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‘Man of God’ fraud

Fraud Alert:

A businessman who posed as a “man of God,” when he lured his victims to invest in a $1.1-million fraud scheme was sentenced to four years in prison on Friday 17 June 2016 for fraud and money laundering.

Don Van Bodegom, 54, who, court heard, left 20 victims from across Ontario “devastated” after taking their life savings showed no emotion as a police officer snapped on handcuffs and led him off to prison. He was also ordered to pay back the money within five years of his release from prison or he could be sent back to prison for another five years.

“This was a large scale, sophisticated fraud scheme that had a severe and profound effect on the victims,” said Justice John McDermott. “It has left real human suffering.”

Court heard that Van Bodegom posed as a religious man and even lured some victims at a prayer group he ran in 2009….

Full Article: Man gets four-year sentence for ‘Man of God’ fraud | Toronto & GTA | News | Toro