December 6, 2018 - 10:00 AM EST
Print Email Article Font Down Font Up
Ontario resident sentenced for filing a false prospectus

Canada NewsWire

LONDON, ON, Dec. 6, 2018 /CNW/ - In November 2013, the Integrated Market Enforcement Team (IMET) of the Royal Canadian Mounted Police (RCMP) in Toronto charged Robert Vanier of London, Ontario for one count of filing a false prospectus contrary to section 400 of the Criminal Code of Canada (CCC) and for two counts of perjury pursuant to Section 131 of the CCC. 

The investigation was related to a publicly traded natural resource company in Ontario that was listed on the junior Canadian Natural Resources Limited (CNQ) stock exchange.  False prospectuses were listed at over $22 million CAD.

On November 23, 2018, Vanier was convicted by a jury of filing a false prospectus and was sentenced on November 30, 2018 to 8 years in jail by Justice Dunphy of the Superior Court of Ontario.  Vanier can appeal this decision.

This complex investigation was led by the Toronto Integrated Market Enforcement Team.   This specialized RCMP-led unit is mandated to protect the integrity of Canada's Capital Markets by detecting, investigating and deterring capital market fraud, such as market manipulation and filing false prospectuses.  "The Toronto IMET team worked closely with the Ontario Securities Commission as well as federal and provincial partners throughout the course of this investigation.  The approach of working closely with partners is generating results for the enforcement of financial crimes." said Karen Manarin, Acting Officer in Charge of IMET. 

IMETs are located in British Columbia, Alberta, Ontario and Quebec and are funded by the Government of Canada are led by the RCMP. Their goal is to detect, investigate and charge those using capital markets to harm the economic interests of Canadians.

SOURCE Royal Canadian Mounted Police

View original content:

For media inquiries please contact: Sgt. Penny Hermann, Media Relations NCO, RCMP "O" Division (Ontario), PHONE #905-876-9571, Twitter: @RCMPONT, Facebook: RCMP.Ontario, YouTube: RCMPGRCPOLICE, Website: RCMP in Ontario, Email: [email protected]Copyright CNW Group 2018

Source: Canada Newswire (December 6, 2018 - 10:00 AM EST)

News by QuoteMedia

Legal Notice