Swedish National Clearing, Horizon Investments and Jacky Vaugier
Posted: May 18, 2010
York Regional Police Major Fraud Unit previously issued a Media Release announcing their investigation of a complaint of an investment fraud in the City of Vaughan related to Swedish National Clearing and Horizon Investments.
It is believed that this matter affects more than 250 investors and as much as $14 million. To date, approximately 50 investors have come forward with losses claimed of approximately $5.6 million. On May 14, 2010, the Honourable Justice Hoy of the Ontario Superior Court of Justice (Commercial List) granted a request from investors that A. Farber & Partners Inc. be appointed as Receiver over Swedish National and Jacky Vaugier in order to investigate, preserve and recover assets resulting from the alleged fraud.
Bennett Jones LLP Fraud Law Group has been appointed as counsel to the Receiver.
Anyone with information regarding the alleged fraud is encouraged to contact:
Wendy Marshall
416 496-3717
wmarshall@farberfinancial.com
Updated: July 22, 2010
The Receiver is preparing to report to the Court concerning the results from its investigation into the alleged fraud. Once the Report is complete, it will be filed with the Court and posted to this site. It is estimated that this should take place within the next 30 days.
Updated: August 26, 2010
In anticipation of completing the Receiver's report to the Court, a hearing date has been scheduled for September 15, 2010. The hearing will be at 330 University Avenue, Toronto and open to the public. The Receiver's report will be posted on this site once it is completed and filed with the Court.
If you are an investor and have not previously provided your contact information and investment details to A. Farber & Partners Inc. or its counsel, Bennett Jones LLP, please click on the button below and complete the form with your information to be added to our contact list.
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