Ponzi scheme

Police arrest second man in alleged Ponzi scheme Fallback Image Decorative pattern

Industry

Police arrest second man in alleged Ponzi scheme

Investors were allegedly defrauded of almost $1 million

By Staff |July 17, 2019

1 min read

Charges laid in alleged Ponzi scheme Fallback Image Decorative pattern

Industry

Charges laid in alleged Ponzi scheme

Toronto police have arrested a man alleged to have defrauded investors of almost $1M

By Staff |July 15, 2019

1 min read

Man exploits Facebook IPO craze with Ponzi scheme Fallback Image Decorative pattern

Industry

Man exploits Facebook IPO craze with Ponzi scheme

The long arm of the law caught up with a phony ‘fund manager’ who defrauded investors seeking to buy stocks of social media companies including pre-IPO shares of Facebook. An investigation conducted by the Securities and Exchange Commission found a financier living in Florida fleeced investors with claims of special access to coveted social media […]

By Staff |March 19, 2013

1 min read

OSC warns investors about bogus firm Fallback Image Decorative pattern

Industry

OSC warns investors about bogus firm

The OSC is warning Ontario investors not to invest with Profitable Sunrise, which claims to be located in the United Kingdom while representing that its banking facilities are in the Czech Republic. Profitable Sunrise is offering investors “investment plans,” but it is not registered in Ontario to engage in the business of trading in securities, […]

By Staff |March 12, 2013

1 min read