NORTH BATTLEFORD, Sask. – A Saskatchewan woman has been charged after investors were allegedly cheated out of hundreds of thousands of dollars over a seven year period.
Adele Kaminsky of North Battleford, Sask. is charged with fraud over $5,000, fraud under $5,000, laundering the proceeds of crime and possessions of the proceeds of crime following an investigation by the RCMP integrated organized crime unit.
The Financial and Consumers Affairs Authority of Saskatchewan (FCAA) launched an investigation in Kaminsky last year.
FCAA allege Kaminsky sold investments through her company AK Financial Planning Services to investors in a company called Enviro-Can Private Placement and then placed the funds in her own accounts for personal use.
It is also alleged she was trading in foreign currency when not registered to do so.
The file was turned over to the RCMP, who say they found money had been fraudulently solicited from investors between May 1, 2006 and Feb. 28, 2013.
Kaminsky has been released from custody and is scheduled to be in North Battleford provincial court on July 7.