Local investors lose $3.7M, Waterloo man of CJC Investments charged

Local investors lose $3.7M, Waterloo man of CJC Investments charged

A 52-year-old man, who ran Waterloo-based CJC Investments, has been charged with fraud and money laundering after allegedly defrauding 14 people of $3.7 million. The man ran the the investment firm from 2006 to 2014 and police said he sold securities to privately-traded companies in Canada and the United States at inflated share prices. Neither the man nor his company were registered with the Ontario Securities Commission, a regulatory body that oversees this kind of trading. An…

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Constantinos Mathios, Waterloo man accused in multi-million-dollar fraud case

Constantinos Mathios, Waterloo man accused in multi-million-dollar fraud case

Constantinos Mathios, a 52-year-old Waterloo man is accused of defrauding 14 businesses out of $3.7 million. Waterloo Regional Police say the man ran an investment firm from 2006 to 2014. During that time, they allege, the man sold securities at inflated prices – and redirected some of the money from where his clients believed it was going. According to police, victims have been identified in both Canada and the United States. Police also allege that…

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Vancouver man, Won Sang Shen Cho, charged with illegally selling shares

Vancouver man, Won Sang Shen Cho, charged with illegally selling shares

A Vancouver man, Won Sang Shen Cho, is charged with illegally soliciting $270,000 from investors in contravention of a 2013 order from the B.C. Securities Commission. The commission says Won Sang Shen Cho (also known as Craig Cho, Kevin Kim and Jae Hoon Kim) is alleged to have “published advertisements throughout Canada and the U.S. offering to sell shares in online gambling and sports betting businesses” in 2015 and 2016. “In doing so, it is alleged…

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Calgary man, Ryan Steve Magee, sentenced to eight years in American prison for fraud

Calgary man, Ryan Steve Magee, sentenced to eight years in American prison for fraud

Ryan Steve Magee from Calgary was sentenced last week by an American judge to 97 months in prison and ordered to pay $2.3 million in restitution for a massive investment fraud. The 34-year-old plead guilty to one count of wire fraud in the Northern District of Texas. “According to plea documents filed in his case, Magee was a business man and an active day trader in the U.S. stock market,” a news release said. “Beginning…

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2 mortgage investment corporations facing fraud allegations: BCSC

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…

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Investment fraudster Steven Vincent Weeres hatching new schemes while on parole

Investment fraudster Steven Vincent Weeres hatching new schemes while on parole

Before investment schemer/dreamer Steven Vincent Weeres was sentenced, he had one last sales pitch — urging the judge to cut him some slack so he could recoup his victims’ losses by peddling the same product that got him in trouble. “That window of opportunity will certainly be gone if I’m incarcerated for a lengthy period of time,” a confident Weeres told a dumbfounded Justice Janet McMurtry back in 2015. His Master Keys to Success software…

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Stephen James Evanson fraud trial adjourned

Stephen James Evanson fraud trial adjourned

A Stirling, Alta. man facing charges in a money-laundering scheme has had his case adjourned yet again. The case against 36-year-old Stephen James Evanson was pushed back to July 10 after a series of delays. Evanson, who was previously released on a recognizance, is charged with fraud over $5,000 and money laundering. Police said that in October 2016 they responded to a report of possible fraud at Schwartz Reliance Insurance after an employee noted discrepancies in…

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Former mortgage broker Dennis Khanna facing more fraud charges

Former mortgage broker Dennis Khanna facing more fraud charges

A former mortgage broker from Hamilton, Ont. who is already facing sexual assault and numerous fraud-related charges is now dealing with two new counts. Dennis (Dinesh) Khanna was charged with two additional counts of fraud over $5,000 last week. He is also accused of charging a criminal rate of interest. The new fraud charges come amid an ongoing investigation involving multiple agencies and police services into his business practices. The Financial Services Tribunal announced in…

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Thornhill man defrauded eHarmony matches

Thornhill man defrauded eHarmony matches

Toronto police fraud investigators say a 49-year-old man is in custody after allegedly taking money from romantic partners he met on the online dating site eHarmony and using it for his own purpose. Police say the man used an alias when he signed up for the site and started reaching out to potential victims. He allegedly told his matches that he could manage their money for them, but instead used it to “fund his own…

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Verdict still months away in protracted Daniel P. Reeve trial

Verdict still months away in protracted Daniel P. Reeve trial

Many of the alleged victims in the fraud and theft trial of Daniel P. Reeve were visibly upset Monday when they learned they will have to wait another four months before they get a verdict in the protracted trial. “It’s just so frustrating,” said Caren Smith, when Justice Toni Skarica said he would deliver his verdict in October, “this should already have been long done.” Reeve, the former owner of Cambridge, Ont.-based DFR Financial Inc.,…

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