Tag: British Columbia Securities Commission
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URGENT >> BULLETIN >> MOVING: SEC Charges DFRF Enterprises In Ponzi- And Pyramid Scheme Case; Agency Ties TelexFree Figure Sann Rodrigues To Charged DFRF Operator Daniel Fernandes Rojo Filho
URGENT >> BULLETIN >> MOVING: (15th Update 4:43 p.m. EDT U.S.A.) The SEC has gone to federal court in Massachusetts, charging DFRF Enterprises and alleged operator Daniel Fernandes Rojo Filho with operating a combined pyramid- and Ponzi scheme targeted at “Spanish and Portuguese-speaking communities in Massachusetts, Florida, and elsewhere in the U.S.” Six alleged promoters…
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British Columbia Securities Commission Issues Investor Alert On DFRF Enterprises Or Other ‘Companies Associated With Daniel Fernandez Rojo Filho’
URGENT >> BULLETIN >> MOVING: (Updated 6:30 p.m. EDT U.S.A.) The British Columbia Securities Commission has issued an Investor Alert on “DFRF Enterprises LLC, DFRF Enterprises Ltd., or other companies associated with Daniel Fernandez Rojo Filho.” This appears to be the first such warning about DFRF in North America. The claims associated with Rojo Filho…
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British Columbia Bans U.S. Resident From Securities Market, Says She Was Pushing Fraud Schemes For Commissions
The British Columbia Securities Commission, which regulates securities in the Canadian province, has banned a U.S. resident who allegedly promoted a series of schemes on commission. “Sharon Downing has admitted that she engaged in an illegal distribution of securities,” BCSC said. Downing, according to BCSC, promoted schemes for Thomas Arthur Williams and six entities engaged…
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BRITISH COLUMBIA: Man Under Investigation For $5K Offering Fraud Launched Double-Down Scam; Won Sang Chen Cho Banned From Securities Markets; BCSC Says He ‘Poses A Serious And Continuing Risk’
A British Columbia man already under investigation for duping investors $5,000 at a time doubled down and then went for $10,000, the British Columbia Securities Commission said. Won Sang Chen Cho, also known as Craig Cho, now has been banned for life from the securities trade, the agency said. Cho, the agency said, “poses a…
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BCSC: Scammers Ripped Off Canadians In Forex Scam In Which Money Was Wired To Costa Rica; At Least 1 Investor Duped Into Making Payment Of $13,000 Purportedly For U.S. Taxes In Ill-Fated Bid To Recover Lost Principal
EDITOR’S NOTE: The PP Blog reported yesterday about a massive alleged penny-stock scam married to an advance-free fraud scheme in which investors were duped into believing they were interacting with IRS employees trying to collect taxes and a law firm interested in recovering funds from the stock swindle. Federal prosecutors in Brooklyn said the scammers…
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VANCOUVER SUN: Investors From At Least 3 Countries Plowed Millions Into Scheme That Has Led To Suspension Of British Columbia Notary Public; Ponzi Probe Triggers Questions About Overlooked Red Flags And Lack Of Due Diligence By Salesman
EDITOR’S NOTE: Some investors in Canada, the United States, the United Kingdom and potentially elsewhere got an unpleasant Valentine’s Day surprise when they learned that an investment scheme into which they had plowed millions of dollars was under investigation by the British Columbia Securities Commission (BCSC) in Canada. In the early stages of the probe,…