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The covert TPS, OPP, RCMP. Dishonest, creepy AND greedy!
Another dirtbag exposed and once again, it took a civilian because those inside don't have the balls or the character.
Civilian complainant blew whistle on ‘Ponzi scheme’ involving current and former OPP officers
It was a complaint from a civilian that launched a major investigation into a multi-million dollar “Ponzi scheme” that ensnared dozens of Ontario Provincial Police officers and was allegedly created by one of their own now retired members.
When the global pandemic caused the scheme — which promised staggering investment returns of up to 26 per cent — to blow up in late May, an upset civilian investor walked into a London, Ont.-area OPP office and blew the whistle, two police sources have confirmed to the Star. None of the police officers who had invested in the scheme made a complaint, sources say.
Meanwhile, the OPP is now making a broad appeal for people affected by the scheme to come forward as many, particularly police officers who invested, have yet to do so.
“Are there people trying to avoid us? Absolutely,” said OPP Det. Supt. Domenic Chong, who oversees financial crimes investigations.
Sources close to the case have told the Star that some officers are afraid they will be disciplined for taking part, while others are embarrassed that they, seasoned officers (some high ranking, with experience investigating frauds), failed to ask proper questions of a scheme that promised almost impossibly high rates of return.
“Everybody was so dazzled at the money they were making or could make,” one source with knowledge of the scheme told the Star.
When the civilian investor complained, officers at the London-area detachment did not know what to do, particularly because it involved fellow officers, many of them from that geographical area of the OPP. The gist of the complaint was this: Retired OPP officer Larry Renton, who portrayed himself to his “clients” as a shrewd player in the financial markets, had since at least 2016 been promising whopping returns to OPP and municipal officers, and a select group of non officers including lawyers and businessmen.
Renton retired from the OPP in 2016. He was a detective sergeant in charge of street crime in the Simcoe area. Many of the initial investors were people Renton worked with at the OPP’s West Region OPP office in Simcoe, or retired OPP officers from the area who had moved to municipal forces. His former boss in Simcoe, Insp. Zvonko “Zonk” Horvat, said at one point in 2014 Renton asked for permission to have a second job as a financial adviser, and he turned him down. He also noticed Renton monitoring the markets from his detective office, and told him to stop.
Another dirtbag exposed and once again, it took a civilian because those inside don't have the balls or the character.
Civilian complainant blew whistle on ‘Ponzi scheme’ involving current and former OPP officers
It was a complaint from a civilian that launched a major investigation into a multi-million dollar “Ponzi scheme” that ensnared dozens of Ontario Provincial Police officers and was allegedly created by one of their own now retired members.
When the global pandemic caused the scheme — which promised staggering investment returns of up to 26 per cent — to blow up in late May, an upset civilian investor walked into a London, Ont.-area OPP office and blew the whistle, two police sources have confirmed to the Star. None of the police officers who had invested in the scheme made a complaint, sources say.
Meanwhile, the OPP is now making a broad appeal for people affected by the scheme to come forward as many, particularly police officers who invested, have yet to do so.
“Are there people trying to avoid us? Absolutely,” said OPP Det. Supt. Domenic Chong, who oversees financial crimes investigations.
Sources close to the case have told the Star that some officers are afraid they will be disciplined for taking part, while others are embarrassed that they, seasoned officers (some high ranking, with experience investigating frauds), failed to ask proper questions of a scheme that promised almost impossibly high rates of return.
“Everybody was so dazzled at the money they were making or could make,” one source with knowledge of the scheme told the Star.
When the civilian investor complained, officers at the London-area detachment did not know what to do, particularly because it involved fellow officers, many of them from that geographical area of the OPP. The gist of the complaint was this: Retired OPP officer Larry Renton, who portrayed himself to his “clients” as a shrewd player in the financial markets, had since at least 2016 been promising whopping returns to OPP and municipal officers, and a select group of non officers including lawyers and businessmen.
Renton retired from the OPP in 2016. He was a detective sergeant in charge of street crime in the Simcoe area. Many of the initial investors were people Renton worked with at the OPP’s West Region OPP office in Simcoe, or retired OPP officers from the area who had moved to municipal forces. His former boss in Simcoe, Insp. Zvonko “Zonk” Horvat, said at one point in 2014 Renton asked for permission to have a second job as a financial adviser, and he turned him down. He also noticed Renton monitoring the markets from his detective office, and told him to stop.
