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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 Joint Serious Offences Team (JSOT).

Del Bianco has been criminally charged with one count of fraud contrary to section 380(1)(a) and one count of money laundering contrary to section 462.31. It is alleged that Del Bianco fraudulently raised approximately $500,000 from more than 40 different investors between March 2010 and December 2014.

Del Bianco is scheduled to appear in court on this matter on May 16, 2018 at 8:00 am in Courtroom CMO, Calgary Courts Centre, 601 – 5 Street SW, Calgary, Alberta.

This is the second arrest resulting from JSOT investigations in Alberta. JSOT gratefully acknowledges the assistance of the Calgary Police Service in this matter.

JSOT is an enforcement partnership between the ASC, the RCMP Federal Policing’s Financial Integrity Program and Alberta Crown Prosecution Service. JSOT investigates and prosecutes quasi-criminal cases under the Securities Act and certain securities-related criminal offences under the Criminal Code. In particular, JSOT targets repeat offenders, serious frauds and breaches of ASC or court orders and bans. The primary objective is to protect investors and further enhance confidence in the Alberta capital market through collaborative investigations and prosecutions of serious violations of the law using the provisions of the Securities Act (Alberta) or the Criminal Code.

The ASC is the regulatory agency responsible for administering the province’s securities laws. It is entrusted with fostering a fair and efficient capital market in Alberta and with protecting investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada’s capital markets.

The RCMP Federal Policing’s Financial Integrity Program contributes to the security of the Canadian economy and seeks to protect Canadians and their governments from financial crimes perpetrated by organized crime and others. The Financial Integrity Program is delivered in partnership with international and domestic government agencies, domestic stakeholders and the community at large.

 

Deborah McCoy – Is an investigative journalist and has over 17 years of investigation experience in both the private and public business sectors. Since joining CFN, Ms. McCoy has become a true advocate for victims of fraud and increasing the public’s awareness in fraud prevention.