Class-action suit certified in case involving $30-million Ponzi scheme
The B.C. Supreme Court has certified a class-action lawsuit against a West Vancouver woman allegedly involved in a $30-million Ponzi scheme.
In April 2017, in a settlement agreement with the B.C. Securities Commission, Virginia Tan admitted that she had fraudulently raised at least $30 million from investors in a scheme that ran from 2011-2016.
She agreed to pay $3 million to settle the matter and was ordered to cease trading in any securities or exchange contracts.
A number of lawsuits were fil
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