Investor Notices:
Suspended sentence for Sudbury payroll business owner
Sudbury (December 6, 2019) – The owner of the Sudbury payroll business Northern Payroll Services, Christine Evans, received a suspended sentence from an Ontario court for fraud related charges. Evans’ business got into financial distress, when she defaulted her...
‘Fraud destroys peoples’ lives’ – cybercrime expert on data breaches and cybersecurity
Toronto (December 6, 2019) – Canadian Fraud News talked to Chris Mathers about the impact of data breaches on peoples’ lives and what happens with our personal information if they have been leaked. Mathers is a former undercover law enforcement officer who now runs...
Breaking Fraud Cases from the Canadian Courts October 2019 – No 1
At Canadian Fraud News, we review the decisions as they are released by Canadian Courts and then publish those we believe are of interest to private sector civil fraud recovery lawyers and investigators as well as public law enforcement, security regulators, and...
Edmonton police charge alleged credit card fraudster
Edmonton (December 5, 2019) – Edmonton police charged an alleged credit card fraudster on November 28. The 42-year-old, Joe Schur, is accused of defrauding an Edmontonian out of more than $25,000. It is believed that he conducted credit card fraud while making 145...
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...
Oshawa man faces fraud charges for refund scam
Guelph (December 2, 2019) – An Oshawa man is facing fraud charges related to a refund scam using a stolen sale terminal from a Guelph restaurant. From March 25 to April 2, the sale terminal was used to charge back or refund a total amount of over $86,000 from payments...
Multiple Montrealers allegedly defrauded in elaborate inheritance fraud
Montreal (November 28, 2019) – Richard Chandroo allegedly defrauded multiple victims in the Montreal area using an elaborate inheritance fraud scheme. He is accused of pretending that he is in need of money to pay legal fees in order to receive an inheritance from his...
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...
North Vancouver man sentenced for being the ‘architect of an elaborate fraud and mail theft scheme’
Vancouver (November 27, 2019) – North Vancouver Provincial Court sentenced Ali Serri to 15 months in prison for charges related to mail theft, identity theft, and use of stolen credit cards on November 22. Following an investigation, the West Vancouver police arrested...
‘Tis the season – Don’t fall for ‘Secret Sister’ gift exchange invitations
November 26, 2019 – The Better Business Bureau (BBB) warned not to fall for ‘Secret Sister’ invitations. The campaign is supposed to be an online ‘Secret Santa’ among strangers but relies on a pyramid scheme and is therefore considered illegal in Canada. Every holiday...
Securities panel finds two B.C. men committed fraud through Ponzi scheme
Vancouver (November 26, 2019) – The British Columbia Securities Commission (BCSC) panel found Todd Norman John Bezzasso and his companies, Bezzaz Holdings Group Ltd. and Nexus Global Trading Ltd., committed fraud against 85 investors using a Ponzi scheme. He raised $5...
Convicted fraudster allegedly ran international online scam from Nigerian maximum security prison
Lagos, Nigeria (November 22, 2019) – Convicted online fraudster, Hope Olusegun Aroke, allegedly ran an international online scam from a Nigerian maximum security prison while serving his current jail term, according to Nigeria’s Economic and Financial Crimes...
Fraudulent wire transfer request costs Waterloo Brewing $2.1 million
Kitchener (November 22, 2019) – Waterloo Brewing recognized this week that it became a victim of a ‘social-engineering Cyberattack’ earlier this month. A scammer tricked the company in wiring $2.1 million to a fraudulent account. According to the brewery, there is no...
Toronto man wanted for romance scams
Toronto (November 21, 2019) –Ridwan Oyeyemi from Toronto is wanted by the police for allegedly perpetrating romance scams. He is the suspect in an ongoing fraud investigation. The police had been notified of two online dating scams where two Torontarians in their...
Former employee of local Dryden community organizations charged with fraud
Dryden (November 21, 2019) – Police arrested and charged former employee of local community organizations, Peggy Ledoux, with fraud and falsification of documents on November 6. She is accused of stealing approximately more than $30,000 in total from the Dryden...
Charges laid against Saskatoon investment dealer for fraud worth $2M
Saskatoon (November 19, 2019) – Saskatoon Police Service and Saskatoon RCMP laid charges against Vincent John Mullee, a former Saskatoon financial advisor, for a $2 million investment fraud. He allegedly sold non-existing bonds to 24 clients of his company ‘Vince...
Former executive director of Hamilton Sikh society under investigation for fraud and forgery
Hamilton (November 18, 2019) – Hamilton Police are investigating the former executive director of the Sikh Society of Hamilton-Wentworth, Jatinder Labana, for fraud and forgery. The investigation started in August 2019 following complaints about financial...
Breaking Fraud Cases from the Canadian Courts September 2019
At Canadian Fraud News, we review the decisions as they are released by Canadian Courts and then publish those which we believe are of interest to private sector civil fraud recovery lawyers and investigators, as well as public law enforcement, security regulators,...
Breaking cases regarding bitcoin investment fraud schemes from the New York Eastern District Court
New York (November 11, 2019) – In the New York Eastern District Court, two bitcoin investment fraud cases have come to an end lately. Reggie Middleton was accused of an initial coin offering (ICO) of the Veritaseum (VERI) token worth US$14.8 million. He settled the...
City of Saskatoon awaits Ontario court decision on recovery of fraudulently stolen funds
Saskatoon (November 8, 2019) – The City of Saskatoon awaits a decision from the Ontario Superior Court after the hearing on November 5 regarding the recovery of their fraudulently stolen money, which is currently frozen in bank accounts. The city has been able to...
One year of mandatory breach reporting – over 28 million Canadians affected
Gatineau (November 8, 2019) – The Office of the Privacy Commissioner of Canada (OPC) recapitulates on one year of mandatory data breach reporting. On November 1, 2018, new regulations went into effect under Canada’s federal private sector privacy law. Since then the...