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by Mike Caswell

Kenneth Derksen, a former employee of Investors Group Financial Services Inc., has received two years of house arrest for a scheme in which he transferred $155,800 from the accounts of a client to his own account. Prosecutors said that the money, which Mr. Derksen took over a period of about two years, went to fuel a gambling habit. The scheme occurred in part when the client was hospitalized in Thailand and was extremely vulnerable.

The two-year sentence for Mr. Derksen, 59, is contained in a judgment handed down in the Provincial Court of British Columbia on May 1, 2026, in the Vancouver Island town of Courtenay. During his house arrest, Mr. Derksen must remain in his home except for employment purposes, community work service or medical emergencies. In addition to the two years of house arrest, Mr. Derksen must complete 100 hours of community work and must serve one year of probation.

The events at issue go back to 2016, when Mr. Derksen began transferring money from the account of a client. The mechanics were simple (or reflected those of an "unsophisticated enterprise," in the words of the judge). Mr. Derksen electronically transferred money in amounts ranging from $300 to $3,000 to his personal account.

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