The NDP has called for an end to bearer shares in Canada. Bearer shares are untraceable and allow beneficial ownership to remain anonymous. This allows criminals a great opportunity to use them for their benefit and it places real limits on effective due diligence.
‘This fraud was very elaborate, and consequently, our investigation has been very elaborate’
A central Alberta man is facing fraud charges after a five-year investigation and more than $2 million in losses to investors.
RCMP say Dane Skinner, 53, misrepresented and advertised a revolutionary fracking product, enticing numerous investors who reportedly lost more than $2.6 million.
“This fraud was very elaborate, and consequently, our investigation has been very elaborate and has involved substantial resources and time” Const. Bill Lewadniuk with the RCMP financial crimes unit said in a news release Friday.
The offences occurred between Dec. 5, 2007, and Feb. 28, 2013 in Lacombe, involving two numbered companies as well as N.E.X.T. Legacy Technologies Ltd., police say.
RCMP launched an investigation in September 2013 involving several officers from various units.
On Wedesday, police arrested and charged Skinner with fraud, laundering the proceeds of crime and uttering threats.
He was released from custody and is scheduled to appear in Red Deer provincial court on Aug. 8.
With the gain in popularity of digital currencies comes the inevitable rise in digital currency fraud. Do your due diligence and ensure that you have all the information you need before jumping into a bitcoin investment. Also be critical of anything involving digital currency that doesn’t seem right. If it sounds too good to be true, it probably is. https://www.theverge.com/2018/1/18/16905040/bitcoin-crash-cryptocurrency-value-ethereum-regulation
The Ethereum Scam Database is a useful tool that helps guide cryptocurrency investors away from scammers. Since launching last year, they have identified a total of 2,627 scams including 246 active scams. For more information on the scams identified visit https://etherscamdb.info/.
‘Professional Tenant’ with Criminal History Exposed – The Investigators with Diane Swain. This great show provides a great overview of the risks facing landlords and tips on how to protect yourself.
Sometimes you have to look beyond the surface layer to know who you are doing business with … and that’s more important than ever before.
Last week, information was released on recently discovered vulnerabilities of WIFI networks called KRACK. This affect us all so make sure that your systems are all up to date!!!
Marketplace just aired a great program on the fake degree industry and the extent to which FAKE DEGREES have become so widespread. Don’t just believe the words on a resume, LinkedIn profile or a nicely framed certificate hanging on the wall. Always check and know who you are dealing with!