Ponzi Scheme

• B.C. woman ordered to pay over half a million dollars over real estate ‘Ponzi scheme’

  The B.C. Securities Commission (BCSC) has ordered Cherie Evangeline White and her company Kingdom Investments to pay $626,000 in financial sanctions.

  Crime

  Apr 15
  
• Man and woman facing 80 charges in relation to $7.8M real estate Ponzi scheme in Alberta, B.C.

  The alleged Ponzi scheme operated out of Kelowna, B.C., and Edmonton for 12 years, according to police.

  Crime

  Aug 30, 2023
  
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• TD Bank to pay US$1.2B in Stanford Financial Ponzi scheme settlement

  TD Bank Group says it will settle a lawsuit in connection with a multi-year Ponzi scheme operated by the Stanford Financial Group.

  Money

  Feb 27, 2023
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• Crown seeks up to 12 years for Calgary man involved in multimillion-dollar fraud

  Arnold Breitkreutz, 74, was convicted on June 29 of fraud over $5,000 for what the Crown described as a multimillion-dollar scheme.

  Crime

  Aug 17, 2022
• Bernie Madoff dies in prison at age 82

  Madoff admitted to swindling thousands of clients out of billions of dollars in investments over decades.

  World

  Apr 14, 2021
• Alberta RCMP charge husband, wife in alleged multi-million-dollar Ponzi scheme

  The RCMP investigation probed several companies operated by the husband and wife, including Vesta Capcorp Inc. and Vesta Equity Partners of Calgary.

  Canada

  Mar 23, 2021
• Burlington man charged in $1.3 million Ponzi scheme: police

  Halton Regional Police say a three-year investigation revealed a number of victims who believed they were investing in a legitimate stock market investment program.

  Crime

  Nov 19, 2020
• Ontario man returned to Canada to face charges in $56M debit terminal Ponzi scheme

  Ontario's Serious Fraud Office says the scheme started in 2012 in Barrie, Ont., and that more than 500 known victims suffered losses of more than $24 million.

  Crime

  Sep 14, 2020
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• Second man arrested in alleged Ponzi scheme that took in nearly $1 million: Toronto police

  Police allege the second suspect is a 74-year-old man who worked with a 66-year-old portraying himself as an investor on social media between 2009 and 2017 taking nearly $1 million.

  Crime

  Jul 17, 2019
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• Toronto police arrest man in connection to alleged Ponzi scheme that took in nearly $1 million

  Police say the man allegedly persuaded people to provide up to $500,000 in what he said would be an investment into companies he worked for or owned.

  Crime

  Jul 13, 2019