Unsuccessful efforts to locate a London financial adviser facing four counts of professional misconduct were detailed in a disciplinary hearing Friday.
The Old South home of a London financial adviser accused of defrauding clients of $1.5 million sold for nearly $800,000 over the asking price and drew more…
The Old South home of a London financial adviser accused of defrauding clients of $1.5 million sold for nearly $800,000 over the asking price and drew more…
For years, London retiree Sofia Smith trusted London financial adviser Chanrith Yin to do her taxes.
Smith was careful with her money. Retired from a variety of jobs and a widow, she collected two pensions and had some money tucked away.
When she and Yin discussed an opportuity to invest $100,000 in a private mortgage for a Komoka home in February 2019, the trust he’d built up and the eight per cent return he promised convinced her to sign the deal, Smith says.
Under the terms of the contract, dated Feb. 21, 2019, and reviewed by The London Free Press, Smith was to receive $8,000 in interest to be paid in 12 monthly instalments from Nobis Group Property Management, which Ontario corporate records show is Yin’s company.