Whitchurch-Stouffville Newspaper Index

Stouffville Tribune (Stouffville, ON), August 24, 2000, p. 11

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ecbnomistjst suntribune pqlice y thursday aug24 2600 j a l- jzje jill fvgenter j c by lisa queen staff writer v h- although charged in july with defrauding clients of 231000a former life insurance agent convinced two senior citizens to let him invest almost 17 million on their behalf but york regional police det fred kerr said the money wasnt used to purchase mutual and segregated funds fofthe 79yearold beaverton man and 66yearold widow- from victoria county r according to kerr between january 1998 andthis month the man was convinced to invest about 100000 and the woman 16 million in various investment funds held by canada life and industrial alliance life v but while the victims were given statements detailing their investment portfolios the companies never received the money davidblow 42 of mount albertwas chafgedtuesday with two counts of fraud over 5000 kerr said the victims became suspicious after learning blow had been charged with two counts of fraud and six of uttering forged documents in early july the earlier charges relate to a 68yearold man and a yearold woman who complained they were bilked of 231000 after life insurance policies were cashed in and mbney was hot invested according to instructions jblow who worked as a life insurance agent in stouffville between january 1997 and april 2000 was convicted and par doned of fraud more than a decade ago v according to brian donlevy a spokesperson for the- financial services commission a regulatory body for the insurance industry blow voluntarily gave up his licence in the late 1980s after being convicted of an insurancerelated fraud the commission agreed to reinstate his licence after blow was pardoned by the national parole board meaning he has noncriminal record he also made full restitution the licence was returned in 1998 on the condition he have a large insurance company sponsor him however the insurance company pulled its sponsorship about three months later leaving blowwithout a licence to conduct business legally since the summer of1998 police are searching for more victimsincluding parish ioners of the springvale baptist church in siouffville where blow is a member of the congregation fat the erixiof july pastor bob flemrhing read a statement to his parishioners encouraging any possible victims to con- tact the police and their financial institutions the letter was also sent to other churches in the community needless to say the calls started flooding in were in excess of 30 victims that we know about kerr said this fraud is in excess of 3 million some people have lost their life savings there are numerous widows elderly widows also a church in beaverton invested funds from their building account with blow kerr said the veteran detective described the frauds as elaborate explaining that victims receiyedjforged financial statements ontario notice of liquor licence application 0 the following establishment has applied to the alcohol varid gaming commission of ontario for a liquor licence rounder the liquor licence act f application for sale licence v vmarkham peking house v 3225 highway 7j3ast unitlarmarkham any resident of the municipality may make written submission as to whether the of the licence is inthepublip interest havingregard the needs and s wishesof the residents subinvsions must be received no jaterjihanscptember 23 2000 please include your name addressand telephone number jf a j petition is i submitted to the commision please f identify the designated contact person ljjote v j the agco gives the applicant details of any objections siibmissionstoe sent to r t 1 i licensing and registration department alcohol andgaming commission of ontario v20tfundas st w7th floor v f v toronto on m5g 2n6 i vfax 41632655s5 f e at licensingagcoonca so there was ino reason to doubt mefr investments 1 if something suspicious arose clients were told amislake must have taken place another victims money was theriused to cover the clients loss to keep it going for so many years it was a case of robbing peter to pay paul kerr said although he declined to provide details kerr said blow a married father of ateeriaged daughter lived a lavishlifestyle he was livingwell zi l l- i to talk jto- clients 6i blow who operated castlevan insurance yorkdurhamfihancial and solutions mctonmahi street m stouffville fl v i kerr can be reached at the major fraud unit 905 830- 0303 ext 7114 ivocm- m piir hew season bp f take advantage of bur mew more flexible createyourown series subscription vv receive over 500 bonus rewards our gift to you enjoy the best seats in the house theatre series the truth about daughters nuncrackers spofi0cj b icfcovic etitirpuisi s subscribe today gall 905305show 9053057469 20002001 season

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