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Ontario man s fraud charge dropped while he was allegedly running $10M Ponzi scheme: lawsuits

A Thornhill, Ont., man solicited at least $3.5 million for an alleged Ponzi scheme while charged with fraud for a prior alleged investment scam, according to lawsuits and records reviewed by CBC Toronto. After the criminal charge was dropped, they allege the man went on to defraud another $6.5 million from investors bringing the total claimed to $10 million.

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