Reading Time: 5 minutes Between 1993 and 2001, VisuaLABS Inc. – the company built in Calgary, Alberta by Sheldon Zelitt – attracted thousands of investors, raised hundreds of millions of dollars in capital and grabbed the attention of the global technology press. The promise of two technologies Zelitt developed generated excitement. However, none of this technology existed. It was all hype and deception. This article describes how the justice system dealt with this major commercial fraud.
Reading Time: 4 minutes Been offered tickets for a free cruise? Received a heartfelt plea to help a distant relative? Had a bank or credit card company email you for your password and account details? You may have been contacted by scammers looking for your money or your personal information. Every year Canadians lose millions of dollars through consumer […]