Wirecard facing allegations of ‘elaborate and sophisticated fraud’

Munich (June 30, 2020) – The Wirecard shareholders have been through a lot in the past few weeks. First, the accounting scandal comes to light, then the longtime CEO was arrested, and now the group files for insolvency and is facing fraud allegations. The financial...

Woodbridge man arrested in connection with fraudulent purchase of PPE

Niagara Falls (June 29, 2020) – The Niagara police arrested a Woodbridge man, Richard Hariraj, after executing a search warrant at a Vaughan warehouse on June 23 where they seized personal protective equipment (PPE) in connection with a fraud investigation. A local...

More than 50 charges laid against police officer and towing industry members

Toronto (June 24, 2020) – The Toronto police laid more than 50 charges against a Toronto police officer and 10 other suspects including employees of the towing industry on June 18 as the result of an anti-corruption investigation led by the force’s Professional...

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...

Nova Scotia businessman sentenced for tax evasion

Dartmouth (June 10, 2020) – A Nova Scotia Provincial Court sentenced Dartmouth businessman, Arlington Smith, for tax evasion, on June 9. The owner of Sunshine Driveway Sealers, a driveway paving and sealing company, failed to report business income and unremitted...

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...

Charges laid after investigation into ‘fraudulent activities’ at a Lincoln long-term care home

Lincoln (June 2, 2020) – Niagara police arrested Diana Ojesebholo, director of Divine Home Care, on May 28. The Hamilton woman is accused of providing temporary Personal Support Workers, which were not certified, to a long-term care home in the Town of Lincoln. As a...

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...

Better Business Bureau warns against scams targeting small businesses

May 11, 2020 – The Better Business Bureau warns against scams that target small businesses in a press release. Scams can impact every business, regardless of location, size, or industry. Nevertheless, small businesses are often more vulnerable to fall victim of fraud...

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...

Corporate 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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