Justice Robert Manager said it was “selfish greed” of Jacques Scribnock, a former financial advisor, that resulted in shell company schemes that robbed close friends and family of their life savings. The frauds took place over a four-year period starting in 2008 and Scribnock was arrested in 2013, about six months after Ottawa police started receiving complaints from investors and launched an official investigation.
“The man is a snake, and a predator.” – Susan Brownrigg, fraud victim
Scribnock used shell companies under the names Magna Securities and Stone Securities to defraud those close to him, including his cousin.
Read more at CBC News
This article is summarized by Canadian Fraud News Inc.
Marina Burghard writes for Canadian Fraud News about fraud-related cases, whistleblower, jurisdiction, identity theft, consumer protection, etc. – essentially about scams and how to protect yourself against this kind of fraudulent criminal behavior. She holds a Master’s degree in Political Science where her interest in criminology grew. Besides fraud, Marina’s scientific interest lies in terrorism, extremism and how to deal with it as a society.