Platinum Equities Inc. and its founder Shariff Chandran have been hit with punishments totaling over $1 million in connection with a large-scale fraud that, in some cases, bilked investors of their life savings.
The Alberta Securities Commission made the ruling this week, noting that “Over $58 million was raised from investors in the Platinum Issuer syndications, a significant portion of that through illegal trades and distributions.”
Jim Kerr – Alberta Venture – October 2, 2014.
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