Accessibility/Mobile Features
Skip Navigation
Skip to Content
Editorial News
Business
Classified Sites

The Canadian Press - ONLINE EDITION

RCMP charge two in alleged investment scam defrauding investors of millions

KITCHENER, Ont. - Police have charged two people after at least 160 investors were allegedly defrauded of more than $21 million.

The RCMP say that from 2006 to 2010 investors were led to believe they could get 20 per cent to 30 per cent returns on their investments through day trading and development and resort properties.

The Mounties say an investigation found the majority of the money was not invested by the accused and was instead re-directed to other non-interest paying schemes.

Vincent Carl Ciccone, 64, and Karen Rose Thomson-Ciccone, 60, both of Kitchener, Ont., have been charged with fraud over $5,000.

They're both in custody and were scheduled to make their first court appearance Wednesday in Kitchener, Ont.

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on brandonsun.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

Comment
  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.

letters

Make text: Larger | Smaller

Brandon Sun Business Directory
Sudden Surge: Flood of 2014
Opportunity Magazine — The Bakken
Why Not Minot?
Welcome to Winnipeg

Social Media

Canadian Mortgage Rates