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

No deaths in Winnipeg house blast, no confirmed cause yet: police

Police say the occupants of a Winnipeg home destroyed in an explosion have been located and are safe. They say a father and daughter who lived in the home left before the blast and were found later in the day.

No deaths in Winnipeg house blast, no confirmed cause yet: police

B.C. homes and businesses to be eligible for rebates for rooftop solar systems

British Columbia's public power utility says for the first time it will provide rebates for the installation of rooftop solar and battery storage systems for residents and businesses. BC Hydro says in a news release that eligible homeowners can receive rebates up to $10,000 for installing a qualified solar and battery storage system, while apartment buildings, schools, businesses and others could get from $50,000 to $150,000 back.

B.C. homes and businesses to be eligible for rebates for rooftop solar systems

Higher share of foreign workers became permanent residents in recent years: StatCan

Foreign workers have been making the transition to permanent residency at higher rates in recent years, Statistics Canada says. A new report from the federal agency shows that between 2016 and 2020, 23 per cent of foreign workers had become permanent residents two years after obtaining their first work permits.

Higher share of foreign workers became permanent residents in recent years: StatCan

Major Calgary corridor closed due to water rupture three weeks ago set to reopen

Commuter traffic is returning to normal in Calgary following a major water main break three weeks ago. Calgary's mayor says the avenue above the repaired water main is set to reopen Friday.

Major Calgary corridor closed due to water rupture three weeks ago set to reopen

Unprovoked spat on female

Coquitlam R-C-M-P say they are looking for a man who spat unprovoked at another pedestrian before fleeing. Police say the assault happened while the victim, a female pedestrian, was walking on a sidewalk in the early evening hours near Coquitlam Centre when she was spat on.

Unprovoked spat on female

Abbotsford Police impound 42 vehicles

Abbotsford police say officers impounded 42 vehicles in a 48-hour period last week during a campaign targeting speeding drivers in the city. Police say officers were monitoring high-traffic corridors during the enforcement, and each driver caught speeding was issued a ticket and had their vehicle impounded for 7 days.