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by Mike Caswell

Harbourfront Wealth Management Inc. is poised to retrieve some of the $504,152 that it claims it lost to an unknown fraudster earlier this year. The firm has traced a portion of the money to accounts at the Bank of Nova Scotia and has requested a court order that would grant it the money. The money only represents a portion of Harbourfront's loss, amounting to $100,405 (U.S.) and $18,415 (Canadian).

The money is the subject of a lawsuit that Harbourfront filed in the Supreme Court of British Columbia on June 19, 2025. Harbourfront claims that an unknown party, posing as a wealthy investor using the name Robert Samuels, transferred money in and out of the firm repeatedly. Some time later, the incoming transfers came back as rejected, by which time the unknown fraudster had made off with much of the money, the suit claims.

Harbourfront has not identified the fraudster, but it has made some progress in finding the money, with the latest details set out in an application filed on Tuesday, Dec. 9, at the Vancouver courthouse. The firm says that it has determined that accounts at the Bank of Nova Scotia received some of the money and that one account still holds $100,405 (U.S.), while another account at the bank holds the other amount, of $18,415 (Canadian). Both accounts are "preserved for recovery" according to the application.

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