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Darrell Zimmerman is a Canadian free jazz musician, activist and a former floor trader convicted of wire fraud. The "Zimmerman Rule", named for him, prevents individuals who trade in the Chicago exchanges to profit from trades made over stipulated limits. Zimmerman ran twice for mayor of Vancouver, both times unsuccessfully.
The firm's fixed income trader, Stephen Duthie, accumulated losses in unhedged U.S. Treasuries that resulted in Phoenix losing approximately 75% of its assets in a month as the positions were unwound. [1] [2] This early Canadian hedge fund blow-up was the result of deceitful trading and incompetent oversight rather than fraud or malfeasance.
A Canadian trader turned $65,000 into $306 million by betting on Tesla during the pandemic. However, a lawsuit shows the trader lost it all in the 2022 bear market.
He was charged with fraud and forgery by Toronto police but was not convicted, since the Canadian courts lacked adequate trial time to give him a trial. The following year, he was arrested again and charged with fraud in a similar print investment scheme that netted $9 million. In 2018, he was convicted for fraud and sentenced to eight years.
A self-proclaimed Canadian "Crypto King" and an associate who received more than C$40 million ($29.4 million) from investors have been arrested and charged with fraud, police said on Wednesday.
MOSCOW (Reuters) -Police in St Petersburg have detained an Israeli-Canadian racing car driver wanted by the United States for alleged large-scale fraud relating to an illegal online stock trading ...
Brian Hunter (born c. 1974) is a Canadian former natural gas trader for the now closed Amaranth Advisors hedge fund. Amaranth had over $9 billion in assets but collapsed in 2006 after Hunter's gamble on natural gas futures market went bad.
Bertram Earl Jones (born June 24, 1942) is a Canadian unlicensed investment adviser who pleaded guilty to running a Ponzi scheme that CBC News has reported cost his victims "a conservative estimate of about $51.3 million taken between 1982 and 2009". [1] After pleading guilty to two charges of fraud in 2010, he was sentenced to 11 years in ...