Parksville man arrested for Criminal Code offences

VANCOUVER, British Columbia, Oct. 25, 2017 (GLOBE NEWSWIRE) -- James Waring Minnie (a.k.a. Terry James Minnie), 54, was arrested on October 16, 2017, following an investigation by the British Columbia Securities Commission’s (BCSC) Criminal Investigations Branch. The warrant for Minnie’s arrest was issued in connection with charges against Minnie under the Criminal Code , and he was arrested in Parksville, B.C.

It is alleged that, from 2014 to 2016, Minnie solicited over $500,000 from two B.C. investors, claiming the money was needed for various business ventures. Rather than use the money as promised, it is alleged Minnie spent the bulk on his personal expenses. As a result, Minnie is currently charged under the Criminal Code with two counts of fraud over $5,000 and two counts of theft over $5,000.

The BCSC would like to thank the Quesnel detachment of the RCMP and the Victoria Police Department for their assistance during this investigation and the Oceanside (Parksville) detachment of the RCMP for their assistance during the arrest of Minnie. Minnie is currently in custody awaiting a bail hearing.  

About the British Columbia Securities Commission ( www.bcsc.bc.ca )

The British Columbia Securities Commission is the independent provincial government agency responsible for regulating capital markets in British Columbia through the administration of the Securities Act . Our mission is to protect and promote the public interest by fostering:

• A securities market that is fair and warrants public confidence
• A dynamic and competitive securities industry that provides investment opportunities and access to capital

Learn how to protect yourself and become a more informed investor at  www.investright.org

Media Contact: Alison Walker 604-899-6713  Public inquiries: 604-899-6854 or 1-800-373-6393 (toll free)