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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 ...
Libor scandal. This dwarfs by orders of magnitude any financial scam in the history of markets. [1][2] The Libor scandal was a series of fraudulent actions connected to the Libor (London Inter-bank Offered Rate) and also the resulting investigation and reaction. Libor is an average interest rate calculated through submissions of interest rates ...
The Cost of Falling For Scams. To put it frankly, the financial and emotional toll of falling for scams can be devastating. “In 2023 alone, falling for scams cost Americans over $10 billion, and ...
Royal Bank of Canada
August 21, 2024 at 3:59 AM. Getty Images. Good morning. Royal Bank of Canada's (RBC) recent firing of its longtime CFO Nadine Ahn and her lawsuit against the bank is putting personal office ...
Try This: 7 Reasons You Must Speak To a Financial Advisor To Boost Your Savings in 2024. Additionally, 11% said they were victims of money transfer or mobile payment service scams — 20% on Cash ...
The Ombudsman for Banking Services and Investments ( OBSI) is the Canadian external dispute resolution organization whose responsibility is to handle the financial disputes of consumers and small businesses that could not be resolved by the customers and the financial firms on their own. The OBSI provides the service on an impartial and ...
In 2021, more than 2.8 million consumers reported that they were victims of scams, with total losses for the year adding up to $5.8 billion, according to the Federal Trade Commission. The FTC also...
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