Almost $3 million has been forfeited to Ontario’s Civil Remedies for Illicit Activities Office
The allegations relate to the sale of more than $1 million worth of securities of A4 Diamonds Inc. to Ontario investors
18-month jail sentence establishes a deterrent to others
Vernon Smith, who was sentenced to 15 months in jail last year, will make his first court appearance on Feb. 3 to address the latest allegations
Pair fined for illegal trades and distributions of Global 8, Halo Property Services and Canadian Alternative Resources securities
Approximately $1.2 million was raised from the sale of I-On securities
“Immigration-linked investment schemes” raised $6.68 million
Donald Nason banned from trading and acting as an advisor
The charges stem from the illegal sale of Locate Technologies Inc. securities
However, allegations of fraud against Yong and his two firms were not proven at the BCSC’s hearing