Toronto Investment Fraud Lawyers
Claims to Get Investment Back – Toronto Lawyers
Claims for Money Lost in Investment Schemes
Toronto Property Investment Fraud Lawyers
Identity Theft | Unauthorized Withdrawal from Bank Accounts

Asset Tracing | Freezing Orders | Injunctions
Setting Aside Fraudulent Conveyance or Hiding Assets
Toronto Wealth Enhancement Fraud Lawyers

Serving All of Ontario & Elsewhere in Canada From Our Toronto Offices

Are you a victim of fraud?
We can act in Ontario, Canada for local and foreign individuals, businesses, organizations and associations who have been defrauded.

Investment Fraud | Wealth Enhancement Fraud

Fraudulent investment schemes are widely reported and often described in these terms:

Fraudulent investment operations, Wealth Enhancement Fraud, Ponzi Schemes, “fresh money” schemes, promoted as “high yield” schemes, “high-yield investment” programs or offshore investments, “pyramid” and matrix schemes, “franchise” and distribution fraud schemes, and internet-based pyramid scams.

Through the engagement of qualified forensic accountants and investigators, including Certified Fraud Examiners, a simple review of documentation in a case may establish that the scheme or investment is likely fraudulent.  In some cases the court does not require the assistance of an expert opinion to conclude on a balance of probabilities that the scheme of investment is fraudulent.

Fraudsters may be using your lost investment / funds to defend a case against them.  You require experienced, senior counsel in a civil action for recovery of monies in a case of investment fraud.

How Common is Investment Fraud?

“Fraud and deceit abound in these days more than in former times.” Twyne’s Case (1602), 3 Co. 80

This was said more than four hundred years ago by English Lord Coke. However, given the number of prominent and recently reported cases of civil fraud in the courts of Ontario and Canada and the frequency of reports in the media of those falling victim to civil fraud, it is easy to conclude that civil fraud and dishonesty has increased in Ontario, or that more victims of fraud are coming forward to seek redress for their losses.

What is Investment Fraud?

An often quoted English law textbook defines fraud this way:

“All surprise, trick, cunning … and other unfair way that is used to cheat any one is considered as fraud.  Fraud in all cases implies a willful act on the part of any one, whereby another is sought to be deprived, by illegal or inequitable means, of what he is entitled to.” Kerr on the Law of Fraud and Mistake, 7th ed. (London: Sweet and Maxwell, 1952) at p. 1

In Ontario, civil lawsuits for the victims of fraud are often framed as claims for deceit, fraudulent misrepresentation, civil conspiracy, civil extortion, breach of contract, unjust enrichment and restitution.  Increasingly though, plaintiffs in lawsuits simply claim damages for losses arising directly from the tort of civil fraud.

The leading case on civil fraud in Canada is the Supreme Court of Canada decision in 2014 in Hryniak v. Mauldin, 2014 SCC 7, and in that case civil fraud is defined this way:

“… the tort of civil fraud has four elements, which must be proven on a balance of probabilities:  (1) a false representation by the defendant; (2) some level of knowledge of the falsehood of the representation on the part of the defendant (whether knowledge or recklessness); (3) the false representation caused the plaintiff to act; (4) the plaintiff’s actions resulted in a loss.”

Hryniak v. Mauldin – Access to Justice in a Civil Fraud Case

Although our firm did not act in that case, one of the lawyers at our firm, who practises in the areas of civil fraud recovery, appeared as co-counsel for the thirteen plaintiffs (one of which was Mauldin) who responded to the appeal to the Supreme Court of Canada in Hryniak v. Mauldin, responded below to the appeal in the Ontario Court of Appeal, and who obtained summary judgment in the Ontario Superior Court of Justice, being the judgment which was appealed.

This case has had such a significant impact, including with respect to the access to justice, that it has, in the course of five years since the decision was released, been cited in more than 3,000 reported decisions of the courts in Canada including more than 1,900 in Ontario alone.

Remedies for Investment Fraud

“Things gained through unjust fraud are never secure.” Sophocles

We have lawyers experienced in civil fraud recovery actions and in the defence of fraudulent claims. Some of our lawyers have been counsel in cases for recovery for innocent victims of investment fraud, acting for employers in employment fraud cases and in cases defending insurers against fraudulent claims made against them. One of our lawyers acts for victims of identity theft.

Often claims by victims of fraud require experienced counsel to assist the victim in seeking from the court urgent equitable remedies such as civil freezing orders (Mareva injunctions), civil search and preservation of evidence from third parties (Norwich orders) and civil “search warrants” (Anton Piller orders).  Asset tracing orders are used to obtain recovery in cases where fraud has been established and the victim’s assets have been converted into other property.  Our lawyers who practise in this area have experience in these proceedings.

We have strength and experience in advising foreign clients involved in litigation or arbitration in Ontario and across its borders.

Some of our lawyers have been admitted and practised law in foreign jurisdictions (including England, Bermuda and New York), have both foreign and local legal education, including in the U.S. and U.K. and a number of our lawyers and law clerks speak languages including French, Japanese, Portuguese, Italian, Russian and Cantonese.

We are often consulted by those located in the United States, and in the past have been consulted by or retained in litigation by those (or matters located) in Alaska, California, Washington, Nebraska, Illinois, Missouri, Ohio, New York, New Jersey, Rhode Island, Massachusetts, North Carolina, Tennessee, Georgia, Louisiana, Florida and Texas.

Internationally, we have also been involved in litigation or arbitration with clients (or matters) located in the Netherlands, Norway, Sweden, England, Denmark, Italy, Switzerland, Germany, Greece, Cyprus, Malta, Monaco, Guyana, Liberia, South Africa, Angola, The Bahamas, Bermuda, British Virgin Islands, Dominican Republic, Dubai, United Arab Emirates, Iran, Kuwait, India, Bangladesh, South Korea, Hong Kong, PRC and Australia.

We can act for foreign clients where the courts in Ontario or Canada (Federal Court) have jurisdiction.  We can also assist foreign counsel in co-ordinated fraud recovery proceedings, when the defendant or assets owned by the defendant are located in Ontario.  This is sometimes achieved by obtaining local Ontario ancillary, urgent relief in aid of proceedings pending in other jurisdictions.  Other times it is assisting through the court process in obtaining, through judicial assistance, evidence in Ontario for lawyers acting in foreign jurisdictions. Please visit our Offshore Litigation webpage.

If you or your business are the victim of fraud or facing fraudulent claims, please contact Gilbertson Davis LLP for an initial consultation.

Please contact Gilbertson Davis LLP to arrange an initial consultation.