View the video here on your mobile device. Narrator: A lot of people like to try and pull insurance scams. Two Private Eyes relate some memorable cases. Private Eye #1 “Wayne”: Well, let’s say you witness some miracles. Maybe you’d like to touch on a few of those. Private Eye #2: “Al” Well, there’s a [...]
View the video here on your mobile device. Worried about fraud, Canadians are proactive about protecting themselves. More than 90% of Canadians take preventive steps to avoid becoming a victim of fraud, from shredding documents (73%) to shielding their Personal Identification Number (62%), according to the TD Canada Trust Fraud Prevention Month Poll. The TD [...]
View the video here on your mobile device. An Ontario court has granted class-action status to a lawsuit against Scotiabank over unpaid overtime in one of the largest employment-related class actions ever undertaken in Canada. Cindy Fulawka, the lead plaintiff in the lawsuit against the bank, will represent about 5,000 people who were employed as [...]
View the video here on your mobile device. Disgraced financial adviser Earl Jones has received an 11-year sentence for orchestrating a massive Ponzi scheme. The 67-year-old pleaded guilty in January to running a pyramid scheme that lasted more than 20 years. His criminal proceedings heard that he never invested a penny of the money he [...]
View the video here on your mobile device. A San Francisco man who had more than 1.8 million stolen bank and credit card numbers on his computers has been sentenced to 13 years in federal prison and $27.5 million in restitution. Thirty-seven-year-old Max Ray Vision pleaded guilty in June to his role in an online [...]
View the video here on your mobile device. ScanSafe, a provider of web security, issued its Annual Global Threat Report, revealing that critical infrastructure such as energy, pharmaceutical and government assets are more than twice as likely to be targeted by cybercriminals than other organizations. The report is based on an analysis of more than [...]
View the video here on your mobile device. The US-based National Insurance Crime Bureau released its 2008-2009 comparison analysis of questionable claims. A total of 85,209 questionable claims were referred to NICB in 2009 compared with 74,902 received in 2008, an increase of 14 percent. These are claims that NICB member insurance companies refer to [...]
View the video here on your mobile device. The US-based National Insurance Crime Bureau reported receiving 5,562 tips from the public in 2009 — more than doubling the 2,500 received in the previous year. Americans can report suspected insurance crimes by text, toll-free telephone and online through the NICB Web site. In 2009 tipsters provided [...]
View the video here on your mobile device. The former clients of Earl Jones are seeking the right to sue the Royal Bank of Canada for allegedly allowing the disgraced Montreal financial adviser to blow through their savings. A statement of claim was filed in Quebec Superior Court late February 5 against the financial institution [...]
View the video here on your mobile device. A trade group representing the major music labels said it will reject a reduced penalty for a central Minnesota woman found guilty of sharing 24 songs over the Internet, and will instead begin preparing for another trial to determine new damages. The Recording Industry Association of America [...]
View the video here on your mobile device. Police say hundreds, if not thousands, of Canadians have fallen prey to Ponzi schemes in recent years, but experts warn victims looking to reclaim lost investments are unlikely to see a penny. The structure of the scheme, in which investors are paid income with other investors’ money [...]
View the video here on your mobile device. Last year, the small law firm of Martin & Hillyer in Burlington Ontario made the news when a fraudster hacked into their phone system and then proceeded to rack up more than $200,000 in long distance calls to Africa. One of the firm’s partners, Bruce Hillyer, didn’t [...]
View the video here on your mobile device. A recent court case in Alberta tackled the question of whether an extended warranty is insurance. The defendant in the case – the province of Alberta – had assessed tax against the plaintiff, the Brick Protection Corporation, under the Tax Statutes Amendment Act. It started in July [...]
View the video here on your mobile device. ILSTV did surveillance on a couple of private eyes to find out how they work with the insurance industry. Private Eye #1: Anything that you think from watching movies and watching TV what a private investigator would do, we do, pretty well. Very seldom do we get [...]
View the video here on your mobile device. Former financial adviser Earl Jones has pleaded guilty to two charges related to defrauding investors of about $50 million. Jones entered the plea in a Montreal courtroom on January 15. Jones ran a Ponzi scheme that led to the disappearance of millions of dollars in investors’ savings. [...]
View the video here on your mobile device. The RCMP announced that their investigation into the sale of vehicles repaired at ICBC’s Burnaby-based research and training facility resulted in a determination that there was no criminal activity. The RCMP has recommended that no charges be laid against individuals employed by ICBC or against the corporation [...]
View the video here on your mobile device. The court-appointed trustee unraveling Bernard Madoff’s fraud believes the scam artist may have some assets in Canada and wants to hire a Montreal law firm to help find them. Irving Picard has asked the New York court overseeing the process to allow him to hire the firm. [...]
View the video here on your mobile device. A man is seeking $3.3 million for the city of Los Angeles from Michael Jackson’s estate to cover the cost of the King of Pop’s public memorial, court filings show. Jose F. Vallejos filed a creditor’s claim for the money, stating he is entitled to seek reimbursement [...]
View the video here on your mobile device. The Law Reform Commission of Nova Scotia is calling for changes to provincial laws in order to encourage the cleanup of contaminated properties. A commission report on contaminated sites says that such properties are subject to far-reaching environmental legislation. But the commission says the current laws can [...]
