Alberta Theatre Projects say 'significant funds' stolen in fraud attack
A Calgary-based theatre company says it is the victim of bank fraud after it was found significant funds were stolen from their financial account.
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Alberta Theatre Projects confirmed the attacks took place between April 24 and 28, when a third party attempted to fraudulently access the group's financial accounts. The attacks were discovered on April 28 and accounts were immediately protected. However, 'significant funds' have been stolen, according to an email from ATP.
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'No customer, donor or subscriber information was accessed in this attack,' the group added in its written statement, issued Friday night, and the company's point-of-sale and ticketing system was unaffected.
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2 hours ago
- Canada Standard
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CBC
12 hours ago
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TACO time
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That said, investors should still own stocks, including those in the U.S., but they should consider reducing exposure to overvalued companies like the so-called Magnificent Seven (including Amazon Inc., Tesla Inc., Apple Inc. and Meta Inc.), says Jai Gandhi, investment adviser with Endeavour Wealth Management, iA Private Wealth in Winnipeg. 'We're not cutting our weight to the U.S. market compared with a year ago, but we're conscious of the high values of companies that hold more risk.' That said, owning good companies never goes out of style for long-term investors. 'We don't worry too much about short-term price movements,' says Hardev Bains, president and chief investment officer at Lionridge Capital Management in Winnipeg. Rather, the focus for Bains and other fundamental investors is owning companies with long-term profitability growth, strong balance sheets (significantly more assets than liabilities) and competitive advantages. 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