Investment dealer sentenced for bilking money from clients

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Moncton law courts

Published on March 12, 2013; Published on March 12, 2013
The Canadian Press

Topics :: Investment Industry Regulatory Organization of Canada , New Brunswick , Moncton , Canada

MONCTON – A 48-year-old former investment dealer who pleaded guilty to taking funds from New Brunswick and Prince Edward Island clients was sentenced Monday to 42 months in prison.

Catherine Darlene Ford, who used to go by her married name Ryan, pleaded guilty to six charges of fraud last November.

She worked for ScotiaMcLeod from 1999 until 2010.

Court heard during her trial that she removed about $1.3 million from accounts belonging to her clients.

Judge Pierre Dube of the Moncton provincial court gave Ford credit for time served in Canada awaiting trial, reducing the total sentence to 36 months.

Ford has already been permanently barred from working as an investment dealer after a hearing was held before the Investment Industry Regulatory Organization of Canada.

She was also fined $1 million and ordered to pay the organization $7,500 in costs.

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Comments

former class mate

- March 13, 2013 at 10:20:13

I went to school with Darlene and she was never even sent to the office! What a shock to see how her life turned out. I cannot imagine how it would feel to loose your savings to such a scam artist! The jail time should be much longer. WHERE did all the money GO?? I know some habits are expensive but still, 1.3 million is a little harder to get rid of than you think.

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Furby the terrbile

- March 12, 2013 at 20:43:58

You'e awful man, just plain awful, please scam before you create more chaos. Please for the love of god, scram......................

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