B.C. Securities Commission alleges former B.C. woman fraudulently raised $135 million in Ponzi scheme

Reblogged from National Post | News:

VANCOUVER -- A former Mission woman fraudulently raised $135 million from at least 800 investors, including more than $69 million from at least 355 B.C. investors, the B.C. Securities Commission has alleged.

In a notice of hearing Monday, BCSC enforcement staff alleged that Doris Elizabeth Nelson - who is now under house arrest in Washington state awaiting trial on criminal fraud charges - told investors their money would be used to finance her payday loan business, which operated as the Little Loan Shoppe.

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