Close X
Wednesday, December 4, 2024
ADVT 
National

Man steals over 1M from 9 investors

Darpan News Desk The Canadian Press, 05 Feb, 2024 04:25 PM
  • Man steals over 1M from 9 investors

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.

MORE National ARTICLES

B.C. approves health research centre construction at new St. Paul's Hospital

B.C. approves health research centre construction at new St. Paul's Hospital
British Columbia's provincial government is going ahead with the construction of a $638-million "state-of-the-art" research centre at the new St. Paul's Hospital in Vancouver. Premier David Eby said at a news conference after touring the construction site at the new hospital on Thursday that the province has approved the business plan and funding for the new research facility.

B.C. approves health research centre construction at new St. Paul's Hospital

Guilty plea from Vancouver hit and run suspect

Guilty plea from Vancouver hit and run suspect
A man charged in a fatal hit and run in Vancouver last year has pleaded guilty to criminal negligence causing death. Eoghan Byrne was killed on July 19th, 2022 in the Kitsilano neighbourhood in a collision that was captured on surveillance video.  

Guilty plea from Vancouver hit and run suspect

Hundreds of foreign-trained doctors boosting B.C. family medicine: Dix

Hundreds of foreign-trained doctors boosting B.C. family medicine: Dix
British Columbia Health Minister Adrian Dix says almost all of the 666 international medical graduates registered in the province this year are now working as doctors, with more than half in family medicine. Dix's comments come amid ongoing health-care woes including hospital overcrowding and many residents being left without a family doctor.

Hundreds of foreign-trained doctors boosting B.C. family medicine: Dix

Woman, 72, uses shovel to chase naked intruder from her Vancouver home, police say

Woman, 72, uses shovel to chase naked intruder from her Vancouver home, police say
Police say a 72-year-old woman used a shovel to chase a combative and naked man from her Vancouver home on Tuesday night. Vancouver police say in a statement the man entered the home by smashing a window with a pointed metal rod.

Woman, 72, uses shovel to chase naked intruder from her Vancouver home, police say

73-year-old man faces multiple charges after vehicle crashes through dollar store

73-year-old man faces multiple charges after vehicle crashes through dollar store
Mounties in Creston says a 73-year-old man faces multiple charges, including impaired driving, after a vehicle crashed through a dollar store on Monday morning. Police say damage to the store was significant after the vehicle drove through the front window of the Your Dollar Store with More. 

73-year-old man faces multiple charges after vehicle crashes through dollar store

Over 50 arrests in Kelowna retail theft

Over 50 arrests in Kelowna retail theft
Kelowna Mounties say an operation targeting shoplifters over a seven-day period this month resulted in more than 50 arrests. Police say the operation was in response to concerns from Kelowna's retail sector about theft and violence at stores.

Over 50 arrests in Kelowna retail theft