In the 1990s, Fortune Financial Management Corp managed more than $7-billion in client assets and was once one of Canada’s largest financial planning companies. Its founder, David Singh, a money manager and personal finance author, has been sentenced to a 3.5-year prison term. Additionally, he was ordered to pay more than $4.8 Mio in restitution payments. Ontario Justice Mara Greene found that Singh had defrauded dozens of investors who were told their money would be used to fund residential mortgages. Singh sold Fortune to Dundee Wealth Management in 1999.