Investment Fraud
‘Be aware of warning signs’: Tecumseh resident loses $70,000 in online investment scheme
Essex County OPP are warning the public to be vigilant after a Tecumseh resident was defrauded of over $70,000 by investing in Crypto currency with an online Crypto currency brokerage. At this time, police say the victim is not able to retrieve their money from the...
Luxury cars seized from 23-year-old ‘Crypto King’ as investors try to recoup millions
Aiden Pleterski and his company allegedly owe $35M to more than 140 investors. Two McLarens, two BMWs and a Lamborghini make up just a few of the $2 million worth of assets seized from a 23-year-old from Whitby, Ont., as his investors try to recoup millions of dollars...
Information Wanted on Aiden Pleterski of Ajax, Ontario – Ponzi Scheme Foreign Exchange Investment Scheme
The Toronto based law firm Investigation Counsel PC, Fraud Recovery Lawyers, is asking anyone who transferred funds to Aiden Pleterski of Whitby, Ontario, to contact them confidentially. Inquiries can be made to D. Slenys at dslenys@investigationcounsel.com. On June...
Toronto businessman accused of $12M pandemic Ponzi scheme found and charged with fraud
A Toronto businessman accused of orchestrating a $12-million pandemic-related Ponzi scheme was arrested and charged with fraud by Toronto police on Monday, just hours after investigators discovered his location, CBC News has learned. Mark E. Cohen's whereabouts...
MoneySmart Manitoba releases real fraud calls to raise awareness about the prevalence of investment fraud
MoneySmart Manitoba has launched a campaign called "Time to Call Out Fraud" to raise awareness about the prevalence of investment fraud and explain why people don't speak up about the occurrence. The initiative coincides with Financial Literacy Month which takes place...
Canadian racing driver and influencer accused of ‘massive fraudulent’ scheme
Canadian race car driver Josh Cartu strikes a glamorous life style on social media: surrounded by expensive sports cars, hobnobbing with movie stars and fashion models, and travelling on his private jet to European party hotspots such as Ibiza and Cannes. Cartu grew...
Man Defrauded Five People in Loan Scheme in Nova Scotia.
A man named Wesley William Robinson and his Halifax-based company defrauded five people fraud ranging from $25,000 up to $550,000 in a fake loan scheme. Robinson obtained cash from the complainants, who thought their money was going to be used to secure large loans....
Securities commission panel concludes N.S. man defrauded investors of tens of thousands
A three-member panel of the Nova Scotia Securities Commission has concluded that a Nova Scotia man defrauded five people of amounts ranging from $25,000 to $550,000. Wesley William Robinson came to the attention of the commission after one of the people brought...
Former investment advisor Joan McCarthy facing 24 criminal charges
A former Newfoundland investment advisor is facing two dozen criminal charges, related to allegations of fraud and forgery.
Compensation available to certain victims of decade-old fraud scheme
Almost 11 years ago a pair of respondents to an Ontario Securities Commission (OSC) enforcement proceeding reached settlements with the regulator that included disgorgement. Now, investors who lost money are being invited to file claims to recover their losses. The...
Calgary-based financial advisor charged in multimillion-dollar fraud
A Calgary-based financial advisor has been charged amid allegations that he carried out a multimillion-dollar fraud and collected secret commissions, RCMP say. The Alberta RCMP Integrated Market Enforcement Team (IMET) said Monday that Jeffrey Ber, 38, has been...
Investment scams imitating well-known financial brands, CSA warns
The Canadian Securities Administrators (CSA) is warning the public about scammers claiming to represent large, well-known financial companies.
Quebec investors warned against RBC copycat fraud
The Autorité des marchés financiers is issuing a warning about fraudulent representations from a fake website made to look like it’s associated with a Big Six bank.
B.C.’s investment regulator proposes new rules to thwart fraudulent stock promotions
The new disclosure requirements would require anyone promoting a stock to disclose if they have a financial or other interest.
CSA warns of Investment scam involving Fidelity Investments
The Canadian Securities Administrators is warning the public about an investment scam claiming to represent Fidelity Investments.
ASC alleges Calgary resident Tinashe Nyadongo and Future Growth Investments breached Alberta securities laws
It is alleged that Nyadongo, while employed by Olympia Trust Company, sold shares in Future Growth Investments to investors who wanted to unlock their locked-in retirement accounts (commonly referred to as LIRAs) or invest in certain opportunities.
U.K. approves extradition to Canada of 71-year-old man to face fraud charges in British Columbia
The United Kingdom has approved the rare extradition to Canada of a senior who faces fraud and theft charges in British Columbia. The decision by the U.K. Home Secretary’s Office to extradite 71-year-old Peter Kevin Miller was made after an extradition hearing in October last year at South Cumbria Magistrates’ Court.
ASC: Convicted Ponzi scammer permanently banned from capital market
Calgary (November 25, 2020) – The Alberta Securities Commission (ASC) permanently prohibited Edmonton man, Timothy Ray Carruthers, from participating in Alberta’s capital market on November 17, after he was convicted for a Ponzi scheme at the Court of Queen’s Bench of...
Burlington man charged with alleged $1.3 million Ponzi scheme
Burlington (November 20, 2020) – The Halton police laid charges against Francesco Perre from Burlington in connection with an alleged $1.3 million Ponzi scheme. He is accused of soliciting investments from his victims for a stock market investment program. However,...
London financial advisor accused of $1.5M investment fraud
London (October 30, 2020) – The London police laid fraud charges against the financial advisor, Chanrith Yin, in relation to investment fraud. He is accused of bilking six of his clients out of $1.5 million during a six-year period. The police allege that he convinced...
BCSC accuses woman of $3 million investment fraud
Vancouver (October 23, 2020) – The British Columbia Securities Commission (BCSC) accused Meiyun Zhang of defrauding B.C. investors in a $3 million investment fraud. Between 2014 and 2017, she allegedly fraudulently solicited money from three investors claiming to help...