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...

Investment Fraud

Three Canadians charged with securities fraud for U.S. pump-and-dump scheme

Three Canadians charged with securities fraud for U.S. pump-and-dump scheme

San Diego, USA (September 25, 2020) – The U.S. Attorney’s Office of the Southern District of California laid charges against four men – three of them Canadians – over their roles in an alleged pump-and-dump scheme and a stock market manipulation ring. Ongkaruck...

read more