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Fraudster reprimanded by OSC for his part in $40-million Ponzi scheme

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On Tuesday March 5, 2013, The Ontario Securities Commission (OSC) reprimanded a former dentist for his involvement in a $40-million Ponzi scheme.  This was part of the settlement agreement that Peter Sbaraglia entered into before the OSC.  Sbaraglia can now only own limited securities through his RRSP and is permanently banned from ever becoming an officer or director of any company or investment firm registered with the OSC.  At his hearing, Sbaraglia admitted to his role in having raised $21 million from about 30 investors.  Most were friends and family.  To learn more, read the full story here.

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