Edmonton lost $1.6M to invoicing scheme where city didn’t see the signs: audit – Edmonton
The City of Edmonton is trying to recover in court $1.6 million from what the city auditor said was a fraudulent invoice scheme involving a pair of city employees, a private sign supplier and the city’s neighborhood renewal program. Invoices were sent and cheques were cut over a four-year period between 2015 and 2019. Then,…
SNC Lavalin stock plunges after federal prosecutors decline to negotiate a deal – Montreal
SNC-Lavalin Group Inc. shares plunged to their lowest level in years on Wednesday after it announced that federal prosecutors won’t agree to negotiate a deal that would set aside unproven fraud and corruption charges in return for fines, co-operation and other reparations. The Montreal-based engineering and construction company’s shares were down more than 14 per…