Toronto man charged with breaching OSC order

Toronto (January 16, 2020) – The Ontario Securities Commission (OSC) charged James Stuart Adams of Toronto with breaching a director and officer ban, which was imposed in a settlement agreement in March 2015. As part of the agreement, Adams admitted perpetrating...

Former executive Sami Bebawi sentenced to 8.5 years in prison in SNC-Lavalin Libya corruption case

Montreal (January 13, 2020) – Former SNC-Lavalin senior executive Sami Bebawi was sentenced to eight years and six months in prison in a Montreal courthouse on January 10. The SNC-Lavalin Libya corruption case brought the engineering giant and former executives before...

Business fraudster rearrested after refusing to pay restitution

Newmarket (December 24, 2019) – The convicted business fraudster, Richard Glen Allison, was arrested and charged with Breach of Probation on December 20, after failing to pay restitution. On March 29, 2018, the Court ordered Allison to make restitution payments in the...

Vale Canada sues six men for fraud in $1M civil lawsuit

Sudbury (December 17, 2019) – The mining company Vale Canada Limited has filed a civil lawsuit against six men, including three former employees, for fraud, according to a CBC report. Lee MacIsaac, a former superintendent at Clarabelle Mill, maintenance supervisor...

Former SNC-Lavalin executive Sami Bebawi found guilty by jury in international fraud and corruption case

Montreal (December 16, 2019) – A jury convicted former senior SNC-Lavalin executive Sami Bebawi on all five counts including fraud, corruption of foreign officials, and laundering proceeds of crime, on December 15. In the Libya corruption case, Bebawi was presented as...

Four men charged in connection with solar farm construction fraud

Milton (December 11, 2019) – The OPP charged four men in connection with an alleged solar farm construction fraud by Clarida Construction & Maintenance. At that time, the company was family-run by three brothers Keith Clarida (53), Bruce Clarida (68), and Bradley...

City of Saskatoon awaits Ontario court decision on recovery of fraudulently stolen funds

Saskatoon (November 8, 2019) – The City of Saskatoon awaits a decision from the Ontario Superior Court after the hearing on November 5 regarding the recovery of their fraudulently stolen money, which is currently frozen in bank accounts. The city has been able to...

Judge accepts agreed statement of facts in ‘Exit Realty on the Rock’ fraud case

St. John’s (October 1, 2019) – Judge Robert Stack accepted the agreed statement of facts in the ‘Exit Realty on the Rock’ fraud case accusing former owner Anne Squires of theft, fraud, forgery, and breach of trust. The fraud was revealed in early 2016. In April 2019,...

BBB report: More than US$33,6 million reported losses to BEC scams since 2016

September 27, 2019 – Since 2016, businesses and organizations in Canada reported a total of US$33.6 million in losses as a result of Business Email Compromise (BEC) scams according to a new report of the Better Business Bureau (BBB). The BBB urges businesses and...

Regulator accuses Canada Cannabis Corporation of fraud

Toronto (September 16, 2019) – The provincial regulator – Ontario Securities Commission (OSC) – accuses Canada Cannabis Corporation (CCC) and Benjamin Ward (chief executive and director), Peter Strang and Silvio Serrano (vice-presidents, either directors or de facto...

Corporate Fraud