Financial Representative Arrested for Fraud Offence

Financial Representative Arrested for Fraud Offence ​The Halton Regional Police Service - 3 District Criminal Investigation Bureau has arrested and charged an Ajax man with fraud stemming from a series of incidents in 2012. Jamshid (James) Pournader (65) has been charged with one count of Fraud Over $5,000. The accused is associated with a company JSP Holdings and has acted as a "financial representative" with access to investment services and products. The victim came forward to police after her bank assisted with a review of her personal finances and investments. The loss to the victim is $212,000. The public are reminded that financial advisors, mortgage brokers and insurance agents are all licenced and regulated by various provincial organisations. Your investments and purchases should be with a regulated financial institution and investors should regularly review their investments and statements. Anyone with information is asked to contact Detective Constable Derek Gray of the Burlington Criminal Investigations Bureau - Seniors Liaison Team at 905-825-4747 ext. 2344.