The accused pled guilty to fraud over $5,000, uttering a forged document, and committing theft under false pretenses in connection with an elaborate Ponzi scheme operated through Mac Glamour Inc. between 2015 and 2019.
The accused targeted members of her Filipino community, promising high investment returns on a fictitious lipstick manufacturing business.
A Gardiner hearing was held over 30 months to determine the quantum of loss and whether a fine in lieu of forfeiture should be ordered.
The court accepted a joint submission of 4 years imprisonment and ordered a fine in lieu of $610,856.00 based on losses that were readily ascertainable from documentation provided by certain victims.
The court rejected the Crown's submission that losses totaling nearly $5 million were proven, finding that many victim claims lacked sufficient documentation to meet the "readily ascertainable" threshold.
