Dozens of investors in Ontario say they were conned out of millions of dollars after fraudsters using fake names were featured as investment "experts" on their favourite radio stations — on shows they say sounded like news but were actually infomercials. Corus owns the Global News radio stations that featured the so-called experts on segments titled "Ask the Experts" and "The Global Market." Fraudsters disappear with moneyAccording to the lawsuit, the radio shows aired throughout 2016 and into part of 2017. Some of the investors who gave money to Trans-Atlantic Direct heard about the company through local radio shows, which gave the infomercials names like 'Ask the Experts.' The Ontario Securities Commission believes Sevilla is one of two fraudsters who were featured as investment experts on at least five radio shows.

Source: CBC News February 18, 2019 00:56 UTC