Company reviewing regulator's complaint
Regulator moves to preempt spread of alleged Ponzi scheme to Quebec
Scheme targeted Chinese-American community
Garth Drabinsky and Myron Gottlieb, co-founders of now now-defunct theatrical production company Livent Inc., have been convicted on fraud and forgery charges.Justice Mary Lou Benotto of Ontario Superior Court in Toronto ruled Wednesday that Drabinsky and Gottlieb were guilty of fraud and forgery in their running of Livent in the mid-1990s.Prosecutors had maintained that Drabinsky […]
As part of Fraud Awareness Month, the Alberta Securities Commission (ASC) has launched a number of new online resources to help investors avoid investment fraud and make informed and responsible investing decisions.“Who’s Taking Care of Your Money?” is a new online learning tool designed to help investors explore key questions when considering an investment opportunity. […]
Wellspring and Springpay bilked investors out of $570,000
Advisors have an important role to play in informing clients
The U.S. Securities and Exchange Commission is warning investors and financial services firms about con-artists who may use the names of actual SEC employees to mislead potential victims.The SEC said Monday that investors in the U.S. and other countries have been tricked into revealing private information, giving fraudsters access to their brokerage accounts, and even […]
Advisors sold investment by promising “improbable and unsubstantiated high interest rates”, regulator alleges
Hedge fund alleged victim of Madoff