The British Columbia Securities Commission has ruled that former notary public Rashida Samji’s shady 10-year investment offering to support the financing of a B.C.-based winery added up to a $100-million Ponzi scheme using more than 200 investors, according to a decision released Tuesday.
Samji still faces criminal charges of theft and fraud related to $17 million she raised from 14 investors, and a slew of civil actions related to unravelling the flow of money in the scheme.
However, the commission, in its decision, ruled Samji perpetrated fraud under the B.C. Securities Act…
Derrick Penner – Vancouver Sun – July 22, 2014.
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