Sunday, November 13, 2022
HomeWealth ManagementVictoria man admits to misappropriating traders’ funds

Victoria man admits to misappropriating traders’ funds

The B.C. Securities Fee’s Prison Investigations Department led the investigation that led to the costs towards Rochefort.

In 2008, Rochefort started working as a salesman at an actual property funding agency, which was elevating cash for a 160-acre property improvement in Alberta.

Beneath the phrases of his employment, he was entitled to 10% of the cash he made promoting the corporate’s securities. Rochefort acted as a dealer within the sale of those securities to a number of traders.

Rochefort mediated a variety of offers for present traders seeking to improve their stakes in the true property improvement agency between 2013 and 2016. He informed them to ship the cash to a B.C. firm, Reserve Cascadia Excursions Restricted, which was related to Rochefort’s completely different enterprise endeavours.

Buyers have been informed that the funds can be despatched on to the true property improvement firm, the place they might be invested.



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