Investigation Counsel PC, Fraud Recovery Lawyers
Investigation Counsel PC, Fraud Recovery Lawyers, based in Toronto, are requesting that anyone with financial or other information on Sige Arsene Onca and his companies Onca Capital Inc. and Leading Way Performance Inc. contact our office. Information will be accepted on a confidential basis.
Sige Arsene Onca has engaged in numerous investment fraud schemes for which judgments have been issued and contempt of court declarations have been made. Warrants for arrest issued by the Superior Court of Justice in Toronto have also been issued.
In an action published by the Superior Court of Justice in Toronto on March 23, 2020, as Morris v. Onca, Court File No. CV-19 629644, 2020 ONSC 1805, the Court reported that Mr. Onca advised that he invested the victim’s funds in a brokerage account in the Seychelles Islands, and that his access to the account had been denied, and for this reason he could not return the victim’s funds. Mr. Onca advised the Court that he intended to pay the victim with funds from an account held by his mother in France.
At the time of this motion, court orders had been issued that Mr. Onca produce documents to the victim to show her how her funds had been invested. Mr. Onca had failed to do so. The Court invited the victim to bring contempt of court proceedings against Mr. Onca, and advised Mr. Onca that incarceration is a sanction for failing to account to a victim with banking documents. Mr. Onca thereafter paid what he owed to the victim. The source of funds used by Mr. Onca was never disclosed, but other victims have subsequently reported their losses to the Court implying Mr. Onca was stealing from Peter to pay Paul.
In an action published by the Superior Court of Justice in Toronto on July 9, 2021, as Lonneberg v. Onca, Court File No. CV-20-649106, 2021 ONSC 4886, the Court reported that Mr. Onca admitted liability to another victim. The Court ordered Mr. Onca to provide a sworn declaration of his assets. Mr. Onca advised the Court that he did not have any assets. The Court invited the victim to bring contempt of court proceedings against Mr. Onca, and cautioned him that if he failed to disclose his assets he could be incarcerated.
On September 14, 2021, the Court declared Mr. Onca in contempt of Court in a decision reported as Lonneberg v. Onca, 2021 ONSC. In this judgment, the Court noted that Mr. Onca had opened accounts at Questrade (an online brokerage) and in his account opening statements had reported annual income of $250,000 and assets of over $1M. The Court further reported that Mr. Onca had accounts at the Bank of Nova Scotia, but had liquidated approximately $265,000 during the litigation which he had not accounted for and for which the victim had not traced.
The Court declared that Mr. Onca was in contempt of court for not disclosing these accounts to his victim. Mr. Onca was in attendance at this motion. The Court ordered Mr. Onca to deposit his passport and travel documents with counsel for the Plaintiffs.
On September 20, 2021, in an unreported endorsement dated, the Court reported that Mr. Onca had received communications of the victim and the Court at arsenemonca@hotmail.com , and using this email had advised his victim that he had to travel ‘abroad’ on an urgent basis as a close family member was sick. The Court offered to the victim that it would issue a Canada wide warrant for his arrest. The victim did act on the Court’s offer.
On October 13, 2021, in an unreported endorsement dated, the Court reported that Mr. Onca remained in contempt and on the lam. The Court sentenced Mr. Onca to two weeks incarceration following which he would return to Court to disclose what he had done with the defrauded funds. If he failed to disclose what he had done with the victim’s funds, the Court left it open to impose a further sentence of incarceration. Not surprisingly, Mr. Onca has not surrendered himself to Canadian authorities.
On October 15, 2021, Investigation Counsel PC issued a further claim against Mr. Onca under Toronto Court File No CV-21-00670359-0000. Anyone with information related to Mr. Onca and his corporations is requested to contact D. Slenys at dslenys@investigationcounsel.com or our intake line at 416-637-3150.
