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A British Columbia Securities Commission (BCSC) panel has found that a B.C. resident, Larry Keith Davis, has committed fraud on an investor. Davis purported to sell the individual, who has not been named, shares in a company that he did not own and instead used the investor’s money for personal expenses.
Used Funds For Personal Expenses
In June 2011, Davis led the investor in question to believe that he owned shares in a U.S.-based company and that she could purchase the shares through him. The investor paid Davis $4,000 in exchange for 40,000 shares, which he instead deposited into his personal bank account ... (read more)