National

1M dollar investor theft in North Vancouver

Darpan News Desk The Canadian Press, 21 Aug, 2024 03:41 PM

A North Vancouver man has been sentenced to three years in prison after stealing close to one-million dollars U-S from investors.

The B-C Securities Commission says Ward Derek Jensen was sentenced in provincial court after pleading guilty to theft over five-thousand dollars.

The commission says its criminal investigation found Jensen stole more than 970-thousand dollars from nine investors between 2007 and 2017 under the pretense of investing the money in a private fund and promising lucrative returns.

It says Jensen concealed his theft and trading losses by sending his victims forged monthly statements, and he's been ordered to pay more than 900-thousand dollars in restitution to the victims in addition to the prison time.

Prev Next

MORE National ARTICLES

Shipping container stolen from Abbotsford

Police in Abbotsford say an elaborate operation would have been needed to steal a large shipping container from a rural property this week. The department says the 12-metre long container disappeared during daylight hours on Monday.

Shipping container stolen from Abbotsford

Joly urges halt to escalating violence as Israel suspected of airstrike on Iran

Foreign Affairs Minister Mélanie Joly is once again urging Israel and Iran to prevent their long-running conflict from spiralling into a broader Middle East crisis. She is calling for de-escalation and has co-signed a lengthy statement that touches on the Israel-Hamas war, the humanitarian plight in Gaza and attacks on ships off the coast of Yemen.

Joly urges halt to escalating violence as Israel suspected of airstrike on Iran

'No immediate risk' from 2.5-million-litre effluent spill from B.C. fibreboard plant

British Columbia's Environment Ministry says a 2.5-million-litre effluent spill from a fibreboard factory in Quesnel doesn't pose any immediate risk to public safety. It says in a statement that Monday's spill from the WestPine Medium-Density Fibreboard plant into a gravel pit has been assessed and no waterways have been affected.

'No immediate risk' from 2.5-million-litre effluent spill from B.C. fibreboard plant

Changes for short-term rentals as of May 1st

The BC government says analysis of short-term rental data from March showed that more than 19-thousand entire homes in the province are listed for rent for most of the year. That figure will change starting May 1st, when the new short-term rental rules kick in for more than 60 communities in B-C.

Changes for short-term rentals as of May 1st

Labour leader urges unions to expose Poilievre's working-class overtures as 'fraud'

Conservative Leader Pierre Poilievre is a "fraud" for portraying himself as a friend of the working class, the head of the country's largest labour organization said Thursday, urging unions to do everything they can to expose him before the next federal election. Canadian Labour Congress President Bea Bruske delivered her call to arms as union leaders gathered in Ottawa to plot strategy ahead of the vote, which must happen before October 2025.

Labour leader urges unions to expose Poilievre's working-class overtures as 'fraud'

Liberals buck global trend by 'doubling down' on foreign aid, as sector urges G7 push

Foreign aid groups are hailing the federal Liberal government's return to a policy of increasing humanitarian and development spending each year, while asking for a plan to push allies to reverse a global decline in aid.