BMO to take billion-dollar charge after losing Ponzi lawsuit in US

BMO to take billion-dollar charge after losing Ponzi lawsuit in US

People cross the street in front of the Bank of Montreal building in Toronto on Tuesday Aug. 29, 2017. Bank of Montreal is cutting jobs in its capital markets division.THE CANADIAN PRESS/Doug IvesDoug Ives/The Canadian Press A jury in a Minnesota bankruptcy court has found the US arm of Bank of Montreal BMO-T liable for … Read more

How a BC business owner lost over $12,000 despite having bank check authenticity of bank draft

How a BC business owner lost over ,000 despite having bank check authenticity of bank draft

A BC business owner is warning others after he received a fraudulent bank draft and lost thousands of dollars in merchandise despite having the issuing bank check the draft’s authenticity. “For them to take it in hand and look it up and verify it and give me the green light that just blows me away,” … Read more

North Vancouver RCMP release photos of alleged lease scammer – BC

North Vancouver RCMP release photos of alleged lease scammer – BC

North Vancouver RCMP has released photos of a suspect in a bail scam that cost an senior “a large sum of money.” Mounties said the woman was targeted on Sept. 8, when the scammer contacted her claiming that one of her loved ones was in jail and needed to be bailed out. Investigators say the … Read more

Trump, adult children sued by New York Attorney-General for fraud

Trump, adult children sued by New York Attorney-General for fraud

Donald Trump along with his children Eric, Ivanka and Donald Jr. at a press conference at Trump Tower in New York, on Jan. 11, 2017.TIMOTHY A. CLARY/AFP/Getty Images New York’s attorney-general sued former president Donald Trump and his company for fraud on Wednesday, alleging they padded his net worth by billions of dollars by lying … Read more

‘I took every precaution’: Elaborate rental scam leaves student $2,000 poorer — and without a place to stay

‘I took every precaution’: Elaborate rental scam leaves student ,000 poorer — and without a place to stay

Waterloo police are investigating reports of a rental scam that has left three students out thousands of dollars and at least one with nowhere to live next month — one example of a growing fraud problem across the country amid spiking rental demand. One of the students, Armina Soleymani, told the Star she was robbed … Read more

Beleaguered crypto lender Celsius files for Chapter 11 bankruptcy

Beleaguered crypto lender Celsius files for Chapter 11 bankruptcy

Calling it a “a defining moment,” embattled crypto lender Celsius Networks has filed for Chapter 11 bankruptcy protection. In a statement late Wednesday, Celsius co-founder and Chief Executive Alex Mashinsky said the filing in US Bankruptcy Court for the Southern District of New York “is the right decision for our community and company.” “I am … Read more

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

Surrey cop charged for allegedly using position to get contact information for dates

Surrey cop charged for allegedly using position to get contact information for dates

A Surrey RCMP officer is facing multiple criminal charges over allegations he abused his position to get contact information for women he was interested in pursuing. The BC Prosecution Service said Wednesday Cpl. Peter Leckie was charged with seven counts of breach of trust and two counts of computer fraud for alleged misconduct involving three … Read more

Tuesday’s analyst upgrades and downgrades

Tuesday’s analyst upgrades and downgrades

Inside the Market’s roundup of some of today’s key analyst actions Scotia Capital analyst George Doumet thinks the Street is not giving “reasonable value” to the expanding Investment Management business of Colliers International Group Inc. (CIGI-Q, CIGI-T), which he believes is “big enough at this point.” In a research note released Tuesday, he said investors … Read more

It ‘didn’t cross my mind’ Trudeau could have been investigated for fraud over Aga Khan trip, former ethics commissioner says

It ‘didn’t cross my mind’ Trudeau could have been investigated for fraud over Aga Khan trip, former ethics commissioner says

Mary Dawson appears before the House of Commons Access to Information, Privacy and Ethics committee in Ottawa, on Jan. 10, 2018.Adrian Wyld/The Canadian Press Mary Dawson said she never thought of calling in the RCMP to investigate Prime Minister Justin Trudeau for fraud when she ruled as the then-federal ethics commissioner that he had broken … Read more