Tag: Mara Greene

Former Canadian Star Money Manager David Singh Sentenced To 3.5-Years Prison Term!

Court Cases Ben - May 13, 2022

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.

FinTelegram is a cyberfinance intelligence and compliance platform investigating financial crime, regulatory violations, and the rails, entities, and ecosystems that facilitate them. Combining investigative journalism, whistleblower intelligence, and forensic compliance analysis, we map risk across payments, banking, crypto, and offshore structures to support transparency, accountability, and informed action.

Disclaimer: FinTelegram is an independent intelligence and compliance platform and does not provide investment, legal, or financial advice. Content published on this website, including references and links to third-party sources, is provided for informational, contextual, and educational purposes only and does not constitute a recommendation, endorsement, or solicitation. Readers must make their own independent assessment and obtain professional advice where appropriate. Past events and referenced materials are not a track record and should not be relied upon as an indicator of future results.