A financial services consultant who befriended his handyman’s widow, defrauded her out of life insurance money and gambled it all away on risky investments in a few weeks must now pay it all back, and more, according to an Ontario judge. Roger Gemnay, 55, who commutes between Waterloo, Ont. and Manhattan for work in banking and insurance, must pay Annette Nicholson more than $275,000 — most of it to compensate for what he took and lost on recklessly speculative trades, plus $25,000 in punitive damages.

By: Joseph Brean
Read the full article at the National Post.