Financial Representative Arrested for Fraud Offence

Crime 100By Staff

August 2nd, 2019

HRPS crestThe Halton Regional Police Service – 3 District Criminal Investigation Bureau has arrested and charged an Ajax man with fraud stemming from a series of incidents in 2012.

Jamshid (James) Pournader (65) has been charged with one count of Fraud Over $5,000.
The accused is associated with a company JSP Holdings and has acted as a “financial representative” with access to investment services and products.

The victim came forward to police after her bank assisted with a review of her personal finances and investments. The loss to the victim is $212,000.

The public are reminded that financial advisors, mortgage brokers and insurance agents are all licensed and regulated by various provincial organizations. Your investments and purchases should be with a regulated financial institution and investors should regularly review their investments and statements.

Anyone with information is asked to contact Detective Constable Derek Gray of the Burlington Criminal Investigations Bureau – Seniors Liaison Team at 905-825-4747 ext. 2344.

Tips can also be submitted to Crime Stoppers “See Something? Hear Something? Know Something?” Contact “Crime Stoppers” at 1-800-222-8477 (TIPS) or through the web at

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1 comment to Financial Representative Arrested for Fraud Offence

  • Maggie Steiss

    Unfortunately just because a broker has licence does not mean they are honest or ethical. It is not unheard of for a licenced broker to take advantage af a client’s issues for their own personal gain even when it is not in the client’s best interest. I am making it my mission to expose such corruption.