicted for a Ponzi scheme at the Court of Queen’s Bench of...
Burlington man charged with alleged $1.3 million Ponzi scheme
Burlington (November 20, 2020) – The Halton police laid charges against Francesco Perre from Burlington in connection with an alleged $1.3 million Ponzi scheme. He is accused of soliciting investments from his victims for a stock market investment program. However,...
Winnipeg funeral director charged with fraud in connection with prepaid funeral plans
Winnipeg (November 9, 2020) – The Winnipeg police charged former local funeral director, Chad Robert Wheeler, for defrauding families out of their prepaid funeral costs. He has been charged with Fraud Over $5,000. 76 prepaid funeral plans were sold at Wheeler Funeral...
London financial advisor accused of $1.5M investment fraud
London (October 30, 2020) – The London police laid fraud charges against the financial advisor, Chanrith Yin, in relation to investment fraud. He is accused of bilking six of his clients out of $1.5 million during a six-year period. The police allege that he convinced...
Calgary man, wanted for multimillion-dollar funding scam, turned himself in after returning from Czech Republic
Lethbridge (September 28, 2020) – The Calgary man, Josef Korec, who was wanted for his role in a multimillion-dollar funding scam, turned himself in to Lethbridge police on September 23 after returning from the Czech Republic. Two months ago, the Lethbridge...
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...
Three Ottawa snow removal companies face fraud charges
Ottawa (September 21, 2020) – The Ottawa police laid fraud charges against three Ottawa snow removal companies. Investigators accused Snow Vaporizers, Faul Properties, and Altitude Snow Removal of accepting money from customers for snow removal services last winter,...
Barrie man charged with $56 million Ponzi scheme involving debit card terminals
Barrie (September 16, 2020) – The OPP charged the Barrie man, Charles Debono, with fraud, bribery, money laundering, and forgery for an alleged $56 million Ponzi scheme, which supposedly defrauded hundreds of victims over six years. The ‘landmark international fraud...
Toronto counterfeit operation dismantled
Toronto (September 3, 2020) – The Toronto police dismantled a counterfeiting operation and arrested a Toronto man during a search warrant on September 1. Onis Belleus is now facing forgery and fraud charges. He is accused of using the forged documentation to support...
ASC: Two Alberta residents engaged in Bluforest pump and dump scheme
Calgary (August 31, 2020) – The Alberta Securities Commission (ASC) announced that they found that Cem (Jim) Can and Charles Michael Miller engaged in a fraudulent pump and dump scheme using the carbon-offsets marketing company Bluforest Inc. while breaching Alberta...
Former NB deputy attorney general arrested in GTA for fraud
Fredericton (August 28, 2020) – Peel police arrested disbarred lawyer and former New Brunswick deputy attorney general, Yassin Choukri, for fraud on August 26. He was wanted on a Canada-wide warrant by the Fredericton police on eight charges of fraud. Choukri is...
Appeal Court reduced Waterloo fraudster’s sentence
Toronto (August 27, 2020) – The Ontario Court of Appeal reduced the sentence of the convicted fraudster, Daniel Reeve, to ‘time served’. In 2018, the former chief of DPR Financial Inc. was convicted of fraud over $5,000 to 14 years in prison – the maximum sentence for...
Winnipeg man sentenced for immigration fraud
Winnipeg (August 24, 2020) – Winnipeg Provincial Court handed down the sentence on August 21 for Vladimir Bibilov in an immigration fraud case. The court found that the Winnipeg man acted as an unauthorized immigration consultant and fraudulently collected fees from...
Toronto couple charged in cosmetics Ponzi scheme targeting Filipino community
Toronto (August 18, 2020) – Toronto police arrested a man and a woman for an alleged cosmetics Ponzi scheme on August 12. Glenda Esteves (45) and Teddy Lee Esteves (44) from Toronto are accused of defrauding people from Toronto’s Filipino community out of more than...
Former financial planner charged for multi-million-dollar Ponzi scheme
Calgary (August 17, 2020) – Alberta RCMP announced that they laid charges against former financial planner with Espoir Capital, Vernon Fauth, for conducting a multi-million-dollar Ponzi scheme between January 2012 and July 2015. The Alberta Securities Commission (ASC)...
Brampton man arrested in taxi debit card fraud investigation
Toronto (August 10, 2020) – The Toronto police arrested Harjoban Nahal, a taxi-driver from Brampton, as the result of a five-year taxi debit card fraud investigation. The police accused Nahal of switching his costumers’ debit cards after they paid the taxi fare and...