Ontario Provincial Police News Portal OPP Media Release STORMONT DUNDAS and GLENGARRY OPP CHARGE FORMER CORNWALL FINANCIAL ADVISOR FOLLOWING A 13 MONTH INVESTIGATION 2016-10-28
FROM/DE: Criminal Investigation Services Anti-Rackets Branch
DATE: October 28, 2016
OPP CHARGE FORMER CORNWALL FINANCIAL ADVISOR FOLLOWING A 13 MONTH INVESTIGATION
(OTTAWA, ON) – As a result of a 13 month investigation, the Ontario Provincial Police (OPP) Anti-Rackets Branch, Economical Crime and Corruption, Ottawa Unit, has charged a former financial advisor, operating Gilden Financial Solutions Corporation; Harris Wealth Group Inc.; and Protector Management Inc.
The fraud investigation was referred to the OPP by the Cornwall Community Police Service (CCPS) in September 2015, due to the multi-jurisdictional nature of the complaint.
Gilles Remy SAUCIER, 60 years of age, of Brampton, Ontario (formerly of Cornwall), is charged with the following offenses:
• 7 counts of Fraud Over $5000 contrary to Section 380(1)(a) of the Criminal Code;
• 7 counts of Misappropriation of Money Held Under Direction contrary to Section 332 of the Criminal Code;
• 1 count of Obtaining by False Pretense contrary to Section 362(1)(a) of the Criminal Code; and
• 2 counts of Failure to Comply with Condition of Undertaking contrary to Section 145(3) of the Criminal Code
The accused was arrested on October 27, 2016 and was subsequently released on a Recognizance by a Justice of the Peace following a Show Cause hearing. The accused is scheduled to appear in the Cornwall Ontario Court of Justice, on November 17, 2016.
•If you receive an investment opportunity, get a second opinion from your registered financial adviser, lawyer or accountant.
•Anyone selling securities or offering investment advice in Ontario must be registered with the Ontario Securities Commission (OSC), unless they are exempt from this requirement. To check whether someone is registered, call the OSC Contact Centre at 1-877-785-1555.
•Ask for proof of the guarantee in writing and remember, a guarantee is only as good as the person or company offering it.
•If you don’t understand the investment, don’t invest.
•Always remember, if an offer sounds suspicious or seems “too good to be true”, it probably is. If you suspect that you may be a target of fraud, or if you have already sent funds, don’t be embarrassed – you’re not alone.
•If you suspect you or someone you know has been a victim of fraud, contact your local police service or CrimeStoppers at 1-800-222-8477 (TIPS) or online at https://www.tipsubmit.com/ or the official entity that it appears to be from.
“Whether it is vulnerable citizens cheated out of their life savings or young people stripped of their assets and forced to start over, the harm caused by all types of fraud is staggering. The money taken is used to fuel other illegal activities, causing further harm to society as a whole.”
– J.V.N. (Vince) HAWKES, OPP Commissioner
FRAUD…Recognize it…Report it…Stop it.