Former Surrey man charged with criminal fraud
Vancouver – An investigation by the British Columbia Securities Commission (BCSC) has led to a former Surrey man being charged under the Criminal Code with fraud over $5,000, theft over $5,000 and using forged documents.
The charges relate to allegations that $40,000 solicited for investment in a real estate development was misused, and that the investor was presented with forged financial and immigration documents.
Johny Panyavong, 26, was arrested June 18 in Ontario following a joint effort by the BCSC’s Criminal Investigations Branch, the Ontario Securities Commission’s Joint Serious Offences Team and the Niagara Regional Police Service.
Panyavong was transported back to B.C. Following a June 24 court appearance in Surrey, he was released on $5,000 bail and required to surrender all travel documents.
About the British Columbia Securities Commission (www.bcsc.bc.ca)
Columbia Securities Commission is the independent provincial government agency
responsible for regulating capital markets in British Columbia through the
administration of the Securities Act.
Our mission is to protect and promote the public interest by fostering:
- A securities market that is fair and warrants public confidence
- A dynamic and competitive securities industry that provides investment opportunities and access to capital
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