- P.E.I minister to stand trial in Ontario on fraud and theft-related charges
- Travel agent, Leslie Glauser of T&T Travel, pleads guilty to one count of fraud $5,000
- Ex-husband forged documents to hide millions in B.C. divorce case
- Bluewater Power Warns Of Door-To-Door Scam in the Sarnia-Lambton area
- New bill bans scalper bots in Ontario, although the ticket industry warns that fans might be at a disadvantage
A U.S. jury convicted Martin Shkreli, the brash former drug company and hedge fund executive, on Friday of defrauding investors in hedge funds he ran years before he gained fame for jacking up the price of a drug.
Jurors in U.S. District Court in Brooklyn found Shkreli guilty of two counts of securities fraud and one count of conspiracy. But they acquitted him of five conspiracy counts, including conspiracy to steal from his old drug company, Retrophin Inc.
Securities fraud carries a maximum sentence of 20 years in prison, though defendants in such cases rarely receive the maximum sentence.
Federal prosecutors had accused the 34-year-old New Yorker of lying to investors in the funds and looting Retrophin to pay them back.
Read more at The Globe and Mail