Tuesday, March 3rd-9.7°C
25405
23829

RCMP seeking two men in alleged $1.5M investment scam

TORONTO - The RCMP is looking for two men after it says more than 160 Canadians lost $1.5 million in an alleged investment scam.

Investigators say people in Saskatchewan, Manitoba, Ontario and Alberta were enticed to invest money through BHF Waste Management Limited Partnership in Barrie, Ont., between 2006 and 2008.

Police say the investors thought they were buying mining rights from a business in Montana, but were actually paying an inflated price to a shell company registered in St. Kitts and Nevis, and money was being funnelled to two offshore bank accounts in the Bahamas.

The RCMP says several people benefited from the laundered money or were paid wages from investor funds.

Police have arrest warrants out for Douglas Scott, 66, of both Toronto and Cranbook, B.C., and Claude Taillefer, 63, of Shanty Bay, Ont., near Barrie.

The RCMP has charged the pair with fraud over $5,000, fraud by false pretence, conspiracy to commit fraud, money laundering, possession of property obtained by crime and participating in a criminal organization.

The Canadian Press


Read more Business News

24500


Recent Trending




Today's Market
S&P TSX15264.05+29.71
S&P CDNX704.30-2.43
DJIA18288.63+155.93
Nasdaq5008.096+44.568
S&P 5002117.39+12.89
CDN Dollar0.7994+0.0019
Gold1220.40+7.80
Oil51.59-0.55
Lumber298.40-1.10
Natural Gas2.699-0.035

 
Okanagan Companies
Pacific Safety0.135+0.015
Knighthawk0.010.00
QHR Technologies Inc1.60+0.05
Cantex0.035-0.005
Anavex Life Sciences0.18-0.01
Metalex Ventures0.045+0.01
Russel Metals25.54+0.16
Copper Mountain Mining1.29-0.01
Colorado Resources0.135-0.015
ReliaBrand Inc0.008-0.0007
Sunrise Resources Ltd0.045-0.005
Mission Ready Services0.225-0.01

 



24947

FEATURED Property
2210744358 Prestwick Street
4 bedrooms 3 baths
$759,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Refinance your mortgage?

Canadian Mortgage rates are low and could be dropping down in time for the spring market following a drop in the Bank of Canada Rate on January 21 by 1/4% which will save new buyers and those with mo...


Creating your retirement vision

A vision means different things to different people. To the head of a large corporation, it’s the ability to chart a course that will deliver success (think Steve Jobs and Apple), to a shaman, i...


Are you asking the right questions?

Have you ever had this happen to you? You are in the middle of your second or third good discussion with a prospect and everything seems to be going great. The prospect seems engaged and happy to work...

_








Member of BC Press Council


25107