A Canadian man has been convicted in a Vancouver Court on fraud charges, which
involved him selling fake shares in National Commercial Bank, Jamaica.
Former Victoria investment adviser Ian Thow has been sentenced to nine years in prison for 25 counts of fraud totalling $8 million.
Thow was sentenced Thursday in Vancouver, as many of his victims watched via video link from a Victoria courthouse.
Thow had been charged with 25 counts of fraud stemming from allegations he stole more than $32 million from clients and friends by persuading them to invest in a variety of schemes, ranging from shares in NCB to short-term loans for developers.
Thow will spend seven years in prison, getting double time off for the year he has already served behind bars.
Former Victoria investment adviser Ian Thow has been sentenced to nine years in prison for 25 counts of fraud totalling $8 million.
Thow was sentenced Thursday in Vancouver, as many of his victims watched via video link from a Victoria courthouse.
Thow had been charged with 25 counts of fraud stemming from allegations he stole more than $32 million from clients and friends by persuading them to invest in a variety of schemes, ranging from shares in NCB to short-term loans for developers.
Thow will spend seven years in prison, getting double time off for the year he has already served behind bars.
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