Man accused of $60K investment fraud

Toronto (February 24, 2020) – The Toronto Police arrested Arash Mahdieh in September 2019 for an alleged investment fraud worth $60,000. The investigation is still ongoing since the police believe there may be more victims. After Mahdieh allegedly defrauded a Toronto...

Charges laid against alleged fraudster trading promissory notes

Calgary (February 18, 2020) – The Alberta Securities Commission (ASC) and the Alberta RCMP laid charges against Nicholas John Felgate for securities fraud and money laundering in connection with trading promissory notes. The criminal charges entail eight counts of...

ASC: New penalties for convicted fraudulent real estate developer

Calgary (February 3, 2020) – An Alberta Securities Commission (ASC) panel imposed new penalties on Marie Louise LaFramboise, a convicted fraudulent real estate developer for her role in the failed Cougar Rock project. Between 2006 and 2010, LaFramboise was responsible...

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...

Investment Fraud