Joern Scholz (John Scholz) Charged with Criminal Fraud Offences

TORONTO, July 19, 2016 /CNW/ - The Ontario Securities Commission (OSC) announced today that Joern Scholz (also known as John Scholz) of Toronto, Ontario, has been charged with alleged breaches of the Criminal Code following an investigation by the OSC's Joint Serious Offences Team (JSOT).

Scholz has been charged with 11 counts of fraud over $5,000 contrary to Section 380(1)(a) of the Criminal Code, including one count of fraud against the public.

Scholz is scheduled to appear in court on this matter on August 4, 2016, at 9:00 a.m. in Courtroom # 100 at the Ontario Court of Justice, 45 Main Street East, Hamilton, Ontario.

JSOT was established by the OSC as an enforcement partnership between the OSC, the Royal Canadian Mounted Police Financial Crime program and the Ontario Provincial Police Anti-Rackets Branch. The primary objective of JSOT is to protect investors and further enhance confidence in the Canadian capital markets through effective enforcement. This is accomplished through collaborative investigations of serious violations of the law using the provisions of the Securities Act or the Criminal Code. 

The mandate of the OSC is to provide protection to investors from unfair, improper or fraudulent practices and to foster fair and efficient capital markets and confidence in the capital markets. Investors are urged to check the registration of any persons or company offering an investment opportunity and to review the OSC investor materials available at http://www.osc.gov.on.ca

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SOURCE Ontario Securities Commission

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