A United States federal court ordered Perry Santillo to pay US$103 million in restitution. Some clients suffered six-figure losses as money from new investors went to repay earlier investors
The former Alberta resident operated a Ponzi scheme through his Ontario business
Regulator says scheme took $2 million from investors
The former rep was also ordered to pay a $500,000 fine for securities violations
Scams, theft and crypto laundering rise, Chainalysis reports
Man who ran forex fraud scheme from the U.K. gets six years in prison
Alberta appeal court finds ASC sanction doesn't survive bankruptcy
The three-year term followed a guilty plea
The OSC successfully prosecuted two men for fraud and unregistered trading
Ottawa-area couple convicted on quasi-criminal charges brought by the OSC