The Canada Border Services Agency (CBSA) announced that a person has plead guilty to fraud charges related to immigration in Saskatchewan. Following an investigation, Abdulkader Ali of Regina pleaded guilty to two charges related to the falsification of immigration documents on February 17. Subsequent sentencing saw Ali sentenced to two years of probation, 200 hours of community service, and a fine of $75,000.
Investigation begins
CBSA began their investigation in February 2019, after Immigration, Refugee and Citizenship Canada (IRCC) received a complaint from a Regina-based group called Justice Seeks.
The complaint said that Ali, while working as a refugee field worker for a local sponsorship organization, had used his position for personal gain by accepting money from refugees in exchange for promises to fast-track immigration applications. The complaint was referred to the CBSA,…
Investment fraud targets the human desire for financial growth by promising high returns with “low to no risk.”
- Ponzi Schemes: Named after Charles Ponzi, these schemes pay “returns” to earlier investors using the capital brought in by newer investors. There is no actual underlying business; the system collapses when new recruitment slows down.
- Pyramid Schemes: Similar to Ponzi schemes, but participants are usually required to sell a product or service. The primary “profit” comes from the recruitment fees of new members rather than actual product sales.
- Pump and Dump: Fraudsters spread false, positive rumors about a cheap stock (the “pump”) to drive up the price. Once the price peaks, they sell their shares (the “dump”), leaving other investors with worthless stock.