The British Columbia Securities Commission has concluded that a Sooke, B.C., man defrauded an investor of $1 million by lying to them about the ownership of a well-known hotel.
The British Columbia Securities Commission has concluded that a Sooke, B.C., man defrauded an investor of $1 million by lying to them about the ownership of a well-known hotel., the BCSC said Timothy Craig Durkin mislead the investor by saying his company, SSH Holdings Limited, owned 100 per cent of the shares for the Sooke Harbour House hotel in late 2015 when, in fact, it did not own any percentage of the property.
From December 2015 to March 2016, the BCSC found, Durkin – acting as the director of SSH – made false statements about the hotel's ownership on three separate occasions to mislead the investor. The BCSC panel pointed to one email from 2015 as the most prominent piece of evidence in its decision.
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