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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... |
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