Posted: Jun 03, 2021 6:00 AM AT | Last Updated: June 3
The long and complicated case cost investors hundreds of thousands of dollars.(David Donnelly/CBC)
The Nova Scotia Securities Commission has found two men guilty of fraud and other infractions in a long and complicated case that cost investors hundreds of thousands of dollars.
Douglas Rudolph and Peter Mill solicited investments from a variety of people they knew, making lavish promises about the returns on those investments and bizarre excuses when the promised money failed to materialize.
In a decision released this week, the commission found Rudolph and Mill committed the frauds as individuals and as principals in two companies: CanGlobe International Capital and CFG-CN Ltd.