Fraud

SEC charges advisor in $74 million fraud

Brian Raymond Callahan, a New York-based investment advisor, snagged more than $74 million from at least 24 investors over the past seven years.

March 8, 2012

1 min read

Industry

RBC offers $17 million to Earl Jones victims

RBC has reached a settlement agreement in a class action suit against the bank, launched by the victims of Earl Jones.

March 6, 2012

1 min read

Industry

Bogus priest scams elderly nuns

The FBI recently indicted 54-year-old Adriano Sotomayor from New Jersey for allegations that he impersonated a Catholic priest and ran a scam against an elderly nun and her sisters for two years.

By Staff |February 29, 2012

1 min read

Industry

Canadians under-rate fraud risk

Victims of financial fraud often approach law-enforcement authorities, financial institutions and credit rating bureaus. However, few think of turning to the one person who’s responsible for their financial well-being: the advisor.

By Vikram Barhat |February 27, 2012

2 min read

Fraud in dental and other professional offices

Your business-owner clients may be at risk. Instances of fraud and misconduct happen in every industry or business sector. Many perpetrators target professional practices, particularly dental offices.

5 min read

’Tis the season for charity scams

As the holiday season rolls around, many Canadians get in touch with their generous side. It is also the time when charities hope to tap into the season’s giving spirit and boost their coffers before the end of the year. A recent BMO Harris Private Banking survey showed almost 70% participants plan on donating a […]

By Vikram Barhat |December 22, 2011

3 min read

When to blow the whistle

Swiss banker Bradley Birkenfeld joined UBS in 2001. Four years later, Birkenfeld realized that UBS’s practice of storing money for American clients in Swiss bank accounts was illegal. Birkenfeld voiced his concern to his supervisors and UBS’s compliance and legal departments. Since he didn’t receive a response, in 2007 Birkenfeld left UBS and complained to the IRS and SEC, triggering a multibillion-dollar international tax-fraud scandal.

3 min read

Fraud

SEC charges advisor in $74 million fraud

RBC offers $17 million to Earl Jones victims

Bogus priest scams elderly nuns

Canadians under-rate fraud risk

Fraud in dental and other professional offices

’Tis the season for charity scams

Another one bites the dust in Madoff saga

Biggest investment scams

Monitor related-party transactions to shield clients

When to blow the whistle