Alberta Securities Commission finds that Ali Ghani, Prism, Summerside Development Trust and others perpetrated

FINTRAC’s financial intelligence was recognized by the Alberta Securities Commission (ASC) who determined that an individual and their associated businesses allegedly misappropriated $3.4 million from the development and sale of a strip mall in Alberta. The ASC found that proceeds from the sale of the strip mall were used for the benefit of other businesses and entities controlled by the individual without authorization or disclosure to the investors, resulting in a total loss of their investmen