Richmond (September 8, 2020) – The RCMP arrested Vancouver man, William Everett Graham, on August 26 after a securities probe. The British Columbia Securities Commission (BCSC) announced that his offenses allegedly took place at a Richmond business and that Graham has never been registered under the Securities Act. The police charged him with Fraud Over $5,000 and Theft Over $5,000.
The BC RCMP’s University Detachment arrested and charged William Everett Graham from Vancouver with criminal fraud and theft after a securities probe, according to a press release issued by the British Columbia Securities Commission (BCSC).
No registration under the Securities Act
The BCSC’s Criminal Investigations Branch undertook the securities probe in which they found out that the ‘crime allegedly took place at a Richmond Business,’ stated the agency in their press release. The BCSC did not further specify how the fraud was allegedly conducted or how much money his victim(s) allegedly lost.
According to the BC Securities Commission, Graham has never been registered to trade or sell securities or advise investors under the Securities Act. In British Columbia, every person who is in the business of trading or selling securities must be licensed with the BCSC. This requirement is intended to ensure that people selling securities are knowledgeable and able to properly advise investors, said the BCSC on their website. They recommend people to always check the registration of the person or company before they invest. People can check the registration status in BC online on investright.org, a website by the BCSC.
Securities probe leads to criminal charges
The RCMP arrested the 76-year-old Vancouver man on August 26. They charged him with Fraud Over $5,000 and Theft Over $5,000. Graham has been released on a promise to attend his first court appearance at Richmond Provincial Court on September 16. The BCSC advised that he is forbidden from contacting the alleged victim.
The BCSC is the independent provincial government agency responsible for regulating capital markets in British Columbia through the administration of the Securities Act.
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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.