Fraud charges have been laid against a North Battleford financial planner.
Adelia Marie Kaminskyof North Battleford is charged with fraud over $5,000, fraud under $5,000, laundering the proceeds of crime and possession of proceeds of crime.
Kaminsky is due to appear in North Battleford Provincial Court on July 7 at 2 p.m.
The charges come following a lengthy investigation. RCMP F Division Integrated Organized Crime North began an investigation after receiving a referral from the Financial and Consumer Affairs Authority of Saskatchewan in April 2013.
The investigation revealed hundreds of thousands of dollars were fraudulently solicited from investors between May 1, 2006 and Feb. 28, 2013, according to a news release from the RCMP.
The criminal charges against Kaminsky follow other sanctions and controversies surrounding her activities over the past year.
Last year, on March 12, Kaminsky was hit with a temporary cease trade order from the Financial and Consumer Affairs Authority of Saskatchewan. Kaminsky ran the business A.K. Financial Planning Services out of an office at 1731 - 100th St.
Earlier this year. Kaminsky faced a formal allegation from the Financial and Consumer Affairs Authority of committing securities fraud in excess of $500,000. The FCAA alleged Kaminsky sold investments to Saskatchewan investors in a supposed company called Enviro-Can Private Placement.
It was alleged Kaminsky knew, or reasonably ought to have known, she was perpetrating a fraud on investors. A hearing on that issue is set for April 6, 2015.
