Ontario government suing company accused of misappropriating millions allocated towards First Nation community.

Ontario government suing company accused of misappropriating millions allocated towards First Nation community.

The Ontario government is suing a private company accused of diverting and misappropriating money allocated towards one of Canada’s most impoverished First Nations communities. The lawsuit also states that Health Canada repeatedly renewed its contract with the company despite being under investigation by both the government and the RCMP over concerns raised about fraudulently managed funds intended for the Kashechewan First Nation. Giuseppe Crupi is one of the two brothers who’s been named in the…

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B.C. man set to appear in Vancouver court in connection with international securities fraud

B.C. man set to appear in Vancouver court in connection with international securities fraud

Colin Heatherington, a former resident of B.C., was arrested in connection with a $200-million international securities fraud investigation, appeared in court Thursday for a bail hearing in Vancouver. Heatherington was arrested by the RCMP in Port Alberni under a provisional arrest warrant filed b the United States Thom Mrozek, a spokesman for the U.S. Attorney’s Office in a statement on Wednesday. While Mrozek stated he doesn’t know if an official request for extradition has been made, it…

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Vancouver senior’s retirement savings “decimated,” by financial adviser

Vancouver senior’s retirement savings “decimated,” by financial adviser

15 years ago, Louise Field turned to Simon Jaques for financial investment advice after her father recommended him. She handed the broker at Mackie Research Capital over a million dollars stemming from an inheritance. Little did Field and her husband know, that by 2011 the account had dwindled down to just $45,000. In filling out her new client application form, Field stated she wanted him to keep her money in low and medium-risk investments. But…

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Former Olympic rower Harold Backer pleads not guilty to fraud charges

Former Olympic rower Harold Backer pleads not guilty to fraud charges

Harold Backer, an investment dealer and former Olympic rower, who went missing for nearly 18 months, has pleaded not guilty to two fraud charges. Backer was not in British Columbia provincial court during a hearing Wednesday in Victoria, but his lawyer entered the not guilty plea on his behalf. He has elected to be tried by judge alone in a trial that’s expected to last up to two weeks. Backer was charged with two counts…

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$1 million lost in James Macleod Ponzi scheme

$1 million lost in James Macleod Ponzi scheme

Friends of former High River, Alta. resident James Macleod took the stand last week to testify how the 49-year-old lost hundreds of thousands of dollars in an alleged Ponzi scheme six years ago. Nine people took the stand at Macleod’s six-day trial in a Calgary courtroom last week. One couple allegedly lost $275,000, another $175,000. Macleod was charged with theft over $5,000 and fraud over $5,000 after his alleged Ponzi scheme investment targeted residents in…

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James Harvey Cameron sentenced to 11 years in jail

James Harvey Cameron sentenced to 11 years in jail

James Harvey Cameron has been sentenced to 11 years in prison and fined over $550,000 after being found guilty of tax evasion. The former Calgary resident was convicted of tax evasion after the Canada Revenue Agency found he defrauded investors more than $2.5 million through an investment scheme. The 66-year-old was ordered to pay restitution of $1,831,700 to his victims. If he fails to pay the fine within six months, he will have to serve…

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Vancouver developer facing extradition has publication ban denied

Vancouver developer facing extradition has publication ban denied

A B.C. Supreme Court judge has dismissed a Vancouver developer’s application for a publication ban who’s facing possible extradition to the United States for fraud allegations. Mark John Chandler, a real estate developer, appeared in court on Friday for a hearing in which the US government seeks his extradition to face allegations he participated in an alleged “fraudulent scheme” involving a Los Angeles highrise condo development. The US requested Chandler’s extradition in March 2015. The…

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Lino Matteo convicted of 270 counts of securities fraud after Mount Real scheme

Lino Matteo convicted of 270 counts of securities fraud after Mount Real scheme

Lino Matteo, a Montreal businessman, was convicted of 270 counts of securities fraud on Thursday morning after scamming more than 1,300 investors. Matteo was the founder and president of investment company Mount Real, which scammed more than 1000 investors out of $130 million. Mount Real was essentially operating a Ponzi scheme, offering people between eight and 12 per cent returns on their investments. The company collapsed in 2006, and the victims who lost their life…

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Verdict in Daniel Reeve fraud trial set for October

Verdict in Daniel Reeve fraud trial set for October

The verdict in the Daniel Reeve fraud and theft trial will be delivered early this fall. Some of Reeve’s alleged victims had hoped a verdict would be delivered in June of this year and were visibly upset when they learned they would have to wait until October 13. The 57-year-old former owner of Cambridge, Ont.-based DPR Financial Inc., has pleaded not guilty to fraud over $5,000 and theft over $5,000. If convicted, he could get 14…

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BCSC panel finds that former registrant Lynne Rae Nickford committed fraud

BCSC panel finds that former registrant Lynne Rae Nickford committed fraud

A British Columbia Securities Commission (BCSC) panel has found that Lynne Rae Nickford (a.k.a. Lynne Rae Zlotnik) perpetrated fraud on 13 investors. Nickford had previously been registered as a scholarship fund salesperson from 1991 to 1993 and as a mutual fund salesperson from 1998 to 2008, but was not registered under the Securities Act during that period. She was also licensed as a life, accident and sickness insurance agent and was the sole proprietor of Lynne Zlotnik Wealth Management…

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