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

Wildfire smoke causing air quality and visibility issues in northern Manitoba

Many parts of northern Manitoba are under an air quality warning due to wildfire smoke, which is also causing reduced visibility. Environment and Climate Change Canada says the amount of smoke can fluctuate over short distances and can vary considerably from hour to hour.

Wildfire smoke causing air quality and visibility issues in northern Manitoba

Calgary daycares shut down by Alberta government over safety concerns pushing back

The operators of three Calgary child-care facilities shut down this week are speaking out against the Alberta government's inspection process, saying they've been discriminated against. The Calgary programs were forced to close Monday, with the government citing "an imminent danger to the health, safety and well-being of children attending the programs."

Calgary daycares shut down by Alberta government over safety concerns pushing back

Why it took nearly a year to link multiple Listeria cases to some plant-based milks

The Public Health Agency of Canada says it was only after multiple Listeria cases emerged in Ontario in June that it recognized a broader outbreak that had started back in August 2023. Questions have swirled around why it took nearly a year for the Canadian Food Inspection Agency to announce a national recall of several Silk and Great Value plant-based milk products on July 8.

Why it took nearly a year to link multiple Listeria cases to some plant-based milks

Statistics Canada reports wholesale sales down 0.6% in June

Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, fell 0.6 per cent to $82.4 billion in June. The agency says sales fell in five of the seven subsectors.

Statistics Canada reports wholesale sales down 0.6% in June

Ex Conservative MP, cabinet minister Chuck Strahl dies

Former Conservative MP and cabinet minister Chuck Strahl has died at the age of 67. Strahl was first elected in 1993 and represented the B.C. riding of Chilliwack–Fraser Canyon until his retirement in 2011.

Ex Conservative MP, cabinet minister Chuck Strahl dies

Former B.C. Liberal leadership candidate runs for Rustad's Conservatives in Kelowna

A former leadership rival to BC United Leader Kevin Falcon is joining John Rustad's British Columbia Conservatives to run in Kelowna in the fall election. Gavin Dew was a candidate in the B.C. Liberal leadership race in 2022 that Falcon won, but he is now running in the Kelowna-Mission riding under the B.C. Conservatives banner.