Funds frozen in accounts by BCSC to be distributed
An executive at a U.S.-based investment scheme that also targeted Canadians pled guilty to conspiracy charges, the U.S. Federal Bureau of Investigation announced Tuesday.The FBI said that Preston Pinkett, III, 68, of Alexandria, Virginia, pled guilty to conspiracy to commit mail fraud relating to an investment scheme in the United States and Canada.According to the […]
More than 400 charges have been laid against a foursome who allegedly fleeced celebrities
“Crown Revenue Distributions” being promoted through an Internet newsletter
Interactive DVD shows negative consequences of falling victim to a scam
The Alberta Securities Commission (ASC) is urging Albertans to “Check First” before they make a decision about where to invest their income tax refunds.During the month after the tax filing deadline, many companies start to promote investment opportunities, encouraging investors to use income tax refunds to “start early this year”. The ASC reminds investors to […]
Men are more likely to have been defrauded more than once
Regulator alleges Gold-Quest International ran US$27 million Ponzi scheme
The U.S. Securities and Exchange Commission announced the launch of its latest offensive targeting online boiler rooms, cold calls, and other potentially fraudulent financial solicitations.The SEC’s initiative is called “PAUSE” for Public Alert: Unregistered Soliciting Entities. The SEC is providing investors with information that it has received from investor complaints and other sources, including foreign […]
Communication and co-operation between Ontario and British Columbia securities regulators and their counterparts in Britain have led to unusual success in a recent stock swindle that crossed various jurisdictions. About 160 people in Britain who bought fraudulent mining shares are getting back 90% of the $2.5 million they collectively lost after being fleeced by boiler-room […]