Insurance Bureau of Canada (IBC) is warning consumers to avoid disclosing financial information over the phone after several consumers received calls from fraudsters pretending to be insurance industry representatives.“Consumers today really need to stay vigilant,” said Lindsay Olson, vp, B.C., Manitoba and Saskatchewan, in a release. “These con artists will do whatever they have to […]
Former VCE officer diverted investors’s funds for personal gain
ING Direct is offering its clients free software designed to protect against online fraud. The company says it it is the first Canadian bank to offer Trusteer Rapport.The software download is being launched today alongside a new security guarantee, which guarantees ING Direct clients will be reimbursed of any money lost in an ING Direct […]
Former Wall Street brokers charge US$1 billion subprime-related securities fraud
Regulator orders Eustace to pay more than US$279 million in restitution
TTI investment promised a return of 40% in four months
The U.S. Commodity Futures Trading Commission today announced the formation of a special task force charged with investigating and litigating fraud in the off-exchange retail foreign currency market.The creation of the task force within the CFTC’s Division of Enforcement comes following Congress passing legislation that clarified and strengthened the CFTC’s jurisdiction over this market. The […]
Fraudulent scheme is being perpetrated by a man barred from Ontario’s securities markets
Alleged Ponzi scheme fleeced 900 U.S. investors
What should have been a celebratory occasion for the RCMP integrated market enforcement team in Vancouver has become a growing embarrassment.On June 9, B.C. Crown prosecutors — after a three-year investigation by the Vancouver IMET — charged Ian Thow, former senior vice president of Berkshire Investment Group Inc. in Victoria, with 25 counts of fraud. […]