Monday, October 21, 2019
ADVT 
National

Nevada Court Orders Former Vancouver Man To Pay Back $21.7 Million To Investors

Darpan News Desk The Canadian Press, 22 May, 2019
  • Nevada Court Orders Former Vancouver Man To Pay Back $21.7 Million To Investors

VANCOUVER — The British Columbia Securities Commission says it has won a court decision in Nevada that enforces a $21.7-million order against a man accused of defrauding his Canadian clients.


It says it is the first time a court in the United States has recognized an order from the B.C. commission.


The commission says Michael Lathigee committed fraud over a decade ago by raising millions from almost 700 investors without telling them his company was in severe financial trouble.


In 2014, it ordered Lathigee to repay the investors, pay a $15 million administrative penalty and permanently banned him from trading in securities in B.C.


The commission says Lathigee moved from Vancouver to Las Vegas, prompting it to go to court in Nevada to enforce the order.


It says in a news release that Lathigee has appealed the decision to the Supreme Court of Nevada and that it is working with its legal counsel to determine its next steps.


"We've done everything in our power to collect from Michael Lathigee, because if we collect, we can return money to his victims," Doug Muir, the commission's director of enforcement, said in the release. "This decision sends a strong message that people can't just leave the country to avoid the consequences of their wrongdoing.”

MORE National ARTICLES

Watch Your Step! Ecologist Warns Bird 'Candy' Catalyst For Extreme Goose Poop

Watch Your Step! Ecologist Warns Bird 'Candy' Catalyst For Extreme Goose Poop

People who like to go for a stroll in Regina's Wascana Park are being advised that if they want to avoid stepping in goose poop, they should quit giving unhealthy snacks to the birds.

Watch Your Step! Ecologist Warns Bird 'Candy' Catalyst For Extreme Goose Poop

Survey Finds Minimal Progress In Military's Fight Against Sexual Misconduct

Survey Finds Minimal Progress In Military's Fight Against Sexual Misconduct

The report was the result of a survey of about 36,000 service members conducted by Statistics Canada for the military last fall, the second such survey after an inaugural run in 2016.

Survey Finds Minimal Progress In Military's Fight Against Sexual Misconduct

Westjet Pilot Injured By Green Laser Light While Approaching Orlando Airport

Westjet Pilot Injured By Green Laser Light While Approaching Orlando Airport

A WestJet pilot flying from Newfoundland to Orlando International Airport had his eyes burned by a green laser light, U.S. Federal Aviation Administration officials said Wednesday.

Westjet Pilot Injured By Green Laser Light While Approaching Orlando Airport

Criminal Charges Rare For Bartenders In Drunk Driving Cases, Legal Experts Say

Criminal Charges Rare For Bartenders In Drunk Driving Cases, Legal Experts Say

Legal experts say criminal charges like those laid against a former bar server in connection with a drunk-driving crash that killed two Ottawa-area teens are rare and difficult to prove.

 

 

Criminal Charges Rare For Bartenders In Drunk Driving Cases, Legal Experts Say

Top Soldier Acknowledges Handling Of Afghan Memorial 'Hit A Nerve;' Vows Access

Top Soldier Acknowledges Handling Of Afghan Memorial 'Hit A Nerve;' Vows Access

Canada's top soldier acknowledges that last week's unveiling of the Kandahar memorial without the families of dead soldiers present hit a nerve.

Top Soldier Acknowledges Handling Of Afghan Memorial 'Hit A Nerve;' Vows Access

Sitting And Sleeping On Downtown Sidewalks Could Net $100 Fine In Penticton, B.C.

Sitting And Sleeping On Downtown Sidewalks Could Net $100 Fine In Penticton, B.C.

PENTICTON, B.C. — Sitting and sleeping on some downtown sidewalks could be banned in Penticton, B.C., this summer as part of the city's plan to crack down on loitering.

Sitting And Sleeping On Downtown Sidewalks Could Net $100 Fine In Penticton, B.C.

PrevNext