Employee Theft (aka Fraud, Fidelity, White Collar Crime) in Canada

Here is another good example that Canadian companies are not immune to employee theft. The Toronto Star reports, here, of Controller Timothy Rodkin, 42, sentenced to five years for defrauding his employer, a medical research firm. The reported value of the loss was $12 million, but even with that amount of loss, in a private company, a for...
Posted: 5/22/2012 10:35:05 AM by MSI

Investor Protection

Exempt Market Dealer: Private Issuer and the Accredited Investor There are changes afoot. The issues include, but are not limited to, proposed amendments to National Instrument 45-106 and its definitions of Private Issuer and Accredited Investor Exemptions; and Trapeze Asset Management. The Canadian Securities Administrators (CSA) completed pu...
Posted: 5/16/2012 4:30:16 PM by MSI

Mortgage Fraud

News on this topic goes in waves. A few years ago Identity Theft and Mortgage Fraud got public attention when scams we detailed of perpetrators identifying a typically older single person who owns a home with a very small existing mortgage. The criminal will fake the homeowner’s identity and pay off that mortgage, and then remortgage the p...
Posted: 5/7/2010 12:00:00 AM by Global Administrator

Happy Fraud Awareness Month

The Canadian Government has a website dedicated to the topic (see here) and the loss control advice is directed to individuals and companies. The Canadian Securities Administrators also offer information for awareness and avoiding fraud (see here) with much of this material directed at individuals. Some of it may seem like common sense, but my e...
Posted: 3/17/2010 10:56:56 AM by Global Administrator

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