Paragon International Wealth Management Scam – Financial Crimes

Financial Crimes

40 College St., Toronto, ON , M5G 2J3
Phone: 416-808-7300
Fax: 416-808-7302
Officer in Charge: Inspector David Vickers

Message from the Unit Commander

Financial Crimes, formerly known as the Fraud Squad, has not only changed its label but its focus.

This unit, stemming from the oldest investigative squad in the Toronto Police Service, is comprised of a group of dedicated investigators.

The members of this unit, both civilian and officers, boast a very diverse policing background. Their experience affords them a required skill, and expertise in dealing with these types of crime and offenders.

Every victim of a financial crime is treated with dignity, and professionalism. All investigations are conducted with pride and diligence.

I invite you to read further and learn about what we do, how we do it, and how to protect yourself against any type of financial crime.

If you feel that you have been a victim, or someone you know may be a victim, you may call and report the incident to any Toronto Police Station, or by contacting the main Toronto Police switchboard at 416-808-2222.

The Financial Crime Unit strives to work in partnership with our communities to prevent these types of offenders, and also identifying them in order to bring them to justice.

Mandates by section

Operations Section Asset Forfeiture

Identify assets obtained by individuals through criminal activity and seek the restraint, seizure and forfeiture of those assets. The Asset Forfeiture Section shall:

  • Assume responsibility and carriage of proceeds of crime and money laundering investigations.
  • Review all incoming information from the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and provide the appropriate response where required.
  • Establish and maintain partnerships with other law enforcement and government agencies, financial institutions and other specialized resource areas that may assist with proceeds of crime and money laundering investigations.
  • Provide training for other members of the Service at various levels where required.
  • Monitor and provide support to members who have investigations where there is a proceeds of crime component.
  • Provide expertise in proceeds of crime investigations.
  • Assist other law enforcement agencies in conducting investigations within Toronto.
  • Ensure all field units are advised of the capabilities and the potential investigative assistance that the Proceeds of Crime Unit can provide to ensure a complete and successful criminal investigation.

Corporate Crimes Section

Corporate Financial Crimes Investigators have the responsibilities of leading multi jurisdictional investigations of major economic financial crimes involving stock market & securities violations, real estate financial crimes, insurance and investment financial crimes, and public financial crimes involving large numbers of victims.

Organized Crime Section

Responsibilities of the Organized Crime Section include:

  • the commencement or coordination of investigations into organized crime, or multi jurisdictional fraud occurrences involving the manufacturing, forgery, and distribution of payment cards, currency, cheques and other valuable instruments.
  • major fraud investigations involving organized fraudulent marketing schemes including a variety of cash or prize winnings, advance fee loans, cheque cashing schemes, and other similar scams targeting the general public originating within the Metropolitan Toronto boundaries.
  • To facilitate such extensive investigations, The Financial Crimes Unit is base for the “Toronto Strategic Partnership”, a multi law enforcement unit pooling resources and investigators from the Competition Bureau of Canada, Ontario Ministry of Consumer Services, Ontario Ministry of Revenue, Ontario Provincial Police Anti-Rackets, The Canadian Anti-Fraud Centre, RCMP-GTA Commercial Crime Section, U.S. Federal Trade Commission, U.S. Postal Inspection Service, and the U.K. Office of Fair Trading.

“Going to Auction Delay Tactic” Used by PARAGON INTERNATIONAL Wealth Management Inc.

Clients are being told by Paragon International Wealth Management Co. that they are going to auction that it great way to sell to make money. Well, this is not the case…

The only people or companies attending this auction is jewelry store owners looking to buy at 50% discount thus never reaching the asked amount or even close to the bid.

Over FIFTY CLIENTS HAVE HAD NO MRB BID WHICH STANDS FOR MINIMUM RESERVE BID or EVEN CLOSE TO BEING MET OR OFFERED price at these auctions. THIS IS A WAY OF DELAYING THE SHIPMENTS OF YOUR MERCHANDISE AS WELL AS BORDER LINE FRAUD.

THERE REPORTS FROM SAXON KRUSS OF TORONTO CANADA WHO OVER INFLATES VALUES TO THE POINT OF RIDICULOUSNESS does not help the sale of your Diamonds or jewelry that you don’t even have and may never see. The purpose of buying a hard asset is that you have it in your possession. Please be smart and get your diamonds as soon as possible.

Clients Want Diamonds Shipped by PARAGON INTERNATIONAL WEALTH MANAGEMENT INC.

CLIENTS WANT DIAMONDS SHIPPED BY PARAGON INTERNATIONAL WEALTH MANAGEMENT

CLIENTS WANT DIAMONDS SHIPPED BY PARAGON INTERNATIONAL WEALTH MANAGEMENT AS HUNDREDS OF CLIENTS ARE IN FEAR OF NOT RECIEVING THERE MERHANDISE FROM THIS COMPANY, WHO CLAIMS THAT THEY HAVE SOLD THERE DIAMONDS AND THEY NEED TEN OR MORE DAYS TO SELL THEIR PORTFOLLIO AND NOT TO WORRY.  “I AM AND YOU SHOULD BE TOO”, SAYS ONE CLIENT TRYING TO GET HIS INVESTMENT OF HIS LIFE SAVINGS OUT OF THERE COMPANY!

PARAGON INTERNATIONAL WEALTH MANAGEMENT WHO DUPLICATED MULTI-MILLION DOLLAR COMPANY, PARAGON LIMITED DECIEVE THE INVESTORS INTO BELIEVING THAT THEY WERE A MUCH LARGER COMPANY THEN THE ONE WORKING OUT OF A HOUSE, IN TORONTO, CANADA THAT HAS DONE MASSIVE DIAMOND SALES AND TRADED THOUSANADS OF CLIENTS OUT OF THEIR VALUED PINK DIAMONDS!  TRADES WERE DONE WITH NO PERMISSION, PUTTING CLIENTS INTO LONGER TERM INVESTMESTS SHOWING LOWER RETURNS.  NOT LIKE THE MAJOR RETURN, FROM ARGYLE PINK DIAMONDS, WHICH HAVE SKY ROCKETED ALLOWING PARAGON WEALTH MANAGEMENT TO TAKE FULL ADVANTAGE OF THEIR CLIENTS PROFIT OF 40% LAST YEAR.

A CLIENT AND HIS MOTHER HAVE CLAIMED THAT THEY WERE TAKEN FULL ADVANTAGE OF THEIR LIFE SAVINGS.  PARAGON WEALTH MANAGEMENT TRADED HIM OUT OF A MASSSIVE AMOUNT OF PINK DIAMONDS, WITHOUT HIS CONCENT OR PERMISSION SO THAT THEY WOULD MAKE A PROFIT.  GREGORY BERCCOWY OF ST. PETERSBURG, FL. USA WILL BE TAKING LEGAL ACTION HAVING NO OTHER CHOICE.

Clients Possibly Being De-Frauded by Paragon International Wealth Management Co. Please Read.

NOTICE:
CLIENTS ARE POSSIBLY BEING DE-FRUADED BY MILLION DOLAR COMPANY
PARAGON INTERNATIONAL WEALTH MANAGEMENT CO.

THE COMPANY CLAIMS TO HAVE SOLD CLIENTS MERCHANDISE AND HAS YET TO REMIT THE PAYMENTS OF SOLD DIAMONDS OR RETURN THE CLIENTS MERCHANDISE. IT APPEARS THAT THIS COMPANY WILL BE CLOSING IT’S DOORS WITHOUT ANY NOTICE TO IT’S CLIENT BASE.

OWNER: MICHAEL SCHOMAKKER COULD NOT BE REACHED FOR COMMENT CONCERNING THESE ISSUES

AS AN EXAMPLE: A COUPLE IN THEIR 80’s ARE OUT OVER 300,000 DOLLARS AND IS UNABLE TO GET ANT RELIEF FROM “PARGON

WE ARE WITHHOLDING THE SAID CLIENTS NAMES AS THEY ARE INVOLVED IN LEGAL ENTANGLEMENTS WITH “PARAGON“.

WE RECOMMEND THAT IF “PARAGON” IS HOLDING ANY OF YOUR MERCHANDISE THAT YOU RETRIEVE IT AS ASAP TAKING NO EXCUSE AS TO WHY IT CANNOT BE RETURNED TO YOU. AS AN EXAMPLE “WE ARE HOLDING IT FOR SAFE KEEPING” IS NOT A VIABLE REASON FOR THIS COMPANY TO GIVE YOU. THE PROPERTY BELONGS TO THE CLIENT AND NOT THE SELLER.

K.L S MANAGEMENT