Money Laundering Activities in Canadian Banks

Ottawa's money laundering watchdog, Fintrac, had released a confidential report "not intended for public release" into parliament in December that had apparently shed light on the current situation of Canadian Banks in which a large percentage of non-compliance exists when investigating them and subsequently the rates of money laundering are suspected to be higher and …

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Bread Price-Fixing Analysis

In late 2017 Loblaw’s and Weston came forward acknowledging that they had participated in fixing the price of bread over a fourteen year time period. Because of their cooperation they have been granted immunity from any court action, though they are still facing a civil lawsuit from consumers. Fixing the price of bread has cost …

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Millions Affected by Breach of Personal Information on MyFitnessPal App

Earlier this week, Under Armour, the company that owns the widely popular app MyFitnessPal announced that millions of people using this app have been affected by an unknown breach. It was announced that millions of emails, passwords, usernames, and other personal information was stolen by an unknown source. Once the nature and severity of the breach …

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Calgary Man Charged with Vehicle Cloning and Insurance Fraud worth $625,000

Baltej “Dave” Dhaliwal, 54, owner of Dave’s Auto Ltd. is charged with vehicle cloning and an insurance fraud scheme worth up to $625,000. Vehicle cloning is when a stolen vehicle is registered and sold with an already existing VIN (Vehicle Identification Number). The VIN numbers can be found from cars that are "wrote off" from accidents …

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Canada’s Largest Ponzi Scheme, Gary Sorenson and Milowe Brost

In 2009, Gary Sorenson and Milowe Brost were charged with two counts of fraud and two counts of theft, and were later sentenced to 12 years in prison each after committing the largest Ponzi scheme in Canadian history (CBC News, 2015). A Ponzi scheme uses promises of large returns on investments to generate new investors. …

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