Jim can also known as Cem Can pulls up to his business meetings in a Bentley, wearing fancy clothes and slicked back hair, the standard attire/facade of the confidence man. When casually asked by acquaintances, family and friends he claims to be an investment banker or an oil man. In truth, Jim Can is Calgary's King of Penny Stock fraud and he has stolen millions from the public with his various schemes.

Known as the headquarters for several major energy companies thanks to Alberta's vast oil reserves, Calgary, is a western Canadian boom town turned big city. A bland, cultureless home to about one million people mostly living in cookie-cutter houses, Calgary is the residence of oil executives and wannabes alike. As home of the now defunct Alberta Stock Exchange, Calgary was also a bastion of fraudulent energy and mineral plays listed on the Alberta and Vancouver Stock Exchanges, perhaps none more prevalent than the infamous Bre-X Minerals scandal, which resulted in the merging of the two exchanges into the TSX-Venture Exchange, and significantly tighter regulations and reporting requirements. With the noose tightened around shysters who would pick the pockets of unsuspecting investors with "fool's gold" plays, these snake oil salesman packed up their salted mines, and other phony baloney get-rich-quick schemes, and looked to the US OTC markets as a safe haven to conduct "business". In an environment where FINRA often looks the other way and the SEC is impotent, penny stock fraud is rampant, and there are plenty of suckers and believers in fairy tales susceptible to the romance of untold and untrue riches offered by wooers like Jim Can.

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