Client who aided fraud cannot recover $240,000 in crypto: Court [Wealth Professional (Canada)]
Royal Bank Of Canada (RY)
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Source: Wealth Professional
In HoneyBadger Enterprises Ltd. v Bue , 2026 SKCA 40, the Court of Appeal for Saskatchewan overturned a lower court ruling that had split a residual $200,000 loss equally between the victim and a cryptocurrency broker, resulting in total awards of $140,000 to HoneyBadger and $100,000 to Bue. The court also dismissed a cross-appeal by Norman Bue, which had argued that the two disputed $100,000 Bitcoin purchase contracts were invalid because he had no knowledge of the transactions when they occurred and had not authorised them. HoneyBadger Enterprises Ltd. was awarded the entire $200,000 still in dispute on appeal; a separate $40,000 that Bue had already acknowledged owing had been released to HoneyBadger before the appeal proceedings. The fraud began in 2022 when Bue invested $53,873 in a fictitious online company called "Main Bit Ltd." When he attempted to withdraw his investment, the company stopped responding. He subsequently transferred over $190,000 to someone purporting to wor
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Earnings
- 2/26/26 - Beat
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Sec Filings
- 3/30/26 - Form 424B2
- 3/30/26 - Form 424B2
- 3/30/26 - Form 424B2
- RY's page on the SEC website