Sentencing Completed in Defrauding the Public Charges

Region of Peel – A Superior Court Judge and Jury trial commenced on May 22, 2018 after a lengthy Peel Regional Police investigation that commenced in 2013. April Vuong (then a 37 year-old female from Kitchener/Waterloo) and Hao Quach (then a 36 year-old man from Kitchener/Waterloo) defrauded several victims with the promise of high rates of return and that their principle amount never being at risk after investing substantial amounts of money in Systematech Solutions Incorporated. Investigation revealed that this was an elaborate Ponzi scheme.

The trial was completed July 5, 2018 at which time the defendants were found guilty of Defrauding the Public and both defendants were sentenced to 6 years imprisonment, restitution in the amount of $3,567,992 with 10 years to pay.  In default of payment of the fine in lieu of forfeiture, the defendants will receive a further term of five years imprisonment.

Fraud Investigators would like to remind the public to always check the registration of any person or business trying to sell you an investment or giving investment advice. This can be done by visiting the Ontario Securites Commission website at www.osc.gov.on.ca.

With the Holiday Season approaching, fraud related scams will be on the rise. To learn about the most common fraud scams and how to best protect yourself visit the Canadian Anti-fraud Centre’s website at http://www.antifraudcentre-centreantifraude.ca/fraud-escroquerie/index-eng.htm.

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N/R: 18-385

Inc: PR11219914

Peel Regional Police – A Safer Community Together

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