- Two suspects are wanted in connection with a $11,000 credit card fraud in Vaughan
- Stirling man who pleaded guility to one count of fraud over $5,000 won't face sentencing until May, 2018.
- A Calgary man and self-proclaimed billionaire has been charged with fraud after promising millions to B.C junior hockey team
- SNC Lavalin reaches agreement to repay Quebec municipalities for contracts obtained through fraudulent tactics
- RCMP charged two Brampton residents with defrauding Employment and Social Development Canada/Service Canada
Ontario’s securities watchdog approved a settlement on Wednesday with Home Capital Group Inc. and three former executives who failed to tell investors quickly and completely about fraudulent activity by some mortgage brokers associated with the alternative lender.
As a result of the settlement, about $11 million could flow through the Ontario Securities Commission (OSC) to shareholders covered by a related class action suit that’s awaiting court approval.
The agreement is conditional on the Ontario Superior Court accepting a settlement worth about $29.5 million including the money available through the OSC process.
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