Ms. Alison Walker reports
RICHMOND MAN CHARGED WITH FRAUD AND THEFT FOLLOWING B.C. SECURITIES COMMISSION INVESTIGATION
Naresh Singh Mann (also known as Nash Mann), 52, of Richmond, B.C., was charged with one count of fraud over $5,000 and one count of theft over $5,000 under the Criminal Code on April 11, 2018, following an investigation by the B.C. Securities Commission's criminal investigations branch. On April 11, 2018, Richmond RCMP served Mr. Mann with a summons to appear in Vancouver Provincial Court on this matter.
It is alleged that in February, 2013, Mr. Mann convinced a Vancouver resident to invest in an on-line gambling company, claiming the investment would generate significant returns in six months. Rather than invest the money as promised, it is alleged Mr. Mann misappropriated the bulk of the invested money.
Mr. Mann's first appearance occurred in Vancouver Provincial Court on May 10, 2018. His next appearance is set for June 7, 2018.
About the B.C. Securities Commission
The B.C. Securities Commission is the independent provincial government agency responsible for regulating capital markets in British Columbia through the administration of the Securities Act. Its mission is to protect and promote the public interest by fostering:
- A securities market that is fair and warrants public confidence;
- A dynamic and competitive securities industry that provides investment opportunities and access to capital.
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