A trader in Canada received a four-year jail sentence after accepting millions of dollars from investors, then giving them false information about their returns.
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Aikman was one of the founders of Yonge Street Capital LLC, which purported to be a hedge fund that invested in various securities and cryptocurrencies, according to a Tuesday statement from the Ontario Securities Commission. Over a period of almost three years, Yonge Street — named after the street that divides Toronto’s east and west sides — took in more than C$6.2 million from 71 investors, the regulator said.
His partners in the business, Syed Saad Aziz and Jazib Ali Khan, were both convicted of unregistered trading, but neither was found guilty of fraud.
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