Niagara-on-the-Lake (February 20, 2020) – The police arrested Niagara financier Peter Corbière for fraud following a report of a failed business arrangement on February 13. The former senior partner at the Business Development Bank of Canada has been charged with Fraud Over $5,000 and False Pretence. In April 2019, he has already been charged with fraud in connection with a business loan scheme in Huron County. None of the allegations have been proven in court.
Update (May 5, 2020)
The Niagara Police have laid two new fraud-related charges against Peter Corbière as a result of further investigations. He was released on a promise to appear in court on May 27.
The Niagara Police arrested Peter Corbière for suspected fraud regarding a failed business arrangement, according to a press release. This was not the first time the Niagara financier was suspect in a fraud investigation. The OPP charged Corbière with theft and fraud in the spring of last year.
Niagara financier again focus of fraud investigation
The Niagara Regional Police Service Central Fraud Unit started its investigation in December 2017 after they received a ‘report of a failed business arrangement.’ The more than two-year-long investigation resulted in the arrest of the Niagara financier and former senior partner of consulting at the Business Development Bank of Canada on February 13.
The 62-year-old has been charged with Fraud Over $5,000 and False Pretence. The police did not further comment on how the alleged fraud was operated. Additionally, none of the allegations have been proven in court. Corbière has been released on a Promise to Appear. He is scheduled in a St. Catharines court on March 18.
Well established financing expert promised investment loans and deals – undisbursed
In March 2018, Corbière was at the center of a CBC News investigation that alleged him of taking advantage of small business owners. They reported about at least nine business people and entrepreneurs from across Ontario and the U.S., who paid Corbière fees in the amount of tens of thousands of dollars in exchange for investment loans and deals, they needed to grow their companies.
According to the business people, they never got their promised loans, nor did Corbière refund the paid fees despite lengthy and repeated promises that the money was on its way. The CBC said that Corbière presented himself very confident, knowledgable, and well established as a financing expert. He benefited from his former job as a senior partner at the Business Development Bank of Canada. Furthermore, he made himself a name as owner of now-defunct Corbière-McBride Associates and he had been a speaker at business events in Niagara and Norfolk. All of this let him appear trustworthy and legitimate to the business people who were looking for loans.
Corbière also charged in connection with a business loan scheme by the OPP
In April 2019, the OPP arrested Corbière as the result of a separate fraud investigation. He was accused of a business loan scheme in Huron County in 2016. Reportedly, in this case, a man allegedly paid Corbière a lender’s fee of $38,000 in exchange for a business loan worth more than $1 million. Apparently, he never received the loan, nor did he get his money back.
Last year, the OPP charged Corbière with Fraud Over $5,000, Theft Over $5,000, and Making a False Statement in Writing in this investigation. His judicial pretrial took place in Goderich court on February 19.
Anyone who wishes to inquire fraud recovery information on their own case, or wishes to report fraud with whistleblower protection, please contact D. Slenys at 416-637-3151 or firstname.lastname@example.org.
Marina Burghard writes for Canadian Fraud News about fraud-related cases, whistleblower, jurisdiction, identity theft, consumer protection, etc. – essentially about scams and how to protect yourself against this kind of fraudulent criminal behavior. She holds a Master’s degree in Political Science where her interest in criminology grew. Besides fraud, Marina’s scientific interest lies in terrorism, extremism and how to deal with it as a society.