Toronto man charged with breaching OSC order

Toronto (January 16, 2020) – The Ontario Securities Commission (OSC) charged James Stuart Adams of Toronto with breaching a director and officer ban, which was imposed in a settlement agreement in March 2015. As part of the agreement, Adams admitted perpetrating...

The ASC’s top investment risks in 2020 – part two

Calgary (January 10, 2020) – The general rule, if something seems too good to be true, it probably is, does still apply in 2020, especially when it comes to investments. The Alberta Securities Commission (ASC) issued a warning about the top investment risks in the new...

The ASC’s top investment risks in 2020 – part one

Calgary (January 9, 2020) – The general rule, if something seems too good to be true, it probably is, does still apply in 2020, especially when it comes to investments. The Alberta Securities Commission (ASC) issued a warning about the top investment risks in the new...

Salt Spring Island property claimed in civil forfeiture lawsuit connected to international stock fraud

Victoria (December 18, 2019) – The B.C.’s Civil Forfeiture Office is suing to seize a Salt Spring Island property, which is allegedly linked to a $200-million-plus international stock-fraud. The $2.4 million island property is believed to be purchased with the...

OSC: Man sentenced for bitcoin trading scheme

Toronto (December 12, 2019) – The Ontario Securities Commission (OSC) announced the sentence of Oliver Folkard for conducting a bitcoin trading scheme. Justice Philip Downes sentenced him to eight months in prison and three years of probation for defrauding at least...

Two GTA men charged for ‘high value fraud’ in connection with bakery deal

Toronto (December 3, 2019) – Toronto police arrested and charged two operators of Easton Pharmaceuticals Inc., Vincent DeMasi and Evangelos Karayannopoulos in connection with a Toronto bakery ‘high value fraud’. The police accuse the men of purchasing the business...

Ontarian sentenced for Dominican resort Ponzi scheme

San Francisco (November 28, 2019) – A Northern California court sentenced Derek Elliott from Ontario to two years in prison. In September 2012, the Canadian was charged with conspiracy to commit fraud for his role in a Dominican resort Ponzi scheme. Elliott and his...

Securities panel finds two B.C. men committed fraud through Ponzi scheme

Vancouver (November 26, 2019) – The British Columbia Securities Commission (BCSC) panel found Todd Norman John Bezzasso and his companies, Bezzaz Holdings Group Ltd. and Nexus Global Trading Ltd., committed fraud against 85 investors using a Ponzi scheme. He raised $5...

Charges laid against Saskatoon investment dealer for fraud worth $2M

Saskatoon (November 19, 2019) – Saskatoon Police Service and Saskatoon RCMP laid charges against Vincent John Mullee, a former Saskatoon financial advisor, for a $2 million investment fraud. He allegedly sold non-existing bonds to 24 clients of his company ‘Vince...

BCSC warns investors against pyramid scheme type ‘split games’

Vancouver (October 25, 2019) – The British Columbia Securities Commission (BCSC) warns investors against ‘split games’ which operate on the principle of pyramid schemes. The virtual ‘shares’ are primarily sold in the Lower Mainland’s Chinese community by FullCarry and...

Investment Fraud