The accused, Scott Reeves, pleaded guilty to one count of fraud over $5000.00, involving a total loss of over $3.1 million from four victims (Donna Aiken, Rachel Reeves, Gayle Meehan, and Peter Vignjevic) over several years.
The fraud involved a significant breach of trust, as the victims were friends, relatives, or long-term clients who relied on the accused for financial advice.
The Crown sought a five-year incarceration, while the defence proposed a conditional sentence of two years less a day or 18 months jail.
The court considered aggravating factors such as the magnitude, complexity, and duration of the fraud, and its severe impact on the victims, as well as mitigating factors including the accused's lack of prior record, late guilty plea, and mental health issues.
The court rejected a conditional sentence, emphasizing denunciation and general deterrence, and sentenced the accused to four years' incarceration in a federal penitentiary, along with a lifetime prohibition order, a non-communication order, a DNA sample order, and a restitution order totaling $3,125,453.00, with a fine in lieu of forfeiture of the same amount.