Girlfriend of fraudster found guilty by OSC

Girlfriend of fraudster found guilty by OSC

Girlfriend of fraudster found guilty by OSC

McCarthy met Winick – a business associate of her then-husband – in 2003, became romantically involved with him in 2004 and left her employment and marriage to be with him in 2008. At this time, Winick financially supported McCarthy and her daughter.

In 2009, Winick left for Thailand to pursue business opportunities, leaving McCarthy in possession of numerous boxes full of fraud-related documents. Winick, his business associate Greg Curry and others were subsequently arrested in Thailand and McCarthy’s Stoney Creek residence was raided in 2011, at which time the documents were seized by authorities.

According to the OSC, between November 2008 and November 2010, a total of $445,000 was raked in by selling worthless BFM and Liquid Gold securities to 32 investors outside of Canada. It was claimed that shares were sold through a Singapore investment bank, which McCarthy has since admitted did not exist.

In January 2013, McCarthy and the companies were removed from proceedings which included Winick, Curry, Kolt Curry, Laura Mateyak, American Heritage Stock Transfer Inc., and American Heritage Stock Transfer, Inc.

Winick has been convicted for playing a leading role in the BFM and Liquid Gold frauds.

A sanctions hearing in the McCarthy case is scheduled for March 12.

Related stories:

Alleged Canadian boiler room mastermind busted in Bangkok

FBI wiretaps ruthless Ontario fraudsters

Canadian fraudsters bilk millions from international investors

 

 


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