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

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 in Canada’s anti-money laundering regime and address shortcomings pointed out by an international watchdog. Virtual currencies, such as Bitcoin, are increasingly being used to commit fraud and cybercrime and to buy illicit goods and services in the…

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Ex-MP received ‘secret’ cut of $12.4M deal in resort town run by his sister, OPP probe alleges

Ex-MP received ‘secret’ cut of $12.4M deal in resort town run by his sister, OPP probe alleges

Unsealed police documents from 2014 allege fraud and breach of trust involving Collingwood town hall June 19, 2018 ( Courtesy of CBC.ca) – A former Liberal MP may have used his connections with municipal officials in a popular vacation town northwest of Toronto — including his sister, the mayor — to secure a $756,000 consulting fee that was hidden from taxpayers, police documents obtained by CBC News reveal. Details of the payment are contained in Ontario…

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Canadian Armed Forces’ Chief Military Judge faces new fraud charges

Canadian Armed Forces’ Chief Military Judge faces new fraud charges

June 13, 2018 (courtesy of CTVnews.ca ) –  A special prosecutor has decided to proceed with previously announced charges against Canadian Armed Forces’ Chief Military Judge Col. Mario Dutil and has added new charges to the list for court martial. Independent Special Prosecutor Lt.-Col. Mark Poland said Monday that he had completed a review of charges laid earlier this year and determined that additional charges were warranted. Poland said the charges now include: One count…

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Former Superior North Catholic School Board director of education charged with fraud

Former Superior North Catholic School Board director of education charged with fraud

May 31, 2018 (Courtesy Of CBC.ca) –  The former Director of Education at the Superior North Catholic District School Board, along with her husband, who was a senior manager, face fraud and breach of trust charges. OPP said 57-year-old Mary Alexa McKinnon and 55-year-old Rodney McKinnon were both charged, after a complaint was launched in February 2018 by representatives of the board. Mary Alexa McKinnon was the board’s Director of Education, while Rodney McKinnon was the board’s Supervisor of…

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Solar panel business owner changes pleas to guilty in fraud case

Solar panel business owner changes pleas to guilty in fraud case

May 15, 2018 (courtesy of CBC.ca) – A Dartmouth businessman has changed his plea to guilty on two counts of fraud in a case in which several customers claim they lost thousands of dollars when they paid for solar panels that were never delivered. Barry Pincock, 51, of Lakecrest Drive, changed his pleas Friday in Halifax provincial court. The Crown offered no evidence on a third count of fraud and that charge was dismissed. A judge has ordered…

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Kitchener man charged with multiple fraud, identity theft offences

Kitchener man charged with multiple fraud, identity theft offences

May 15, 2018 (Courtesy of CBC.ca) – A Kitchener man has been charged with multiple fraud and identity theft offences following what police are calling a complex investigation in various Ontario communities. In July 2017, the Anishinabek Police Service in Parry Sound contacted the Ontario Provincial Police about a fraud investigation involving a man who was wanted on multiple arrest warrants. As a result of the OPP’s investigation, 42-year-old Vincenzo Salvatore Kevan Jeffrey Beaucage was charged…

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More than 100 people defrauded of $6 million in securities scam, RCMP say

More than 100 people defrauded of $6 million in securities scam, RCMP say

May 1, 2018 (Courtesy of the Canadian Press)- The Royal Canadian Mounted Police say a Toronto man is charged with defrauding more than 100 people across the country of more than $6 million. The Mounties say the investigation began in April 2017 when a London, Ont., resident alerted police to an elaborate $1-million fraud scheme based on fraudulent securities and options trades. Police allege the suspect used aliases and forged sales receipts to lure the victim…

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JSOT criminally charges David Del Bianco with fraud and money laundering

JSOT criminally charges David Del Bianco with fraud and money laundering

April 27,2018 (Courtesy of Alberta Securities Commission) – The Alberta Securities Commission (ASC) and the Alberta RCMP announced today that David Del Bianco of Calgary, Alberta has been charged with offences under the Criminal Code, following an investigation by the Joint Serious Offences Team (JSOT). Del Bianco has been criminally charged with one count of fraud contrary to section 380(1)(a) and one count of money laundering contrary to section 462.31. It is alleged that Del Bianco fraudulently raised approximately $500,000 from more than 40 different investors…

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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

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 clients on Wednesday saying it is surrendering its mortgage brokerage licence and suspending all business operations. “Several recent developments have negatively impacted our business,” the company said in the unsigned letter. “Recent police activities…

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Alberta pharmacists facing fraud trial plead guilty to taking $300,000 worth in secret commissions

Alberta pharmacists facing fraud trial plead guilty to taking $300,000 worth in secret commissions

Under Co-op policy, incentives are the property of the store, but between 2010 and 2015, the two pharmacists accepted gift cards and paid travel without telling their employer April 25, 2018 (Courtesy of nationalpost.com) –  Two pharmacists in southern Alberta have pleaded guilty to taking secret commissions valued at more than $300,000. Evan King and Kathryn Kaiser were each given an 18-month conditional sentence when they appeared in provincial court in Medicine Hat on Monday. The…

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