Photo: Contributed
The British Columbia Securities Commission has accused a former registrant of committing a multimillion-dollar fraud through a group of companies he controlled and that he raised money illegally with the help of commissioned associates.
In a notice of hearing, BCSC staff allege that in the scheme the respondents, led by BC resident Thomas Arthur Williams and his Global Group of companies, raised about $11.7 million from 123 investors between February 2007 and April 2010.