Ex-Comox man dedicated $4.6M fraud: Securities Commission

A former Comox Valley resident now dwelling in Alberta has been accused by the B.C. Securities Commission of defrauding buyers of $4.6 million and mendacity underneath oath to fee investigators.

The fee alleges that Connor Sinclair Gardiner-Ingram raised $4.6 million from dozens of buyers between 2021 and 2024 on the premise that the funds could be used to put money into cryptocurrency buying and selling bots.

It stated buyers had been advised they might put money into a bot that will commerce for a selected time interval, and on the finish of that point, they’d obtain earnings.

However, the fee alleges Gardiner-Ingram used the funding funds he obtained to fund his life-style, spending them on journey, jewellery, luxurious items, automobiles, transfers to his household and making money withdrawals.

The fee additionally alleges Gardiner-Ingram offered false statements to investigators underneath oath about plenty of issues, together with the motion of funds from buyers and having accounts or a line of credit score at Silicon Valley Bank.

The allegations haven’t been confirmed. The fee has stated Gardiner-Ingram or his counsel is required to look on the B.C. Securities Commission’s workplaces Sept. 15 if he needs to be heard earlier than a listening to is scheduled.

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