Ontario man loses $260K in ‘pump-and-dump’ scam
A Richmond Hill man, lost $260,000 in a sophisticated “pump-and-dump” scam shortly after moving his investments to a website falsely claiming to be Wealthsimple. Targeted by Instagram ads mimicking Wealthsimple’s branding, Klait joined an online trading forum that initially helped him profit $14,000. Trusting the group, he invested a larger sum, only for the stock […]