Sandra Gale admits to breaching securities laws in selling Gold-Quest International securities
Six executives, including Canadians, face charges for operating a securities fraud and money-laundering scheme
Keith Summers fraudulently withdrew investors’ funds
Five former officers accused of lying to investors and misleading investigators by inflating the company’s assets and revenue
Investors were told that funds would be safe because they would be held in a notary trust account
Regulators allege firm and its agent engaged in fraud
Trio facing fraud charges in Alberta had argued that provincial securities law infringed on federal jurisdiction over criminal law
Sanctions and penalties to be determined
Radio infomercials drew clients to unregistered advisor
Two former Toronto residents facing fraud, theft and money laundering charges