Concrete Equities Exec Convicted
Concrete Equities, one of numerous real estate “exempt market” investments that have gone under in recent years in Alberta, came before the courts on Friday September 30th, 2016.
Varun (Vinny) Aurora, was criminally convicted of fraud over $5,000. David Nelson Humeniuk, the other principal in the operation, has a trial date set down the road.
Unfortunately, it appears there will be no custody time for this fraud. Both the prosecution and the Defence are recommending the sentence be served as community service.
Rainbow Investigations continues to be disappointed to see how soft the sentencing is by the legal system with respect to financial fraud as opposed to so called “violent” crime.
Here is the CBC story on the conviction of Aurora.
Date of Story: Saturday, October 01, 2016
Story Posted By: Ron Reinhold
Source: Ron Reinhold CBC
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