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    Home » Calgarian convicted of defrauding investors of more than $2.4 million
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    Calgarian convicted of defrauding investors of more than $2.4 million

    yyctimesBy yyctimesJanuary 16, 2023Updated:January 16, 2023No Comments2 Mins Read
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    A Calgary man has been discovered responsible of bilking traders of greater than $2.4 million, most of it in a bogus scheme to realize entry to billions of {dollars} in financing.

    Article content material

    Following an investigation by the Joint Critical Offenses Group (JSOT) and a subsequent listening to, King’s Bench Justice W. Patrick Sullivan discovered William Jordan McBean responsible of 12 counts of fraud over $5,000.

    Article content material

    The court docket discovered that McBean defrauded 11 traders of a complete of $2 million in charges, telling them that these charges would achieve entry to billions of {dollars} in financing that by no means materialized.

    “One other sufferer, a lady in her 70s on the time, was defrauded of $425,035 USD in relation to funds supplied to McBean for funding functions,” the Alberta Securities Fee (ASC) mentioned in a press launch Monday.

    McBean was initially charged in Might 2021 with fraudulently acquiring $3.8 million in financing charges from traders.

    A sentencing listening to within the Court docket of King’s Bench is scheduled for February 21.

    The JSOT is a partnership of the ASC, Alberta Crown Solicitor Service and the RCMP’s Built-in Market Enforcement Group (IMET).

    BKaufmann@postmedia.com

    Twitter: @BillKaufmannjrn



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