|Sharon Lexa Lamb|
The plaintiff states that Leon Frazer Director William Tynkaluk, who participated in the fraud, had a major role in the illegal transfers, and received substantial fees from the transactions, which constituted unjust enrichment, and breach of his fiduciary relationship with the plaintiff, as Tynkaluk was his wealth manager.
It is expected that, once documents have been produced, pursuant to court order, that actions for damages, and breach of fiduciary relationship, among other charges, are anticipated to follow, together with license revocation proceedings against both Northland Wealth Management and Leon Frazer and Associates. Complaints have already been lodged with the Ontario Securities Commission (OSC).
Lamb had a direct relationship, for several years, with both Leon Frazer and Northland, and it has been alleged that she conspired with both firms to steal millions of dollars from elderly, disabled, and retired Canadian pensioners, and that their investments and cash deposits have disappeared. We shall be reporting on the scheduled upcoming court hearings in both the Leon Frazer and Northland Wealth Management cases.
* Case no. CV-16-548521.
** Case No. CV-16-550303.