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...

Charges laid against two Montreal brothers related to high-profile cyberattacks

Montreal (September 10, 2020) – The RCMP charged two Montreal men, Jacob Costanzo-Peterson and Félix Costanzo-Peterson, for conducting high-profile cyberattacks against Canadian Tire Corporation, BMO, and Simplii Financial in 2017 and 2018. In August 2018, the two...

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...

Two Alberta men charged in funding scam

Lethbridge (July 31, 2020) – Lethbridge Police Service laid charges against Josef Korec and Dustin Ritter from southern Alberta in connection with an alleged multi-million dollar investment fraud. They are accused of defrauding a Lethbridge man out of more than $3.1...

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....

Innisfil businessman charged with defrauding the public using payment machines

Greater Toronto Area (July 14, 2020) – The Peel Regional Police arrested businessman, Syed Jafry, for fraud. He is accused of duping the customers of his businesses out of $131,000 while installing point of sale machines and has been charged with defrauding the...

Alleged fugitive ‘serial swindler’ arrested for multi-million art fraud

New York (July 9, 2020) – The U.S. Attorney’s Office of Southern District of New York reported that Inigo Philbrick, former art dealer with galleries in London and Miami, was arrested on the Pacific Island of Vanuatu on June 11 for engaging in a multi-million dollar...

Scammers targeting businesses with pre-paid credit card scams

Witless Bay (July 7, 2020) – The Ferryland RCMP issued a warning of a new scam that targets business owners who are selling pre-paid Visa cards. The Mounties published the scam alert following a report from a convenience store in Witless Bay. The business lost over...

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...

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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