Mirror of Justice - All about Law and More
*Home>>>Securities Law

Does US law punish the US buyer of a security obtained by fraud in Canada?


The fraud was committed by a US citizen living in Canada. The value of the security is over $1 million. The buyer is a major US corporation. The buyer may or may not be aware of the fraud because documents are forged. Does US law punish the seller if the seller returns to the US? If so, will the seller serve more time in Canada or the US? What is the buyer's liability to the owner?

A report was made to the RCMP Sept 21, 2007. The officer was transferred to another location. There has been no follow up.

Fraud is Fraud...
Forging a Securities Document is a Federal crime once
it crossed the Border...FBI/RCMP !!!!
Yes they can be arrested but only if they know about it !!!International Securities Fraud is a Big time Crime !!!!
They can be charged in Both Countries...

Strongly suggest you contact the Buyer !!!!

If you don't turn them in, and they find out
you knew about it and didn't report it...
You are an accessory after the fact...

Tags
  Telecommunications   Tax and Taxation Law   Tech Law   Sport Law   Social Security Law   Sexual Harassment   Securities Law   Real Estate Law   Real Property Law   Professional Responsibility   Probate Law   Products Liability
Related information
  • If a private entity prohibits firearms and likewise provides "security"...?

    No.The implication is not a warranty of safety, but merely of reasonable measures to exercise a high degree of care to its invitee customers. And the hypothetical shooter is called an Intervening c...

  • Ghana gold security agency?

    sounds like a scam

    ...
  • US Port Security?

    "Actually, if you think about it, we have thousands of big smelly men with bludgeoning weapons working our docks." Sure, and at our local port about 1/2 of them are Afghans and Pakista...

  • Los social security card?!?

    Most of the people who were waiting there were probably waiting for other things...the social security office does things other than issue replacement cards, and those things take a long time. I...

  • I have requested a security clearance by my employer. I have a felony conviction 34 years ago. What do I do?

    Appeal that the felony record be expunged from the records so that you have a clean slate.

    ...
  • What can legally be done if I, and others, suspect a security guard of theft at work?

    It's not a good idea to make unsubstantiated accusations. The guard you suspect may in fact be innocent, and if he/she is you are opening yourself up to a law suite. Perhaps your employe...

  • I have requested a security clearance by my employer. I have a felony conviction 34 years. What do I do?

    I will respectfully disagree with the poster above me. A felony conviction will remain in an NCIC file for the remainder of your life. Best course of action in this case would be to consult an a...

  • Can you get a security clearance at the "Secret" level if you have a warrant in another country?

    It is unlikely you can get any kind of security clearance. You couldn't get a job as a prison guard.

    ...
  •  

    Categories--Copyright/IP Policy--Contact Webmaster