Central Alberta man charged in ‘elaborate’ $2.6M fracking fraud

July 31, 2018 ( Courtesy of CBC.ca) -  A central Alberta man is facing fraud charges after a five-year investigation and more than $2 million in losses to investors. RCMP say Dane Skinner, 53, misrepresented and advertised a revolutionary fracking product,...

Undaunted by creditors and fraud charges, Peter Pocklington launches pot company

July 20, 2018 ( Courtesy of CBC.ca) - Former Edmonton Oilers owner Peter Pocklington still owes the Alberta government more than $13 million from an unpaid 1988 loan for a failed meat-packing plant. In Arizona, Pocklington and an associate have so far reneged on...

Massachusetts hedge fund manager with ties to Toronto based asset management firm gets six years in prison for fraud

May 7,2018 (Courtesy of Reuters) - A Massachusetts hedge fund manager was sentenced on Thursday to six years in prison for defrauding investors in a scheme that prosecutors said cost his clients over $10.5 million and allowed him to fund a lavish lifestyle. Yasuna...

JSOT criminally charges David Del Bianco with fraud and money laundering

April 27,2018 (Courtesy of Alberta Securities Commission) - The Alberta Securities Commission (ASC) and the Alberta RCMP announced today that David Del Bianco of Calgary, Alberta has been charged with offences under the Criminal Code, following an investigation by the...

Osgoode investor protection clinic receives $80K in court-directed award

April 24, 2018 | Written By Alexia Kapralos - Osgoode Hall Law School’s Investor Protection Clinic has received an $80,000 cy-près award from a class action settlement that will help the clinic remain open throughout the summer. The injection of cash was a “very...

Sydney Lederman Sentenced to 90 Days Jail for Fraud

April 19, 2018 - The Ontario Securities Commission (OSC) announced today Mr. Sydney Lederman of Toronto, Ontario, was sentenced to 90 days in jail and three years of probation by Justice M. Wong at the College Park-Ontario Court of Justice on April 13, 2018. Following...

St. Albert businessman sentenced to 7 years for massive Ponzi scheme

April 19, 2018 (Courtesy of cbc.ca) - A St. Albert businessman convicted of fraud in a multi-million dollar Ponzi scheme has been sentenced to seven years in prison and ordered to pay $5.8 million in restitution. Wade Closson pleaded guilty earlier this year to...

Former funeral home director accused of defrauding victims of nearly $400K: OPP

April 9, 2018 (courtesy of The Canadian Press) - A former funeral home director is facing a number of charges after allegedly defrauding the families of people who had pre-paid for their arrangements. Provincial Police Sgt. Peter Leon says the investigation centred on...

Pembroke lawyer receives two years for fraud

March 23, 2018 (Courtesy of thee Dailyobserver.ca) - A Pembroke lawyer will spend the next two years in a federal penitentiary after pleading guilty to defrauding his clients of $378,845 over a 15-month period. During a sentencing hearing at the Pembroke courthouse...

$2.6 billion award in Sino-Forest fraud case

Judgment is the first to definitively state that Sino-Forest was a fraud headed by Allen Chan  March 15,2018 (courtesy of Financialpost.com) - A Canadian court has awarded plaintiffs US$2.63 billion in a civil case against Sino Forest Corp co-founder and CEO Allen...

Investment Fraud