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. […]
The U.S. Securities Investor Protection Corp. (SIPC) today cautioned investors about a new identity theft scam designed to extract confidential information and cash from unwary individuals. The SIPC help investors at failed U.S. brokerage firms.SIPC officials said they are investigating phony emails sent by a supposed “senior investment advisor” claiming to act for an actual […]
Canadian seniors lose $6 million annually to fraudulent marketing and financial scams
A former B.C. mutual fund dealer is facing fraud charges in a scheme that police say cost investors $10 million.The Vancouver Integrated Market Enforcement Team (IMET), Victoria police and the FBI have formally charged Ian Thow with 25 counts of fraud over $5,000.IMET began investigating Thow in the summer of 2005 after complaints were lodged […]
Ex-CEO Dunn charged with fraud
U.S. regulators and law enforcement brought charges against two former portfolio managers from Bear Stearns Asset Management over the collapse of their hedge funds last summer.The US Securities and Exchange Commission charged the fund managers with misleading investors about the financial state of the firm’s two largest hedge funds, and their exposure to subprime mortgage-backed […]