A Calgary-based financial advisor is facing charges in what RCMP are calling a multi-million dollar fraud and secret commission.
Following an investigation, the Alberta RCMP Integrated Market Enforcement Team (IMET) alleged 38-year-old Jeffrey Ber conducted trades in his clients’ accounts without their knowledge or consent.
Get weekly money news
MORE LOCAL NEWS: ‘Historic’ heat wave in Western Canada might not lift for days, forecasters say
IMET claims Ber downgraded some accounts, in some cases selling their blue-chip stocks to buy a publicly traded penny stock. The agency also alleges he was secretly paid to place a company’s shares into his clients’ portfolios.
- Victim of Kits stranger attack shocked to learn suspect already released
- Montreal police seek suspect, possible victims in alleged transit sexual assaults
- Calgary man facing attempted murder charges in Lethbridge sees case adjourned until next month
- Edmonton traffic stop leads to extortion-related arrest
Ber is charged with two counts of fraud over $5,000 and one count of secret commission.
He’s set to appear in Calgary provincial court on July 19.
Comments
Comments closed.
Due to the sensitive and/or legal subject matter of some of the content on globalnews.ca, we reserve the ability to disable comments from time to time.
Please see our Commenting Policy for more.