2 mortgage investment corporations facing fraud allegations: BCSC

The B.C. Securities Commission (BCSC) is accusing three B.C. men and two mortgage investment corporations of bilking 40 people of approximately $1.1 million dollars over a two-year period.

In a notice of hearing, the BCSC alleges Donald Bruce Edward Wilson, David Scott Wright and Patrick K. Prinster committed fraud between June 2011 and August 2013.

The notice says the trio operated DominionGrand II Mortgage Investment Corporation (DG Mortgage) and DominionGrand Investment Fund Inc. (DG Fund), which held themselves out as mortgage investment corporations.

Read more at CBC News

This article is summarized by Canadian Fraud News Inc.

Kayla Kuefler is the head writer and social media producer at Canadian Fraud News. Kayla was born-and-raised in Edmonton, Alberta and moved to Toronto in 2013 to pursue her Bachelor of Journalism at Ryerson University. Kayla has previously interned at Global News Edmonton, Global News Toronto and CBC News in London, England.

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