Barrie police are asking for the public’s assistance in identifying a suspect in fraud investigation

June 28, 2018(Courtesy of CTVnews.ca )- Barrie police is asking for the public’s help in identifying a suspect wanted for identity fraud. Police say on March 16, 2018 the suspect first entered the TD Canada Trust at 53 Ardagh Rd. and then attempted his hoax at the TD...

Jury finds Quebec construction mogul Tony Accurso guilty of fraud, other charges

June 27, 2018 (Courtesy of CTVnews.ca) - A jury has found Quebec construction magnate Tony Accurso guilty on all five charges he was facing including fraud and corruption. Accurso, 66, was impassive as the jury delivered the verdicts on their seventh day of...

Pyramid-scheme probe with ties to Canada and China leads NZ police to freeze $70m

June 26, 2018 - Nearly $70 million in bank accounts has been frozen - easily the largest case in New Zealand - as part of a global investigation into a wealthy Chinese businessman accused of running a massive pyramid scheme from Canada. Xiao Hua Gong has built a...

Real police say fake Mounties weren’t actually involved in scam of B.C. woman

June 25, 2018 (Courtesy of the Canadian Press) -Vancouver police say a woman who claimed to have been arrested by fake police officers in a fraud scheme exaggerated her report. Police now say that the woman was never physically approached by people claiming to be...

Ottawa wants to close loopholes that let terrorists, criminals use Bitcoin to commit fraud

June 21,2018 (Courtesy of the Canadian Press) - The federal government is proposing measures that take aim at shadowy payments made by terrorists and money launderers using virtual currencies and prepaid credit cards. The planned regulations would help close loopholes...

Investor Notices

Richard Glen Allison Issued Jail Time for Fraud on Company

Why Sales Agent Due Diligence is Necessary April 19, 2018 – At Canadian Fraud News, we report on decisions issued by Canadian Courts related to fraud, that are not reported in the main stream media, and that contain legal issues the Canadian public and fraud recovery...

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Investment Fraud

Red Deer woman charged with stealing $1M from ATB Financial in Sylvan Lake

June 13, 2018 ( Courtesy of globalnews.ca ) -  Mounties in central Alberta have arrested a former ATB Financial bank worker for allegedly stealing $1.1 million from her employer. RCMP said the woman was working at the ATB Financial branch in Sylvan Lake when she...

Canada Declares War on Cryptocurrency Fraud with Mandatory KYC/AML Regulations

Canada’s Fraud Crackdown June 13, 2018 (Courtesy of btcmanager.com ) - As stated in the draft published by Canada Gazette, the Financial Action Task Force (FATF) pointed out some inadequacies in the Anti-Money Laundering and Anti-Terrorist Financing Regime (AML/ATF)....

PRESS RELEASE – Sandeep Mehta linked to Benedetto “Benny” Manasseri’s Pro-Fit Financing Fraud Scheme

June 13, 2018 - At Canadian Fraud News, we report on decisions issued by Canadian Courts related to fraud, that are not reported in the main stream media, and that contain legal issues the Canadian public and fraud recovery experts should be aware of. The following is...

$400K vanishes from public service union’s coffers

June 6,  2018 (Courtesy of CBC.ca) - A union representing public service professionals across Canada, including economists, statisticians and civilian employees of the RCMP, is trying to figure out how $400,000 was apparently siphoned from its bank accounts over the...

6 Montrealers facing extradition to the U.S. for alleged Lottery fraud

Alleged victims in the United States were led to believe they had won a Canadian lottery May 29, 2018 (courtesy of The Canadian Press) -  A Pennsylvania woman who is among the alleged victims of a lottery scheme involving six Montreal-area men has testified she lost...

BMO and CIBC’s Simplii warn fraudsters may have accessed clients’ data

May 29, 2018 (Courtesy of CTVnews.ca) - Two of Canada's biggest banks warned Monday that "fraudsters" may have accessed certain personal and financial information of up to 90,000 customers. The Bank of Montreal said hackers contacted the bank on Sunday claiming to be...

Fraud charge for Calgary woman accused of faking cancer

May 24, 2018 ( Courtesy of CTVNews.ca) - A Calgary woman has been charged with fraud after police say she was collecting money through various fundraising campaigns for cancer treatments she didn’t need. Police said the 30-year-old woman set up a GoFundMe page and...

Court docs claim vehicle fraud involving more than 100 vehicles

May 17, 2018 (courtesy of CTV.ca) - An Edmonton car dealership has taken legal action against an Edmonton man, and a number of companies he is involved with, after more than 33 vehicles were taken from the dealership’s lot earlier this year. A Statement of Claim...

Massachusetts hedge fund manager with ties to Toronto based asset management firm gets six years in prison for fraud

May 7,2018 (Courtesy of Reuters) - A Massachusetts hedge fund manager was sentenced on Thursday to six years in prison for defrauding investors in a scheme that prosecutors said cost his clients over $10.5 million and allowed him to fund a lavish lifestyle. Yasuna...

Canadian fraud victims could get some of $586M US Western Union settlement

U.S. ruling found company failed to properly protect customers against fraudsters May 2, 2018  (Courtesy of CBC.ca) - Police departments across Canada are informing fraud victims who sent funds through Western Union that they may be eligible to get some of their money...

$400K vanishes from public service union’s coffers

June 6,  2018 (Courtesy of CBC.ca) - A union representing public service professionals across Canada, including economists, statisticians and civilian employees of the RCMP, is trying to figure out how $400,000 was apparently siphoned from its bank accounts over the...

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Online  Fraud

AHS warning of text scam involving the organization

June 15, 2018 ( Courtesy of Globalnews.ca)  - Alberta Health Services (AHS) is warning Albertans of a phishing scam where a text message seemingly from the organization includes a link to what looks like an e-transfer site. In a news release on Wednesday, AHS said the...

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Mortgage Fraud

Alberta RCMP lay charges in multimillion-dollar fraud case

May 29, 2018 (Courtesy of the Canadian Press) - RCMP have arrested and charged two people in a multi-million dollar fraud case involving hundreds of investors in Alberta. Investigators say two people in Calgary that operated a company called Base Finance Ltd. raised...

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Alberta RCMP lay charges in multimillion-dollar fraud case

May 29, 2018 (Courtesy of the Canadian Press) - RCMP have arrested and charged two people in a multi-million dollar fraud case involving hundreds of investors in Alberta. Investigators say two people in Calgary that operated a company called Base Finance Ltd. raised...

Mortgage firm that raised funds for Fortress halts operations: FMP advises clients it is surrendering brokerage licence after several developments that have had negative impact

April 27, 2018 ( Courtesy of Globeandmail.com) - A mortgage brokerage firm that raised millions from investors to finance projects for Fortress Real Developments Inc. has notified clients that it is going out of business. FMP Mortgage Investments Inc. sent a letter to...

Fortress used a third of investors’ money for commissions, fees, new documents show

April 24, 2018 (Courtesy of Globeandmail.com) - More than one-third of the money raised from investors to provide syndicated mortgage loans for Fortress Real Developments Inc.'s building projects was paid out as cash commissions to salespeople and as consulting fees...

RCMP raid 6 locations in GTA as part of syndicated mortgage fraud investigation

April 16, 2018 (Courtesy of cbc.ca)The RCMP raided six properties in the Greater Toronto Area Friday morning as part of an ongoing investigation into syndicated mortgage fraud. Police would not confirm what company or companies the locations searched are tied to, but...

RCMP Lays Fraud Charges in Real Estate Scam

March 27,2018 - The National Division RCMP Sensitive and International Investigative Section has arrested and charged two Mississauga, Ontario residents, 71-year-old Wajid Ali Khan and 48-year-old Nadeem Imtiaz Ahmed, with false pretense and fraud. Exact charges are...

Alleged key players charged in $17-million Project Bridle Path mortgage fraud investigation

Missing lawyer Golnaz Vakili, linked to the “sophisticated and complex” mortgage fraud investigation dubbed “Project Bridle Path,” has returned to Canada and will be a witness in the case, police confirmed. March 8, 2018 (Courtesy of the Toronto Star) -  Toronto...

Four arrested in ‘sophisticated’ Toronto mortgage fraud

March 6,2018 (courtesy of CTVnews.ca) -  Toronto police have arrested four people in what they are calling a “sophisticated and complex” mortgage fraud investigation involving high-end properties in the city. The police service’s financial crimes unit says the...

Accused murderer Steve Bragg facing unrelated fraud charge

Steve Bragg was already in jail awaiting trial, charged with the second-degree murder of Victoria Head, when he was handed an unrelated charge for defrauding a woman two months before Head's killing. Bragg is accused of killing Head, 36, in November. Her body was...

‘Dishonest and fraudulent’: Pair fined $50k in mortgage broker ‘fronting’ case

B.C.'s Registrar of Mortgage brokers says he hopes hefty fines issued against a pair of B.C. men will send a message to the public about the dangers of licensed brokers "fronting" business for unlicensed partners. In a decision issued last week, Dennis Percival Rego...

Former P.E.I. minister back in court in February in alleged fraud case

The case of a former Kensington area Presbyterian minister accused of fraud-related crimes in Ontario will next appear in court on Feb. 16. The case of Harold Alan Stewart, 67, and his co-accused was last in court on Jan. 12. The case had most recently been going...

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Romance & Relationship Fraud

Online love scams: How to spot the warning signs

March 13, 2018 (courtesy of CBC.ca) -  As romance scams continue to rake in cash from trusting British Columbians looking for love, a consumer advocate is offering advice on how to protect yourself on dating websites. "This is obviously a huge problem," said Evan...

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