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

Low-income renters got a benefit. 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. The housing agency says in a "fraud alert" on its website and social media that it will never use text messages to invite recipients to claim benefits.

Low-income renters got a benefit. Scammers took one day to target it, BC Housing says

Purse snatcher on the loose: VPD

Vancouver police are looking for a purse snatcher believed to be responsible for a number of robberies and attempted robberies of women throughout the city. Officers say in one case in March the man used a large knife to cut a woman's purse strap and fled with the purse after a brief struggle.

Purse snatcher on the loose: VPD

Scammers impersonating officers to steal from seniors: New Westminster police

A recent scam where people impersonated officers to rob a senior has prompted a warning from police in New Westminster, B.C., east of Vancouver. A statement from the department says several people posing as police spoke to a senior at her home, convincing her to hand over her credit and debit cards.

Scammers impersonating officers to steal from seniors: New Westminster police

B.C. seeks to regulate electricity for cryptocurrency miners, citing huge demands

British Columbia is proposing legal changes that would allow the government to regulate the supply of electricity to cryptocurrency miners. A statement from the Ministry of Energy says cryptocurrency miners consume large amounts of electricity to constantly run high-powered computers, while creating very few jobs or economic opportunities.

B.C. seeks to regulate electricity for cryptocurrency miners, citing huge demands

12 B.C. municipal parties under investigation for finance or advertising violations

Elections BC said in a news release that the potential violations relate to accepting prohibited contributions, failing to deal with such contributions, or sponsoring election advertisements without an authorization statement. It said the parties under investigation include Vancouver Mayor Ken Sim's ABC Vancouver and the Burnaby Citizen's Association, both of which won council majorities.

12 B.C. municipal parties under investigation for finance or advertising violations

B.C. tables anti-racism legislation

The British Columbia government tabled legislation Thursday that's designed to hold public bodies accountable for addressing systemic racism in policy and programs, the province's attorney general said. Niki Sharma said the proposed law would cover provincial ministries, agencies, health-care and social service providers, and require the development of a public action plan using data the government has collected on systemic racism.