Close X
Monday, September 30, 2024
ADVT 
National

RCMP believe two sought in alleged $7M investment fraud have fled country

Darpan News Desk Canadian Press, 12 Aug, 2014 05:18 PM
    The RCMP says two Toronto residents charged in an alleged $7-million investment scam are believed to have fled the country.
     
    The Mounties allege the accused raised the money from investors through New Life Capital Corporation and affiliated firms, but that the cash was then transferred to their personal accounts in the Bahamas.
     
    It says a total of $22 million was raised from upwards of 600 investors — mostly Canadian — for the companies as New Life bought life insurance policies from the United States for a fraction of the face value and pooled the benefits.
     
    But it says $7-million was allegedly siphoned off between 2007 and 2008 and laundered through various shell companies for the personal use of the two accused.
     
    Laddy Pogachar, 44, and Paola Lombardi, 39, face one count each of fraud over $5,000, theft over $5,000, laundering the proceeds of crime and possession of property obtained by crime.
     
    RCMP say it's believed Pogachar is in Central America and Lombardi the Bahamas.
     
     

    MORE National ARTICLES

    Election Commissioner halting robocalls probe

    Election Commissioner halting robocalls probe
    After a three-year investigation into allegations of fraudulent robocalls made during the 2011 federal elections, investigative officials have halted the probe suggesting lack of evidence. 

    Election Commissioner halting robocalls probe

    Vancouver Police investigate death of woman in Stanley Park

    Vancouver Police investigate death of woman in Stanley Park
    A park caretaker discovered the woman in a medical distress around 6 a.m. and called 911. Though paramedics arrived at the scene, they were not able to revive the woman.

    Vancouver Police investigate death of woman in Stanley Park

    New York comes knocking for BC women in technology

    New York comes knocking for BC women in technology
    The BC Ministry of International Trade is partnering with the BC Innovation Council and the Canadian Consulate (New York) to offer BC women in technology the opportunity to access the lucrative New York City market via its Canadian Technology Accelerator program.

    New York comes knocking for BC women in technology

    What? Edmonton worst city in Canada for Women

    What? Edmonton worst city in Canada for Women
    Quebec City has been ranked as the best city in Canada to be a woman, and Edmonton has been ranked as the worst, as per a new study from the Canadian Centre for Policy Alternatives.

    What? Edmonton worst city in Canada for Women

    Canada's middle class richest in world

    Canada's middle class richest in world
    The American Middle Class, long considered to be the wealthiest in the world, is no longer the World’s Richest.

    Canada's middle class richest in world

    Russia expels Canadian diplomat

    Russia expels Canadian diplomat
    Russia has ordered a first-secretary at the Canadian embassy in Moscow to leave the country, in retaliation for the expulsion of a Russian assistant military attaché earlier from Ottawa.

    Russia expels Canadian diplomat