TORONTO -- A Montreal man with scores of convictions for fraud and other related offences will be in court next month to face two charges following an investigation by the Joint Serious Offences Team of the Ontario Securities Commission.
The regulator says Michael Mitton, whose trail of approximately 100 convictions on fraud, forgery, money laundering and other offences dates to 1977, has been ordered to appear in court in Toronto on March 13.
The OSC says Mitton faces one count of trading without registration and one count of trading in securities while prohibited from doing so.
Mitton has been banned for life from trading securities in Ontario, Alberta and British Columbia.
In 2007, Mitton pled guilty in Ontario to criminal charges of market manipulation and money laundering and was sentenced to seven years in prison and ordered to pay restitution of US$2.6 million.
Mitton's permanent cease trade order in Ontario has been in place since December 2011 and flowed his 2007 criminal conviction. The order prohibits Mitton from trading or acquiring securities and bans him from relying on any exemption in Ontario securities law.
The Joint Serious Offences Team is a partnership between the OSC, the RCMP and the Ontario Provincial Police.
