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Articles Canada Featured Fraud Investment Turks & Caicos IslandsJune 30, 2001

Police investigate collapse of Atlas Securities

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By
23 years ago

Topics

Canada Fraud Investment Turks & Caicos Islands

Keywords

Atlas Asset Management Ltd. Atlas Correspondent Brokerage Services Ltd. Atlas Discount Brokerage Ltd. Atlas Mortgage Corporation Inc. Atlas Securities
Brett Kohli Coburg Offshore Funds Ltd. First Trust Corporate Services Ltd. First Trust Ltd. Greg Hurd KPMG Linda J. Mackenzie Mel C. Mendes Oxford Capital Ltd. Peter R. Pryzgoda Power Investments Ltd. Robert Whitney Scott Turner Seema Pissaris Standard Private Trust Ltd. Uptick Ltd. Wade S. Burton Wayne Turner
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Police are investigating Wayne Turner and his son, Scott, for allegedly misappropriating an estimated $8 million from clients of Atlas Securities Inc., of the Turks & Caicos Islands.TCI police began an investigation after a KPMG audit apparently turned up evidence that the Turners had used client funds to cover margin calls relating to their personal trading accounts.