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Three B.C. residents have been ordered to pay nearly $1 million in penalties for their roles in an elaborate fraud that U.S. regulators described as both a Ponzi and a pyramid scheme.
The fraud took place at a presentation for investors at a luxury hotel in Vancouver, B.C.
Three B.C. residents participated in an elaborate international fraud that U.S. investigators have called both a Ponzi and a pyramid scheme, the province's financial markets regulator has ruled.
iPolitics By iPolitics. Published on Apr 21, 2021 12:23pm The Lead U.S. President Joe Biden is set to virtually host a global climate summit on Thursday and Friday, where he will announce significant changes to current climate policies. Biden is expected reveal his goal of cutting American greenhouse gas emissions in half by the end of the decade, according to the New York Times. Biden’s target nearly doubles the pledge made by the Obama administration, which promised to cut emissions 26 to 28 per cent below 2005 levels by 2025. Biden administration officials noted that his announcement...