Investor Notices:
Winnipeg Disbarred Lawyer Peter Ottavio Jachetta, 72, Declared Mentally Unfit for his Criminal Fraud Trial
On May 4, 2020, Justice Ann Krahn of the Manitoba Provincial Court declared disbarred Manitoba lawyer Peter Ottavio Jachetta mentally unfit to stand trial for criminal fraud allegations made by the Crown. On June 25, 1974, Mr. Peter Jachetta was called to the Bar. On...
Wirecard facing allegations of ‘elaborate and sophisticated fraud’
Munich (June 30, 2020) – The Wirecard shareholders have been through a lot in the past few weeks. First, the accounting scandal comes to light, then the longtime CEO was arrested, and now the group files for insolvency and is facing fraud allegations. The financial...
Woodbridge man arrested in connection with fraudulent purchase of PPE
Niagara Falls (June 29, 2020) – The Niagara police arrested a Woodbridge man, Richard Hariraj, after executing a search warrant at a Vaughan warehouse on June 23 where they seized personal protective equipment (PPE) in connection with a fraud investigation. A local...
Two suspects charged in connection with rental housing fraud
Markham (June 26, 2020) – The York Regional police laid charges against two suspects, Arif Adnan Syed of Markham and Hafsa Naseer of Mississauga, on June 22 as a result of a rental housing fraud investigation that started in April of this year. Police allege that the...
Four charged for cheque fraud linked to N.W.T. inmate trust fund
Yellowknife (June 25, 2020) – The Northwest Territories RCMP charged four people in connection with cheque fraud. The investigators believe that up to 15 people deposited a fraudulent cheque 36 times into various bank accounts between December 2019 and February 2020....
More than 50 charges laid against police officer and towing industry members
Toronto (June 24, 2020) – The Toronto police laid more than 50 charges against a Toronto police officer and 10 other suspects including employees of the towing industry on June 18 as the result of an anti-corruption investigation led by the force’s Professional...
Vancouver businessman found guilty of tax fraud
Vancouver (June 23, 2020) – A B.C. Provincial Court found Michael Curt Helmut Scholz of Vancouver guilty of tax fraud on June 18. The CRA said, he provided forged documents to reduce taxes on real estate. Between December 2009 and April 2013, the West Vancouver...
Former Downtown Penticton Association executive director is facing fraud charges
Penticton (June 22, 2020) – The Penticton Regional RCMP Detachment laid fraud-related charges against the former executive director of the Downtown Penticton Association, Kerrilyn Marie Milton, on June 11. Four years after the allegations were first made, RCMP...
SEC accused five Canadians of running pump-and-dump microcap scheme
Boston (June 19, 2020) – The U.S. Securities and Exchange Commission (SEC) filed a complaint against five Canadians and six offshore entities in the district court in Boston in connection with a pump-and-dump microcap scheme. Shane Schmidt, Nelson Gomes, Michael...
Burlington man arrested in series of identity frauds, second suspect sought
Burlington (June 18, 2020) – The Halton police arrested and charged Constantin Liteanu in Toronto on June 12 as a result of a fraud investigation into a series of identity frauds and distraction thefts. Between March and May 2020, multiple identity fraud incidents...
40 vehicles recovered in auto finance fraud investigation
Greater Toronto Area (June 17, 2020) – The York Regional police recovered 40 vehicles stolen or obtained by fraud in the Greater Toronto Area (GTA), which were destined for Libya and Turkey. The police conducted the auto finance fraud investigation in collaboration...
Halifax RCMP warn against ransomware scams
Halifax (June 17, 2020) – The Halifax District RCMP issued a warning against ransomware scams targeting businesses. A local company reported that its network had been hacked with ransomware. The hackers demanded $270,000. Any business or individual could be a target...
Three charged in multimillion-dollar international luxury vehicle fraud
Edmonton (June 16, 2020) – The Alberta RCMP charged three in connection with a multimillion-dollar international luxury vehicle fraud. The Mounties arrested Duy Hung Nguyen and two further suspects on June 9 on multiple fraud charges. Nguyen allegedly used multiple...
Calgary woman arrested for alleged elder financial abuse
Thunder Bay (June 16, 2020) – The Thunder Bay police arrested and charged a 56-year-old Calgary woman as a result of an investigation into a suspected elder financial abuse. The accused is a family member of the 82-year-old victim and allegedly stole about $100,000...
Casting a light on elder financial abuse on World Elder Abuse Awareness Day
June 15, 2020 – Elder abuse is a serious and growing problem. June 15 is the ‘World Elder Abuse Awareness Day’, which provides an opportunity for communities to promote a better understanding of the abuse and threats that older persons are facing by raising awareness...
Montreal woman arrested for alleged CERB fraud
Toronto (June 15, 2020) – The Toronto police arrested Karina Riel of Montreal on June 11 for allegedly opening assorted bank accounts in Toronto to defraud the CERB program. She is accused of using multiple identities to set up fraudulent bank accounts. The police...
OSC found Quadriga’s mysterious collapse was due to fraud
Toronto (June 12, 2020) – The Ontario Securities Commission (OSC) found out that the cryptocurrency exchange QuadrigaCX collapsed in 2019 due to a fraud committed by its late founder Gerald Cotten, according to an investigative report published on June 11. When the...
Former Halifax children’s hospital CEO changed her lawyer while fraud trial looming
Halifax (June 11, 2020) – Former Halifax children’s hospital, IWK Health Centre CEO, Tracy Leanne Kitch, faced fraud related charges resulting from the 2017 expense scandal. Since October 2018, she is accused of billing $47,000 in personal expenses. With her trial...
Nova Scotia businessman sentenced for tax evasion
Dartmouth (June 10, 2020) – A Nova Scotia Provincial Court sentenced Dartmouth businessman, Arlington Smith, for tax evasion, on June 9. The owner of Sunshine Driveway Sealers, a driveway paving and sealing company, failed to report business income and unremitted...
Lawyer sentenced in EY tax fraud scheme
New York (June 10, 2020) – U.S. District Judge Sidney H. Stein sentenced lawyer, David Smith, to three years in prison for tax evasion, on June 8. He worked with partners at Ernst & Young LLP (EY) on five ‘tax shelters’ that were sold or implemented by EY between...
Man wanted in identity theft investigation
Perth (June 9, 2020) – Perth County OPP are looking for a male identity thief who scammed a local bank out of approximately $40,000. He is accused of using a fake ID with another person’s identity while carrying out the transactions on May 21. Later, it has been...