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Frauds reported in the media – Week of October 3rd

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Former Concrete Equities exec pleads guilty in $20M-plus fraud

By: CBC News
Edited by: Investigation Counsel
Date: October 1, 2016

A former Concrete Equities executive charged with fraud and theft after bilking 1,200 investors out of more than $20 million has pleaded guilty to his role in the scam but will not likely spend any time behind bars. Varun Aurora, 33, pleaded guilty to one charge of fraud over $5,000 on Friday afternoon while the other charges were dropped.

Traumatized victims in the courtroom

The Calgary courtroom was packed with dozens of Aurora’s victims, some of whom at times throughout the hearing could be heard crying. Many of his victims reported having to work more years before being able to retire. Some said they felt traumatized and some felt suicidal.

Read the full article CBC News.
Read more at Canadian Fraud News Inc.

Day parole for man who committed banking, investment fraud

By: Kings County News
Edited by: Investigation Counsel
Date: October 2, 2016

A man sentenced to federal time in February for defrauding the Royal Bank and private investors of millions has been granted day parole. Gregory Paul Burden, 66, of Port Williams, pleaded guilty in April 2015 to three counts of fraud over $5,000. Burden owned two companies, Advance Commission Company of Canada and Capstan Management Ltd., which were involved in the scheme.

Read the full article at Kings County News.
Read more at Canadian Fraud News Inc.

Irish-accented contractors in alleged paving scam arrested

By: The Ottawa Citizen
Edited by: Investigation Counsel
Date: October 3, 2016

Four people have been arrested and ordered removed from Canada after police warned the public about an alleged paving scam involving suspects with Irish accents. The foreign nationals were arrested and $70,000 in cash was seized after investigators from the Canada Border Services Agency and Ottawa police’s fraud unit teamed up to arrest the quartet on September 24. The police described the “salesmen” as young Caucasian men who spoke with an Irish accent.

Read the full article at The Ottawa Citizen.
Read more at Canadian Fraud News Inc.

Self-described millionaire found beaten in Brampton ditch charged with fraud

By: CBC News
Edited by: Investigation Counsel
Date: October 4, 2016

A self-described millionaire and business coach found beaten and half-naked in a Brampton, Ont., ditch earlier this year has been charged with fraud, CBC News has confirmed. Reza Mokhtarian has been charged with one count of fraud against the public over $5,000 in connection with an alleged breach of the Criminal Code between July 1, 2013, and Dec. 31, 2015, the Ontario Securities Commission said in a release Friday. He is due in court in Toronto on Oct. 26.

Read the full article at CBC News.
Read more at Canadian Fraud News Inc.

Cheque cashing scam costs Vancouver man more than $30K

By: CTV News
Edited by: Investigation Counsel
Date: October 4, 2016

A Vancouver man is speaking out after he got caught up in a cheque cashing scam and thought his bank had procedures in place to protect him. Trevor Chan received a message on LinkedIn in 2014 from what he thought was a legitimate Japanese company. He was asked to collect money from the company’s clients in Canada and then transfer the funds to Japan. The company had a website, and Chan was even mailed a contract with a stamped seal.

Read the full article at CTV News.
Read more at Canadian Fraud News Inc.

Winnipeg man faces fraud charges in international online ad scam

By: CBC News
Edited by: Investigation Counsel
Date: October 4, 2016

A Winnipeg man faces dozens of fraud-related charges after more than 50 people from across North America and Europe said they were scammed through online ads. The victims lost a total of $230,000 through the alleged scams. None of the money has been recovered to date, says the Winnipeg Police Service.

Mass marketing fraud scheme: romance, employment and rental advertisements

Commercial crime investigators had identified an “active mass marketing fraud scheme” involving romance, employment and rental advertisements starting in March.

Read the full article at CBC News.
Read more at Canadian Fraud News Inc.

Canadian government claims residential school lawyer committed fraud over fees

By: CBC News
Edited by: Investigation Counsel
Date: October 5, 2016

The Canadian government says a law firm that represented thousands of residential school survivors should have to pay back legal fees because it inflated its billings. Arguments were made today in the Saskatchewan Court of Appeal, where lawyers for the Canada’s attorney general accused the Merchant Law Group of fraud, deceit and fraudulent misrepresentation.

Read the full article at CBC News.
Read more at Canadian Fraud News Inc.

Come By Chance refinery director ordered to pay US$5.25M for ‘fraudulent’ fuel trades at prior job

By: CBC News
Edited by: Investigation Counsel
Date: October 6, 2016

A senior official linked to the Come By Chance oil refinery in Newfoundland is facing a multi-million-dollar penalty for “unlawful” energy trades during his tenure at a previous job working as an airline industry executive in the United States. Last week, the U.S. Commodity Futures Trading Commission (CFTC) issued an order against Jon Ruggles for “engaging in fraudulent, fictitious, and noncompetitive trades in crude oil and heating oil futures and options.”

Read the full article at CBC News.
Read more at Canadian Fraud News Inc.

Female personal support worker in Sudbury charged with 23 fraud offences

By: CBC News
Edited by: Investigation Counsel
Date: October 6, 2016

Greater Sudbury Police have charged a female personal support worker with 23 fraud-related offences following a complaint from a senior citizen in the city. In a written release Wednesday, police explained that in August and September of 2016, they received two complaints from an elderly man. He told them that on two separate occasions, his credit cards were stolen and used to conduct a number of fraudulent transactions worth over $1,600.

Read the full article at CBC News.
Read more at Canadian Fraud News Inc.

Selected articles by Canadian Fraud News:

Could the National Do Not Call List reduce phone scams in Canada?

Examinations under oath in case of insurance fraud

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