A financial advisor from Township of Severn, Ontario, faces serious allegations involving theft of over $1.8 million from clients. The Ontario Provincial Police have charged him with multiple offenses, including defrauding the public and forging documents, resulting from a thorough 16-month investigation. It was discovered that the advisor allegedly instructed clients to write cheques directly to him rather than the investment company, which facilitated the misappropriation of their funds. Authorities advise investors to regularly review their statements and transaction history to ensure proper fund allocation.
The Ontario Provincial Police have charged a financial advisor with defrauding clients and uttering forged documents following a lengthy investigation into alleged theft exceeding $1.8 million.
Clients were reportedly instructed to make cheques payable to the advisor instead of the investment company, leading to the misallocation of funds.
Collection
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