Toronto police lay nearly 100 charges against man after fraud investigation

Toronto police lay nearly 100 charges against man after fraud investigation

Toronto police say a man who allegedly defrauded multiple people over 11 months is now facing nearly 100 charges. Police say the 22-year-old man was arrested Monday and is facing 97 charges, including 29 counts of fraud over $5,000 and 30 counts of causing another person to act on a forged document. Police allege the … Read more

Founders of mortgage investment firm Fortress Real Developments Inc. charged with fraud

Founders of mortgage investment firm Fortress Real Developments Inc. charged with fraud

Vince Petrozza, chief operating officer of Fortress Real Developments, leaves the company offices in Richmond Hill, Ont., in 2017.CHRIS HELGREN/Reuters The co-founders of the failed Fortress Real Developments Inc., one of the first Canadian companies to offer higher risk, syndicated mortgage products to retail investors, have been charged with fraud. Jawad Rathore, Fortress’s former chief … Read more

Former PI Financial owner Gary Ng receives $5-million fine and a permanent ban from working in securities industry

Former PI Financial owner Gary Ng receives -million fine and a permanent ban from working in securities industry

Gary Ng, the former owner of PI Financial Corp. and a former co-owner of Bridging Finance Inc., has received a $5-million fine and a permanent ban from working in the securities industry after a regulatory panel found he engaged in fraudulent conduct with loans he used to finance the purchase of several investment advisory companies. … Read more

Ontario MPP Randy Hillier released on bail, faces criminal charges over convoy involvement

Ontario MPP Randy Hillier released on bail, faces criminal charges over convoy involvement

Ontario MPP Randy Hillier outside the Ottawa Police Services headquarters on March 28.Adrian Wyld/The Canadian Press Ontario MPP Randy Hillier was released on bail on Monday after he was charged for his involvement in demonstrations that brought downtown Ottawa to a standstill this winter. Mr. Hillier, who represents Lanark-Frontenac-Kingston as an independent in the Ontario … Read more