B.C. Securities Commission finds insurance agent bilked investors

A B.C. Securities Commission panel has found that a former insurance sales agent perpetrated a fraud on 13 investors by using their money for personal use, including gambling.
The commission panel found that in 2009 and 2010 Lynne Rae Nickford, also known as Lynne Rae Zlotnik, convinced 13 investors to loan or invest nearly $2 million in her Vancouver-based company, LZ Wealth Management.
She told the investors — 11 individuals and two couples — that their money would be used for the