Regulators are mired in several on-going investment fraud cases
Dapaah falsified more than $21 million in charitable donations
Regulator chief launches investigation
SEC alleges firm was a giant Ponzi scheme
Company distributed securities illegally, ASC alleges
Funds frozen in accounts by BCSC to be distributed
Policy holders receiving fraudulent calls from people claiming to be from their insurance company
Insurance Bureau of Canada (IBC) is warning consumers to avoid disclosing financial information over the phone after several consumers received calls from fraudsters pretending to be insurance industry representatives.“Consumers today really need to stay vigilant,” said Lindsay Olson, vp, B.C., Manitoba and Saskatchewan, in a release. “These con artists will do whatever they have to […]
Former VCE officer diverted investors’s funds for personal gain
ING Direct is offering its clients free software designed to protect against online fraud. The company says it it is the first Canadian bank to offer Trusteer Rapport.The software download is being launched today alongside a new security guarantee, which guarantees ING Direct clients will be reimbursed of any money lost in an ING Direct […]