National

Man steals over 1M from 9 investors

Darpan News Desk The Canadian Press, 05 Feb, 2024 04:25 PM

A North Vancouver man has pleaded guilty to one count of theft after an investigation found he stole more than one-million-dollars from nine investors.

A statement from B-C Securities Commission says the 55-year-old man was arrested in October 2022 and remains on bail, entering the guilty plea last week with sentencing scheduled for early May.

The commission says investors gave the man a total of 1.66 million U-S dollars between 2007 and 2017 as he promised to generate high returns through a purported private investment fund administered through his B-C company.

But it says the man wasn't registered to trade securities, and he instead used investor funds for personal expenses while losing much of the money making bad stock trades through his personal brokerage account.

Prev Next

MORE National ARTICLES

Be on lookout for car thief

Kelowna R-C-M-P are asking residents to be on the lookout for a man suspected of trying to defraud multiple car dealerships. Police say a dealership recently reported that the suspect had produced four driver's licences showing different names with the same identification photo.

Be on lookout for car thief

Charges approved in Guildford stabbing

Metro Vancouver Transit Police say charges have been approved after a stabbing that left a teenager with serious wounds requiring emergency surgery. Police say it happened last July when the teenager and his girlfriend had a brief altercation with two males at the Guildford Mall in Surrey before they got on a bus.

Charges approved in Guildford stabbing

Record number of people died from illicit drugs in B.C. last year, coroner says

British Columbia's chief coroner says 2,511 people died of suspected illicit drug poisoning last year, the highest annual toll ever recorded. Close to 14,000 people have died since the province declared a public health emergency in April 2016, Lisa Lapointe told a news conference on Wednesday.

Record number of people died from illicit drugs in B.C. last year, coroner says

Union warns of 72-hour Metro Vancouver bus strike if deal isn't reached

The union representing transit supervisors for Coast Mountain Bus Company says it will launch a new 72-hour strike stopping Metro Vancouver buses from operating if a tentative deal isn't reached by next week.

Union warns of 72-hour Metro Vancouver bus strike if deal isn't reached

Canadians worry about quality of health care, have little faith it will improve: poll

The poll by Leger comes nearly a year after the federal government offered a $196-billion health accord to the provinces to increase health funding and address a growing shortage of health-care workers. Doctors, nurses and other health-care professionals have warned for years about a dangerous lack of health workers, leading to understaffed emergency rooms and a lack of primary care that is felt across the entire health system.

Canadians worry about quality of health care, have little faith it will improve: poll

NDP Leader Jagmeet Singh says a second Trump presidency would be trouble for Canada

Former U.S. president Donald Trump is an "egomaniac" operating in his own world, argues federal New Democrat Leader Jagmeet Singh, saying if he makes it back to the White House it could spell trouble for Canada. During the NDP's caucus retreat in Edmonton, Singh said Trump operates in his own league. He likened him to an egomaniac who is seeking vengeance on his political enemies.