Investor Notices:
‘Sorry’: Crown calls for harsh sentence for Calgary man in multimillion-dollar fraud
CALGARY - The Crown asked for a sentence of 10 to 12 years Wednesday for a Calgary man who bilked clients out of millions of dollars in a Ponzi scheme. Arnold Breitkreutz, 74, was convicted on June 29 of fraud over $5,000 for what the Crown described as a...
Enforcement Notification – Charges laid
The Canada Revenue Agency (CRA) announced today that Ghansham Vania, also known as Gansham Vania, and Davinder Vania, of Vaughan, Ontario, were charged on June 15, 2022, with fraud in an amount greater than $5,000 under the Criminal...
Prize scam dupes Quinte West resident
A Quinte West resident has lost about $3,000 after falling victim to a scam. Quinte West OPP say the victim lost the money in what is commonly known as a “prize scam.” The complainant initially received a phone call from a person claiming to represent a lottery...
FRAUD AND MISREPRESENTATION – Fraudulent misrepresentation – Specific elements – Recklessness of truth or falsity
An appeal by TD Bank from a trial decision dismissing its action against Wilde for fraudulent misrepresentation and civil conspiracy. Wilde, a chartered accountant, and a client, Deleeuw, incorporated Hi Plans which then agreed to purchase a cattle ranch from Marsh...
Grandparent scams on the rise, warn York police
Investigators with the York Regional Police Financial Crimes Unit issued a warning of a recent rise in fraud schemes targeting elderly and vulnerable citizens. York police say they have seen an increase in reports from citizens across the region who have reported...
Mounties Uncover International Telephone Scam
Mounties have charged one person following an investigation into an international phone scam involving seniors. In December, the RCMP Greater Toronto Area Transnational Serious and Organized Crime unit received information from the RCMP in Prince Edward Island. A...
Kelowna RCMP Warn of Potential Internet Fraud
Kelowna RCMP are reminding the public to be cautious about online acquaintances. On July 7, 2022, the Kelowna RCMP received a complaint from a Kelowna man who developed what he believed to be a friendship on line with someone who portray herself as female. This female...
Montreal woman scammed out of almost $10K in taxi debit fraud
Canadian Bankers Association says these types of scams are on the rise. In hindsight, Donna Rindress says there was a clear red flag during her taxi ride home last week that ended with her bank account drained and her life upended. After a night out with friends,...
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 [email protected] On June...
University of Saskatchewan turns to Indigenous governments to root out identity fraud
Status cards and the Métis Registry will determine who is eligible for Indigenous-specific positions. After months of consultation about how to stop "pretend Indians" from taking jobs and scholarships meant for genuine Indigenous people, the University of Saskatchewan...
SEC Files Fraud Charges Against A US$300 Million Crypto Pyramid Scheme… But Firm Doesn’t Seem To Mind
Part of the Securities and Exchange Commission’s (SEC) crackdown on questionable crypto firms, the regulatory body recently charged 11 individuals for their roles in creating and promoting a crypto pyramid scheme that raised around US$300 million from its investors....
The LexisNexis Risk Solutions True Cost of Fraud Study Finds a 19.8% Increase in Retail Fraud in the U.S. Since 2019
The LexisNexis Fraud Multiplier™ – an estimate of the total amount of loss a firm occurs based on the actual dollar value of a fraudulent transaction – estimates that every $1 lost to fraud costs U.S. and Canadian merchants an average...
Stopping frauds and scams starts with recognizing the signs
As part of Hanna Detachment’s crime prevention strategy, we would like to share information with the community about common fraud schemes that are commonly seen in Canada. By sharing this information, we hope to prevent Hanna and area residents from becoming victims...
Former Coinbase manager, 2 others, charged in crypto insider trading scheme after trying to flee the country
The U.S. government is really starting to get serious about crypto. So far this year, we've had milestone arrests in one of the largest cryptocurrency hacking cases, and arrests in an NFT rug pull scam. Now, we have arrests in what the...
Fraud issues emerging in Swift Current
The Swift Current City RCMP are warning the public about an uptick in online fraud and phone scam cases over the last couple of weeks. According to a police report from earlier this week, these instances typically range from alleged calls by the Canadian Revenue...
Ontario woman warns about computer virus banking scam after losing $60,000
An Ontario senior says she is devastated after losing $60,000 in a banking scam that started when a virus popped up on her laptop computer screen. "I couldn't shut it off, I couldn't turn it off, this lady's voice kept saying 'you've been infected, don't touch your...
Resident loses more than $100,000 in bitcoin scam
Central Hastings OPP are warning people to be careful with their money after a local resident reported losing more than $108,000 to an online bitcoin scam. Police are investigating after the victim revealed they sent several electronic money transfers to an online...
Pair of Uxbridge residents charged in series of alleged real estate frauds
Peel police say they have charged two people from Uxbridge after they defrauded at least 18 people out of millions of dollars. Police say the frauds happened between January 2019 and June 2021 across multiple jurisdictions. The two would allegedly accept advance...
Monique Keiran: How to avoid falling hook, line and sinker for seafood fraud
A survey found nearly one quarter of fish sold in Metro Vancouver in 2018 was incorrectly labelled. What if the seafood you see on your plate is not the seafood you think it is? There’s a chance that the red snapper or halibut fillets you were sold are a...
Surprise! These emails about returning CERB payments aren’t scams
Recipients confused by odd formatting and broken images Recipients noticed what seemed like red flags as soon as they opened the emails from Service Canada, demanding repayment of pandemic benefits. The government logo looked strange, or was broken. The text was...
Richmond Hill Councillor Karen Cilevitz Guilty to Fraud Under $5,000 and Sentenced to House Arrest and Restitution
The Crown has withdrawn charges against Cilevitz’s spouse, Derek Christie. Eighteen months after Karen Cilevitz and her spouse Derek Christie made the headlines for Fraud Over $5,000 charges, the Richmond Hill councillor pleaded guilty in Court on July 11 to a lesser...