William Jordan McBean is found guilty of fraud by the Court

CALGARY, AB, Jan. 16, 2023 /CNW/ – Alberta Securities Commission (ASC), the Alberta RCMP Federal Policing Integrated Market Enforcement Team, (IMET), was announced today by the Joint Serious Offences Team. William Jordan McBean This is Calgary, Alberta He was convicted on 12 counts fraud. $5,000 Under the Criminal Code.

After a trial, Justice W. Patrick Sullivan of the Court of King’s Bench of Alberta McBean defrauded 11 victims of a total amount of $2 Million In fees to allegedly get access to billions in financing. This never happened. Another victim was a woman in her 70s who was also defrauded. $425,035 US McBean funds for investment purposes.

On April 18, sentencing submissions will be made February 21, 2023 in the Court of King’s Bench, Calgary.

JSOT thanks the Financial Transactions and Reports Analysis Centre for their assistance. Canada (FINTRAC), Calgary Police Service and the Securities Commission of the Bahamas In this matter.

JSOT is an enforcement alliance between the ASC and IMET. JSOT prosecutes quasi-criminal securities-related criminal offenses under the Criminal Code and investigates and prosecutes them. JSOT targets serious frauds, repeat offenders, and violations of ASC, court orders, and bans. The principal objective of JSOT is to protect investors and boost investor confidence. Alberta Capital market by collaborative investigations and prosecutions for serious violations of law using the provisions Securities Act (Alberta) or the Criminal Code.

The ASC, the provincial regulatory agency, is responsible for administering the securities laws. It has the responsibility of fostering an efficient and fair capital market. Alberta Assisting investors. The ASC is a member the Canadian Securities Administrators and works to improve, coordinate, and harmonize regulation. Canada’s Capital markets

IMET is a specialized unit that falls under the purview of the Alberta Federal Policing Program of the RCMP that detects and investigates market fraud. IMET collaborates closely with the ASC in order to protect investors, and increase investor confidence. Canada’s Capital markets

SOURCE Alberta Securities Commission

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