National

Police allege Calgary man ran $1.3M Ponzi scheme centred on purported wine purchases

Darpan News Desk The Canadian Press, 20 Aug, 2024 03:25 PM

Police in Calgary have accused a man of running a Ponzi scheme involving purported wine purchases.

They say seven complainants have come forward reporting a total of $1.3 million in losses.

They allege that between January 2020 and February 2021, the suspect asked for short-term loans to purchase wine that would later be resold to another buyer.

Police say those who invested started to believe they'd been had after they were not swiftly repaid with interest, as promised.

Investigators believe the wine was not purchased and resold for profit, but rather, new funds coming in were used to pay those who invested earlier.

Fifty-two-year-old Brian Robert Gunsten is charged with fraud over $5,000 and money laundering.

Prev Next

MORE National ARTICLES

Poilievre delivers first speech to AFN, leaders confront him about Harper's legacy

It was the first time Poilievre was addressing the Assembly of First Nations, an organization representing more than 600 First Nations that had a tense relationship with the Conservatives when former prime minister Stephen Harper was in power.

Poilievre delivers first speech to AFN, leaders confront him about Harper's legacy

How many doctors are there in Canada? Government announces projects to find out

The money is being divided among research groups that aim to collect and study data on Canada's health workforce, which has been difficult to gather across provincial health systems.

How many doctors are there in Canada? Government announces projects to find out

B.C. should explore non-prescribed alternatives to fentanyl to combat crisis: Henry

Dr. Bonnie Henry says in her latest report on the overdose crisis that efforts centred on drug prohibition have not only failed to control access to controlled substances but have also created the toxic unregulated drug supply that has killed thousands since a health emergency was declared eight years ago.

B.C. should explore non-prescribed alternatives to fentanyl to combat crisis: Henry

Trudeau says Canada expects to hit NATO defence spending target in 2032

Prime Minister Justin Trudeau says Canada expects to hit the NATO defence spending target in 2032. The 32 members of the alliance agreed last year to spend at least the equivalent of two per cent of national gross domestic product on defence.

Trudeau says Canada expects to hit NATO defence spending target in 2032

Province to reduce harms of overdose crisis

The steering committee was formed in late May with the goal of having overdose prevention and response actions in place on B-C campuses for this year's fall semester.

Province to reduce harms of overdose crisis

Cyclist in hospital

Police in Vancouver are looking for witnesses after a 53-year-old cyclist was taken to hospital with serious injuries after a collision with a vehicle. They say the biker was struck on East 10th Avenue Clark Drive intersection around 6 a-m yesterday.