A former investment adviser has plead guilty to one count of fraud after members of a Nova Scotia family lost more than $1 million.
Glenn Francis Dunbar had been facing four separate counts of fraud. Three of the original charges will be withdrawn when Dunbar is sentenced in June.
In the lawsuit filed against Dunbar, the couple said he convinced them to remortgage their home and invest both their pension funds, as well as some of their daughter’s money. The estimated total of their investments was more than $1 million.
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