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. 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. 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. One Winnipeg man found out the hard way that honesty, albeit criminal in intent, doesn’t always pay. The man had opened an auto theft claim with Manitoba Public Insurance, but since he had had a similar theft claim three years earlier, he was brought in for an [...]
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View the video here on your mobile device.
View the video here on your mobile device.
View the video here on your mobile device. Investigative services provider Forensics Investigations Canada has acquired Winnipeg investigation and security consulting experts, Oliver, Yaskiw & Associates. Forensics Investigations said that this purchase provides clients with unprecedented depth, complete national coverage, and investigative services and litigation support through one national provider. FIC president, Corey Smith, explains [...]
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Activists welcome a federal government promise of tougher penalties for Ponzi schemes and other white-collar crimes. But what exactly is a Ponzi scheme? A Ponzi scheme explained: WHAT IT IS: The con artist persuades people to invest, usually on promises of above-market returns. WORKINGS: The operation itself does not generate profits in the stock market [...]
Two brothers, Parveen Saini and Naveen Saini, face a combined total of 33 counts of fraud following one of the most extensive fraud cases ICBC has ever investigated. Their trial began on September 18 at the Surrey Provincial Court. ICBC’s Special Investigation Unit launched a probe after receiving an anonymous tip that the brothers were [...]
A Vancouver resident has been ordered to pay a $1,000 fine after being convicted of trying to bribe an ICBC employee. Kim Hen Huynh was trying to qualify for a BC driver’s licence but had already failed seven previous road tests when he arrived at the ICBC Driver Services Centre in Burnaby on August 21, [...]
