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Winnipeg Free Press - ONLINE EDITION
Investment fraudster gets 10 years
The longest sentence for a fraud of its kind in Manitoba was handed down Friday in a Winnipeg courtroom.
Jack Wladyka was sentenced to 10 years today for swindling more than 20 clients to the tune of $6.3 million over eight and a half years.
In agreeing to the joint sentencing agreement by the Crown and the defence, Justice Diana Cameron said the level of Walydyka’s deceit was "mind-boggling."
She said the 52-year-old former financial advisor is a financial "predator" and ordered him to pay restitution to Dundee Wealth Management, the company he’d worked for, and TD Canada Trust who reimbursed victims for their losses.
Wladyka was led away in handcuffs and leg irons in front of his spouse and two grown sons.
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