Police allege Calgary man ran $1.3M Ponzi scheme centred on purported wine purchases

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Police allege Calgary man ran $1.3M Ponzi scheme centred on purported wine purchases

CALGARY – Police in Calgary have accused a man of running a Ponzi scheme involving purported wine purchases. They say seven complainants have come forward reporting a total of $1.3 million in losses. They allege that between January 2020 and February 2021, the suspect asked for short-term loans to purchase wine that would later be resold to another buyer. Police vehicles at Calgary Police Service headquarters in Calgary, Alta., on April 9, 2020. Police in Calgary have accused a man of running a Ponzi scheme involving purported wine purchases. THE CANADIAN PRESS/Jeff McIntosh Police say those who invested started to […]

‘People count on this place’: Pembina Hwy. Giant Tiger latest location slated to close

Another Giant Tiger store in Winnipeg will shutter next year, leaving some area residents concerned about a lack of affordable groceries in the neighbourhood.

Red papers taped to the front doors of the Canadian retail chain’s location at Pembina Highway and Southpark Drive indicate it will close Feb. 27.

Doreen Yanchuk, a self-described bargain hunter, shook her head when she saw the signs Monday. The 67-year-old said she’s a regular customer at the location because it’s a five-minute drive from her home.

“They have very good sales here, which draws people to the shop because everything is expensive,” Yanchuk said.

Puerto Vallarta boards up as Hurricane Simon hits Category 4 strength

PUERTO VALLARTA, Mexico (AP) — Simon has strengthened into a powerful Category 4 hurricane as it barrels toward Mexico’s coast.

The National Hurricane Center in Miami said Saturday that Simon’s maximum sustained winds increased to 150 mph (240 kph). A storm of that strength or greater is considered a major hurricane.

The center said it expected Simon “to be near or just inland” of Mexico's west-central coast on Sunday. The hurricane could bring as much as 10 to 20 inches (25-50 cm) of rain over parts of southwestern Mexico, with some areas in the states of Michoacan, Colima and Jalisco receiving up to 30 inches (76 centimeters).

“This rainfall will produce life-threatening flooding and mudslides, especially in areas of steep terrain,” the center warned in a bulletin that also urged residents to take immediate action to prepare as tropical-storm conditions were expected to arrive Saturday afternoon.