A repeat securities law offender was sentenced to two years in jail after being convicted for fraud and other violations, the Ontario Securities Commission (OSC) announced Thursday.
Justice Melanie Anne Sopinka, of the Ontario Court of Justice in Kitchener, Ont., sentenced Michelle Dunk, of Waterloo, Ont. to serve two years less a day in jail, and to pay $158,435 in restitution.
Dunk was found guilty of fraud and three other violations in April in connection with the fraudulent sale of promissory notes in two firms, Rocky Point Energy and Hockley Energy Inc., to four investors.
“Ms. Dunk’s actions were motivated solely by financial gain without regard for the path of destruction she caused to the financial stability of the individuals she solicited,” Sopinka said in imposing the sentence.
Dunk’s conviction follows an investigation by the Joint Serious Offences Team), which is an enforcement partnership between the OSC, the RCMP Financial Crime program, and the OPP’s Anti-Rackets Branch, the commission says in a news release.
She remains subject to a commission order imposed on Jan. 6, 2015, which prohibits her from engaging in the business of trading or selling securities.