Calgarian Fraudster Guilty of Misusing Funds
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financial irregularitiescalgaryherald
•Business
Business & Economics
Alberta Securities Commission finds Calgary man guilty of investor fraud
76% Informative
Raymond Cawaling , who operated RTAX Financial Corp. , spearheaded a plan to raise at least C$736,500 and $174,085 from investors from 2016 through 2019 with about half of that, or C$ 462,421 , being misappropriated.
Alberta Securities Commission panel found that the respondents told investors the funds would be used to invest in or provide loans to third parties, including an overseas mining company.
VR Score
81
Informative language
81
Neutral language
59
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semi-formal
Language
English
Language complexity
62
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Attention-grabbing headline
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