logo
Financial advisor from Severn Twp., Ont. arrested after allegedly committing $1.8 million in fraud

Financial advisor from Severn Twp., Ont. arrested after allegedly committing $1.8 million in fraud

CTV News26-04-2025

Canadian $100 dollars bills are seen in this file photo.
Provincial police arrested a man from Severn Township, Ont. this week after a 16-month investigation found that he committed eleven counts of uttering forged documentation.
According to Orillia OPP, the 40-year-old financial advisor defrauded some of his clients by asking them to provide investment funds through cheques made payable to himself instead of an investment company.
Police add that, in certain cases, he falsified and forged investment and insurance paperwork to hide the misallocation of his clients' funds. The alleged fraudulent acts by the accused also extend to additional members of the public.
The total sum of misallocated funds is suspected to exceed $1.8 million according to Orillia OPP.
'It is essential to confirm that your investment funds are being directed into the products you intended,' said Det.-Cst. Russ Rogan, investigating officer from the Orillia OPP Crime Unit, in a news release. 'This means regularly reviewing your investment statements, whether by mail or through your secure online investment portal, and by keeping track of all transactions.'
The accused is scheduled for a June 10 court appearance in Orillia.
Police remind the public that fraud can often go undetected, particularly with vulnerable individuals.
'The OPP advises that a trusted family member or person regularly reviews these online accounts, especially for those who may not be tech-savvy, and always ensure you receive detailed documentation, receipts, and clear records for every investment decision,' added Det.-Cst. Rogan.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

As U.S. Uncertainty Sparks Travel Boom in Canada, RVezy Urges Canadian RV Owners to Cash In on Soaring Demand Français
As U.S. Uncertainty Sparks Travel Boom in Canada, RVezy Urges Canadian RV Owners to Cash In on Soaring Demand Français

Cision Canada

time13 minutes ago

  • Cision Canada

As U.S. Uncertainty Sparks Travel Boom in Canada, RVezy Urges Canadian RV Owners to Cash In on Soaring Demand Français

With 300% increase in U.S. travelers to Canada, RV rental platform RVezy calls on Canada's 2 million RV owners to list their vehicles and earn thousands this summer OTTAWA, ON, June 10, 2025 /CNW/ - Political instability south of the border is fueling a surge in Canadian travel—and RV owners have a golden opportunity to cash in. RVezy, Canada's leading peer-to-peer, RV rental platform, is reporting a 300% year-over-year spike in bookings from American travelers, along with a major increase in interest from overseas visitors. As international and domestic demand hits record levels ahead of the summer season, the company is issuing a national call to action: RV owners, list your RV now and earn thousands this summer. "With over 2 million RVs sitting idle across Canada and demand hitting all-time highs, we need more RV owners to list—today," said Michael McNaught, CEO of RVezy. "This isn't just about travel—it's about helping Canadians earn meaningful income while supporting our national and local tourism economy." Big Earnings, Big Impact: Renting Pays Off RV owners on RVezy earn an average of over $10,000 per year, with many earning significantly more during the peak summer months. Yet most RVs sit unused for 11 months of the year. With rising prices and economic pressures affecting households across the country, renting out an RV is an easy, practical way to generate additional income. And because travelers spend on average $300 per day in local communities, every RV trip fuels spending at local shops, restaurants, campgrounds, and small tourism operators. "We're seeing this incredible wave of interest in Canada—not just from Americans, but from international visitors looking for safe, scenic, flexible travel," added McNaught. "Every RV rental helps support Canadian families—on both sides of the keys." No Worries, Full Protection: RVezy's All-Inclusive Approach For RV owners concerned about liability or damage, RVezy provides full insurance coverage that protects the entire value of the RV. Every rental includes 24/7 roadside assistance and is backed by a dedicated Host Experience team to guide owners through every step of the process. RVezy is a proudly Canadian company— founded by Canadians, operated by Canadians, and located in Canada, RVezy is committed to building a stronger local travel economy. Call to Action: List Your RV Before Peak Season Hits With unprecedented traveler demand and limited vehicle availability, RVezy urges RV owners across the country to list now—especially in popular gateway regions like British Columbia, Alberta, Ontario, Quebec and the Maritimes. Whether you're an occasional camper or a seasoned RV enthusiast, listing your RV this summer could make a serious difference.

Canada Post, union trade shots Monday as progress stalls
Canada Post, union trade shots Monday as progress stalls

Toronto Star

time4 hours ago

  • Toronto Star

Canada Post, union trade shots Monday as progress stalls

After talks last week aimed at paving the way for binding arbitration, Canada Post and the union representing its 55,000 employees were back trading public potshots Monday, with both sides accusing the other of not negotiating seriously. Monday afternoon, the Canadian Union of Postal Workers (CUPW) blasted the Crown corporation, saying it was counting on government action to force an end to the dispute. 'CUPW's ultimate goal in returning to the bargaining table remains new negotiated ratifiable collective agreements,' CUPW said in a written statement. 'However, Canada Post's actions suggest it does not want to negotiate. It wants to rewrite our agreements — and is seeking to use government interference to further its goals.' The union pointed to Canada Post's request to federal jobs minister Patty Hajdu late last month to order a vote on its 'final' contract offer, as well as then-federal labour minister Steven MacKinnon's decision last December to 'pause' a 32-day strike by creating an Industrial Inquiry Commission run by veteran arbitrator William Kaplan. 'The historic rights and benefits our union has gained for our members — and for Canadian society — such as maternity leave have been won through our collective bargaining rights,' CUPW added. 'The attempt to trample over them should send a chill through the labour movement. CUPW will be standing against a forced vote — and for collective bargaining rights.' In a written statement Monday, Canada Post said two days of talks last week to set the terms for arbitration didn't result in any progress. The Crown corporation also said the union still hadn't provided an official response to its final offer. It also suggested Kaplan's report should be part of the terms of reference for any arbitration. 'The final report of the Industrial Inquiry Commission clearly outlines the critical issues we face and the immediate actions that need to be taken. It should therefore be the foundational document that guides any discussions about Canada Post's path forward. The union's refusal to recognize the IIC report and its recommendations in their proposed terms of reference for arbitration is unacceptable,' Canada Post said. 'After 18 months we urgently need a fair resolution that begins to address our challenges while respecting the important role our employees play, and the voice they have in our future.' A spokesperson for Hajdu said the minister was still reviewing Canada Post's request for a vote on the 'final offer,' and urged the two sides to get back to the bargaining table. 'Last week Minister Hajdu asked the parties to return to the negotiating table with federal mediators to do two things: to seek to negotiate terms for an arbitration process to conclude this round of bargaining, and to have the union table its response to Canada Post's last global offers,' said Hajdu spokesperson Jennifer Kozelj. 'Canadians expect the parties to resolve this dispute. Both parties must meet and pursue these paths with urgency.' Labour experts say it's unclear exactly how the impasse can be resolved. Both sides, suggested University of Toronto professor Rafael Gomez, could be waiting for clearer signals from the federal government on whether it will act on Kaplan's recommendations. 'If the government hems and haws, then of course the parties aren't going to negotiate strongly,' said Gomez, director of U of T's Centre for Industrial Relations and Human Resources. 'If they said 'here's what we're doing about the report. We're implementing everything Kaplan has said,' that would move the needle.' While a full-blown strike might be another option for the union to try and force the issue, it's not clear if it would work, argued Stephanie Ross, a labour studies professor at McMaster University. The union doesn't have nearly as much leverage as it did last winter, Ross said, because it's not nearly as busy a time of year for parcels, but also because Kaplan's report was largely in line with the Crown corporation's arguments for restructuring. 'It's not clear how much pressure a walkout is going to put on the employer right now,' Ross said. Earlier this month, Canada Post rejected the union's request for binding arbitration, saying it would take too long, and could exacerbate their financial struggles. On May 28, Canada Post made what it called its 'final' contract offer, which includes a 13 per cent wage increase spread over four years, as well as a $1,000 signing bonus. Two days later, it asked Hajdu to order a vote on the offer, a request blasted by CUPW.

Finlay Minerals Announces Closing of Non-Brokered Private Placement of Flow-Through Shares and Non-Flow-Through Units
Finlay Minerals Announces Closing of Non-Brokered Private Placement of Flow-Through Shares and Non-Flow-Through Units

Cision Canada

time6 hours ago

  • Cision Canada

Finlay Minerals Announces Closing of Non-Brokered Private Placement of Flow-Through Shares and Non-Flow-Through Units

VANCOUVER, BC, June 9, 2025 /CNW/ - Finlay Minerals Ltd. (TSXV: FYL) (OTCQB: FYMNF) ("Finlay" or the "Company") is pleased to announce that it has closed its non-brokered private placement (the " Private Placement"), previously announced on May 26, 2025 and June 4, 2025, consisting in the issuance of: (i) 11,206,088 common shares of the Company issued on a flow-through basis under the Income Tax Act (Canada) (each, a " FT Share") at a price of $0.11 per FT Share, and (ii) 4,400,000 non-flow-through units of the Company (each, a " NFT Unit") at a price of $0.10 per NFT Unit, for aggregate gross proceeds to the Company of $1,672,670. Each NFT Unit was comprised of one non-flow-through common share of the Company (each, a " NFT Share") and one non-flow-through common share purchase warrant (a " Warrant"). Each Warrant is exercisable by the holder thereof to acquire one NFT Share at an exercise price of $0.20 per NFT Share until June 9, 2027, subject to acceleration as described in the Company's press release dated June 4, 2025. The Company intends to use the gross proceeds of the Private Placement for exploration of the Company's SAY, JJB and Silver Hope properties, and for general working capital purposes, as more particularly described in the amended and restated offering document in respect of the Private Placement filed on under the Company's profile. The Company will use the gross proceeds from the issuance of FT Shares to incur "Canadian exploration expenses" that qualify as "flow-through critical mineral mining expenditures", as such terms are defined in the Income Tax Act (Canada). The Private Placement was conducted pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions and in reliance on the Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. The securities issued to purchasers in the Private Placement are not subject to a hold period under applicable Canadian securities laws. The securities issued to certain insiders of the Company that participated in the Private Placement are subject to a hold period expiring on October 10, 2025 in accordance with the policies of the TSX Venture Exchange (the " TSXV"). The Private Placement is subject to the final approval of the TSXV. The Company paid aggregate cash finder's fees of $89,196 and granted 829,145 non-transferable finder warrants (each, a " Finder Warrant") to arm's length finders of the Company, as compensation for locating purchasers in the Private Placement. Each Finder Warrant entitles the holder thereof to purchase one non-flow-through common share of the Company at an exercise price of $0.20 per share until June 9, 2027. The Finder Warrants and the common shares issued on exercise thereof are subject to a hold period expiring on October 10, 2025 in accordance with applicable securities laws. Gordon Steblin, the Chief Financial Officer of the Company, participated in the Private Placement by subscribing for 200,000 FT Shares, which constitutes a related party transaction pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (" MI 61-101"). There has not been a material change in the percentage of the outstanding securities of the Company that are owned by Mr. Steblin as a result of his participation in the Private Placement. The Company is exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the participation of the insider in the Private Placement in reliance on the exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as the fair market value of the insider participation does not exceed 25% of the Company's market capitalization as determined in accordance with MI 61-101. The Company obtained approval by the board of directors of the Company to the Private Placement. No materially contrary view or abstention was expressed or made by any director of the Company in relation thereto. The Company did not file a material change report less than 21 days before the expected closing date of the Private Placement as the insider participation was not settled until shortly prior to closing and the Company wished to close on an expedited basis for sound business reasons. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements thereunder. About Finlay Minerals Ltd. Finlay is a TSXV company focused on exploration for base and precious metal deposits through the advancement of its ATTY, PIL, JJB, SAY and Silver Hope Properties; these properties host copper-gold porphyry and gold-silver epithermal targets within different porphyry districts of northern and central BC. Each property is located in areas of recent development and porphyry discoveries with the advantage of hosting the potential for new discoveries. Finlay trades under the symbol "FYL" on the TSXV and under the symbol "FYMNF" on the OTCQB. For further information and details, please visit the Company's website at On behalf of the Board of Directors, Robert F. Brown, Executive Chairman of the Board & Director Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Information: This news release includes certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the final approval for the Private Placement from the TSXV and the planned use of proceeds for the Private Placement. Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include the ability to obtain regulatory approval for the Private Placement, the state of equity markets in Canada and other jurisdictions, market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay's proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements, and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law. SOURCE Finlay Minerals Ltd.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store