Lawyer sanctioned in fake GIC scheme [Advisor.ca (Canada)]
Manulife Financial Corporation (MFC)
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Source: Advisor.ca
ordered him to pay over $3.5 million in restitution to former clients, and revoked his licence to practice law. Following a hearing, the Law Society Tribunal sanctioned Patrick Glemaud, who didn't participate in the hearing. Given the lack of defence, the tribunal accepted the Law Society's evidence and concluded that Glemaud engaged in professional misconduct — including misappropriating client money that was being held in trust for crypto transactions, and for using his trust account to facilitate fraudulent investment schemes. According to the tribunal's decision, in 2022, after searching various financial firms' platforms online looking for GICs, an investor received a call from a man apparently posing as an advisor with Manulife, which led to the investor agreeing to deposit $2.7 million into a one-year GIC. At the direction of emails from the purported advisor, the investor wired $2.7 million to Glemaud's trust account in late October 2022. But, in early November, she disc
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- Outlook for Manulife Stock in 2026 [Yahoo! Finance Canada]Yahoo! Finance Canada
MFC
Earnings
- 11/12/25 - Beat
MFC
Sec Filings
- 12/11/25 - Form 6-K
- 12/3/25 - Form SUPPL
- 12/3/25 - Form 6-K
- MFC's page on the SEC website