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canada
Norval Morrisseau’s family seeks to restore late artist’s legacy, worth after police unravel fraud scheme
A man walks past "Androgyny'" by Norval Morrisseau (right) during a media tour of the Canadian and Indigenous Art: 1968 to Present at the National Gallery of Canada's contemporary art galleries Tuesday May 2, 2017 in Ottawa. More than a year after police in Ontario unravelled a massive art fraud involving the works of Morrisseau, the late Indigenous artist's family and estate say they're still paying the price for the decades-long scheme.THE CANADIAN PRESS/Adrian Wyld
canada
‘Egregious exploitation’: Toronto woman sentenced to 3 years for Inuit identity fraud
A Nunavut judge has sentenced a non-Indigenous women who pleaded guilty to a case of Inuit identity fraud to three years in prison. Nunavut's territorial flag flies in Ottawa, Tuesday June 30, 2020. THE CANADIAN PRESS/Adrian Wyld
canada
Businessman killed in Toronto triple shooting defrauded hundreds of victims, netted at least $100-million, records show
Toronto police officers investigate after three adults died in the lobby of an office space in Toronto, Monday, June 17, 2024. Police responded to reports of gunshots in an area near a school and a daycare. THE CANADIAN PRESS/Arlyn McAdorey
canada
Quebec police arrest three in $8.9-million fraud, data theft case involving Desjardins
The head offices of Caisse Desjardins are seen, Wednesday, February 24, 2021 in Montreal.THE CANADIAN PRESS/Ryan Remiorz
real estate
Lawsuits and counterclaims over collapse of builder Stateview probe TD’s role in fraud
A proposed class action lawsuit has been filed against Toronto-Dominion Bank alleging it failed to pay or properly pay its mobile mortgage specialists vacation and/or public holiday pay on their commissions, volume bonuses and other variable payments. A person walks past a TD Bank sign in the financial district in Toronto on Tuesday, Sept. 20, 2022. THE CANADIAN PRESS/Alex Lupul
canada
Ontario to require financial literacy test for high school students
Ontario students will soon be required to pass a financial literacy test as part of a number of changes coming to the requirements needed to earn a high school diploma. Students from a Toronto high school are reflected in the school's message board as they taken part in a protest walkout on Thursday April, 4, 2019. THE CANADIAN PRESS/Chris Young
international business
Former FTX executive Ryan Salame sentenced to 7½ years in prison
Ryan Salame leaves Federal court, Thursday, Sept. 7, 2023, in New York. Salame, the former top executive at the failed FTX cryptocurrency exchange pleaded guilty Thursday to making tens of millions of dollars in illegal campaign contributions to U.S. politicians and engaging in a criminal conspiracy to operate an unlicensed money transfer business. (AP Photo/Mary Altaffer)
inside the market
Short sales on the TSX: What bearish investors are betting against
Larry MacDonald
canada
Evening Update: Drop drug decriminalization request, Ontario warns Toronto
Toronto is asking the federal government to decriminalize all drugs for personal use in the city and for all people, including youth, as it lays out a model that goes further than what Health Canada approved in British Columbia. A tested supply of cocaine, heroin and methamphetamine is readied for distribution to drug users n Vancouver, on Wednesday, February 9, 2022. THE CANADIAN PRESS/Darryl Dyck
canada
Ontario’s self-proclaimed ‘crypto king’ charged with fraud as police allege he was attempting to find new investors this year
Ontario's self-proclaimed Crypto King and one of his associates have been arrested and charged with fraud. Aiden Pleterski, 25, is facing charges of fraud over $5,000 and laundering the proceeds of crime.
report on business
Self-proclaimed ‘crypto king’ arrested for fraud: Durham police
A Durham Regional Police officer's logo emblem is shown in Bowmanville, Ont. on Tuesday Feb. 28, 2023. Durham Regional police say they have arrested self-styled 'Crypto King' Aiden Pleterski for fraud after he faced allegations of running a $40-million Ponzi scheme.THE CANADIAN PRESS/Doug Ives
international business
Archegos founder lied to Wall Street to secure billions of dollars, prosecutors say as trial begins
FILE PHOTO: Sung Kook (Bill) Hwang, the founder and head of a private investment firm known as Archegos exits the Manhattan federal courthouse in New York City, U.S., April 27, 2022. REUTERS/Shannon/File Photo
international business
Jury chosen for Bill Hwang’s trial over Archegos collapse
FILE PHOTO: Sung Kook (Bill) Hwang, the founder and head of a private investment firm known as Archegos exits the Manhattan federal courthouse in New York City, U.S., April 27, 2022. REUTERS/Shannon/File Photo
international business
Bill Hwang arrives in court for trial over collapse of US$36-billion Archegos fund
FILE PHOTO: Sung Kook (Bill) Hwang, the founder and head of a private investment firm known as Archegos exits the Manhattan federal courthouse in New York City, U.S., April 27, 2022. REUTERS/Shannon/File Photo
report on business
Toronto small business forced to close after losing money to cheque fraud that TD couldn’t stop
Yashpal Dhaliwal, ceo of HD Group of Companies (which has since closed), is photographed on April 24, 2024. His company was the victim of cheque fraud in which workers would cash the same cheques multiple times, and the bank allowed the transaction. (Fred Lum/The Globe and Mail)
canada
Former SNC-Lavalin executive sentenced to prison term in bridge bribery case
report on business
Trader convicted of Mango Markets fraud in first U.S. crypto manipulation case
FILE - A sign marks an entrance to the Robert F. Kennedy Department of Justice Building in Washington, Jan. 23, 2023. The Utah Department of Corrections came under fire Tuesday, March 12, 2024, for discriminating against a transgender inmate who the U.S. Department of Justice said was driven to harm herself after she was repeatedly denied hormone therapy in violation of the Americans with Disabilities Act. (AP Photo/Patrick Semansky, File)
british columbia
RCMP in B.C. warn of fake Taylor Swift concert tickets being sold online
Mounties on Vancouver Island are warning Swifties not to fall for a scam after people lost money while trying to secure tickets on Facebook groups for a Taylor Swift concert. The RCMP logo is seen outside the force's 'E' division headquarters in Surrey, B.C., on Thursday, March 16, 2023. THE CANADIAN PRESS/Darryl Dyck
british columbia
Low-income renters got a benefit and scammers took one day to target it, BC Housing says
BC Housing is warning of scammers targeting recipients of a support scheme for elderly low-income renters, just one day after it was announced. Construction cranes dot the skyline as condo towers are seen under construction at the Oakridge Park shopping centre redevelopment, in Vancouver, B.C., Thursday, Nov. 23, 2023. THE CANADIAN PRESS/Darryl Dyck
international business
Sam Bankman-Fried sentenced to 25 years in prison for multi-billion dollar FTX fraud
Sam Bankman-Fried, second from right, stands flanked by his attorneys, Marc Mukasy, left, and Torrey Young, right, while Judge Kaplan announces his sentence in Manhattan federal court, Thursday, March. 28, 2024, in New York. Crypto entrepreneur Bankman-Fried was sentenced Thursday to 25 years in prison for a massive fraud that unraveled with the collapse of FTX, once one of the world's most popular platforms for exchanging digital currency. (Elizabeth Williams via AP)