Ponzi scheme – Advisor's Edge https://phoenix.advisor.ca The best news source for Canadian financial advisors. Investments, financial markets, insurance, practice management, tax and estate planning Tue, 05 Sep 2023 16:56:56 +0000 en-CA hourly 1 https://wordpress.org/?v=5.9.3 https://phoenix.advisor.ca/wp-content/uploads/sites/5/2018/05/cropped-advisor-ico-32x32.png Ponzi scheme – Advisor's Edge https://phoenix.advisor.ca 32 32 B.C. couple charged in Ponzi scheme https://phoenix.advisor.ca/news/regulation/b-c-couple-charged-in-ponzi-scheme/ Tue, 05 Sep 2023 16:56:56 +0000 https://www.advisor.ca/?p=230371 Long-running venture took in millions from investors, police allege

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]]> TD Bank to pay US$1.2 billion to settle Stanford Ponzi scheme lawsuit https://phoenix.advisor.ca/news/industry-news/td-bank-to-pay-us1-2-billion-to-settle-stanford-ponzi-scheme-lawsuit/ Mon, 27 Feb 2023 18:20:42 +0000 https://www.advisor.ca/?p=222286 The settlement comes as TD works its way through two major acquisitions in the U.S.

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]]> BMO takes $1.1 billion provision on U.S. Ponzi scheme ruling https://phoenix.advisor.ca/news/industry-news/bmo-takes-1-1-billion-provision-on-u-s-ponzi-scheme-ruling/ Wed, 09 Nov 2022 20:38:18 +0000 https://www.advisor.ca/?p=216321 Bank to appeal US$564M jury award arising from $3.65B scheme

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]]> Wall Street exec admits US$100-million fraud https://phoenix.advisor.ca/news/industry-news/wall-street-exec-admits-us100-million-fraud/ Thu, 28 Jan 2021 23:09:48 +0000 https://www.advisor.ca/?p=190822 The scheme involved mismarking, fake investments and Ponzi tactics

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]]> OSC investigation concludes QuadrigaCX was a Ponzi scheme https://phoenix.advisor.ca/news/industry-news/osc-investigation-concludes-quadrigacx-was-a-ponzi-scheme/ Thu, 11 Jun 2020 16:42:05 +0000 https://www.advisor.ca/?p=181535 In an unusual move, the regulator has released a report on its investigation of the failed trading platform

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]]> Alberta court attempts to help victims of Ponzi scheme https://phoenix.advisor.ca/news/industry-news/alberta-court-attempts-to-help-victims-of-ponzi-scheme/ Wed, 19 Feb 2020 20:44:49 +0000 https://www.advisor.ca/?p=176401 The prospect of victims recovering their investments is dim

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]]> Watch out for these investment scams in 2020 https://phoenix.advisor.ca/news/industry-news/watch-out-for-these-investment-scams-in-2020/ Mon, 23 Dec 2019 17:35:58 +0000 https://www.advisor.ca/?p=174300 Regulators urge investors to make a resolution to protect their money before ringing in the New Year

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]]> Police arrest second man in alleged Ponzi scheme https://phoenix.advisor.ca/news/industry-news/police-arrest-second-man-in-alleged-ponzi-scheme/ Wed, 17 Jul 2019 20:28:48 +0000 https://www.advisor.ca/?p=168029 Investors were allegedly defrauded of almost $1 million

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]]> Charges laid in alleged Ponzi scheme https://phoenix.advisor.ca/news/industry-news/charges-laid-in-alleged-ponzi-scheme/ Mon, 15 Jul 2019 14:53:57 +0000 https://www.advisor.ca/?p=167909 Toronto police have arrested a man alleged to have defrauded investors of almost $1M

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]]> Man exploits Facebook IPO craze with Ponzi scheme https://phoenix.advisor.ca/news/industry-news/man-exploits-facebook-ipo-craze-with-ponzi-scheme/ Tue, 19 Mar 2013 14:46:13 +0000 https://avatar.advisor.ca/uncategorized/man-exploits-facebook-ipo-craze-with-ponzi-scheme/ The long arm of the law caught up with a phony ‘fund manager’ who defrauded investors seeking to buy stocks of social media companies including pre-IPO shares of Facebook. An investigation conducted by the Securities and Exchange Commission found a financier living in Florida fleeced investors with claims of special access to coveted social media […]

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