2008/14 Ponzi scheme operators committed fraud and ordered to pay millions into courts

                                                                   
   
      2008/14 Ponzi scheme operators committed fraud and ordered              
   
      to pay millions into courts                                              
   
                                                                       
   
   

                                                             
   
        Vancouver - A British Columbia Securities Commission panel            
   
      has ordered three men to pay $12.7 million into the courts              
   
      for operating a fraudulent Ponzi scheme that bilked 89 B.C.              
   
      investors out of millions of dollars. The panel also permanently        
   
      banned the men from the public markets and ordered them to              
   
      pay $4 million in administrative penalties. On ...                      
   
                                                                 
   
   

http://www.bcsc.bc.ca/release.asp?id=6169