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

Facebook marketplace scam in Okanagan

Police in the Okanagan are warning the public of a new Facebook marketplace scam that involves sellers as the victims. Kelowna R-C-M-P say the would-be buyer offers to pay for the items and claims they will electronically transfer the money, telling the seller to check their email.

Facebook marketplace scam in Okanagan

'Unacceptable': Business groups say rail stoppage would hit grain, groceries and more

Canadian National Railway Co. and Canadian Pacific Kansas City Ltd. have already begun a phased shutdown of their networks as the deadline approaches to come to an agreement with the Teamsters Canada Rail Conference for a new labour contract. Unless deals are reached, the companies plan to lock out workers early Thursday and the union says it's prepared to call a strike that day.

'Unacceptable': Business groups say rail stoppage would hit grain, groceries and more

Two Vancouver police officers charged with assault after alleged off-duty incident

Two Vancouver police officers have been charged with assault related to an off-duty incident last December. Court records show Brian Hunt and Joshua Wong each face one count of assault over an offence alleged to have occurred on Dec. 16, 2023, in Vancouver.

Two Vancouver police officers charged with assault after alleged off-duty incident

Removal underway for huge crane blocking Vancouver street

A City of Vancouver official says a huge crane that crashed down on a busy street will likely be removed in two days, after blocking the route for more than two weeks. Saul Schwebs says crews are "demolishing the crane, not salvaging it."

Removal underway for huge crane blocking Vancouver street

People with disabilities twice as likely to have food insecurity, StatCan report says

A new Statistics Canada report says people with disabilities are twice as likely to live in food insecure households than those without disabilities. The report used data from the 2021 Canadian Income Survey and found 26.4 per cent of respondents with a disability experienced some level of food insecurity, compared to 12.5 per cent of people without disabilities.

People with disabilities twice as likely to have food insecurity, StatCan report says

Patrols for fare evading transit riders

TransLink says it's boosting patrols for fare-evading transit riders. The transit operator says it's begun a blitz to deter riders from freeloading on the transit system, aimed at lessening fare evasion by five-million-dollars a year.