When creditors bring claims against corporate debtors, they sometimes face the prospect that the debtor will have insufficient assets to satisfy any resulting judgment. For this reason, creditors will sometimes cast the net of potential defendants as wide as reasonably possible. In some situations, creditors may be able to name a broader group of parties […]
Category Archives: Fraud Litigation
Ontario Court Gives Green Light to Investigate Cryptocurrency Exchange
The cryptocurrency market has yet to recover from its all-time highs, and in the wake of its slowed growth, litigation has arisen amongst a popular cryptocurrency exchange. Binance, one of the world’s largest online cryptocurrency asset trading platforms, has been investigated by the Ontario Securities Commission (“Ontario Securities Commission”) for failing to bring its operations […]
Can Employers Recover Stolen Funds From Employees?
Employee fraud is a form of civil fraud and is a serious offence whereby an employee commits fraud against their employer’s company or organization. Employee fraud can break trust in the employment relationship and be grounds for a “just cause” dismissal. Beyond this, it can cause serious financial consequences for the employer, who may be […]
Court Declines to Grant Interim Relief Staying Investigation Order
Injunctions are powerful legal remedies that can be requested by a party and granted in a vast range of disputes. The purpose of an injunction is to either force a party to do something or prevent them from doing something to preserve assets or evidence. Injunctive relief is often sought in commercial disputes, such as […]
What You Should Know About Investment Fraud in Ontario
Investment fraud is quickly becoming a common occurrence experienced by Ontarians and can be challenging to realize before it is too late. There are a substantial amount of investment products available on the market, which can easily overwhelm the average Canadian investor. Therefore, many individuals looking to make smart investments look to financial professionals, such […]
Criminal Fraud, Civil Enforcement
In Ontario, fraud can be categorized into two main types: civil fraud and criminal fraud—the main difference lies in the legal consequences and available remedies to victims. While civil fraud provides a mechanism for victims to sue and seek compensation from the perpetrator, the primary remedy for victims of criminal fraud is restitution orders. However, […]
The Civil Fraud Glossary: Commonly Used Terms
Civil fraud is a serious issue that can have severe consequences for individuals and businesses. It involves deceiving or misleading another person to obtain an unfair advantage or financial gain. To fully understand civil fraud, it is essential to be familiar with the standard terms used in this area of law. This article will comprehensively […]
What is Bill C-26? New Canadian Cyber Security Regulations
As more of our lives are conducted online, the potential for cyber security breaches increases each year. The quick adoption of new technologies, including 5G networks, has exposed Canadian infrastructure to cyber security threats and has the potential to compromise national security. In response, the Government of Canada has proposed Bill C-26 to secure Canada’s […]
Court of Appeal Allows Fraudulent Misrepresentation as Defence to Contract Default
Contracts form the basis of every business relationship. Contracts can be customized to fit the needs of the parties who choose to enter them. However, it is not uncommon for parties to default on their contractual obligations, leading to contract disputes and litigation. In the recent case of 10443204 Canada Inc. v. 2701835 Ontario Inc., […]
Ontario’s Former “Crypto King” Facing Bankruptcy and Investor Claims After Losing Millions
A 23-year-old self-titled “Crypto King” from Whitby, Ontario, who just months ago was written about in finance publications, is now embroiled in a bankruptcy proceeding, and facing the ire of several investors who claim he lost their life savings. Aiden Pleterski, owner of AP Private Equity Limited, initially made headlines in Canada and abroad after […]