Psychologist who tricked investors dies

The Morning Show aired on GlobalTV at 8 a.m. ET When R&M said she wanted her money back, the man tried to talk her out of it On Friday, The PEN Journal for women…

Psychologist who tricked investors dies

The Morning Show aired on GlobalTV at 8 a.m. ET

When R&M said she wanted her money back, the man tried to talk her out of it

On Friday, The PEN Journal for women and family affairs revealed that Jason Neil de Gaboray, a c.ph. psychologist who used financial wizardry to con tens of thousands of investors out of hundreds of millions of dollars, committed suicide.

According to the Department of Community Safety and Correctional Services, de Gaboray killed himself in his jail cell two days after a sentencing hearing for securities fraud and deception.

He reportedly had three court-appointed lawyers and was cooperating with the government.

But he had denied all allegations of wrongdoing, telling the court on April 7 that “my name is Jason, and you’re going to get the rest of the information.”

Before his death, the psychologist had been found not guilty of sexually abusing a mentally-ill woman after she testified at his sentencing hearing.

How the alleged scam is described on the website of OPP Detective Sergeant Clive Osher states:

“The OMX firm was registered as “IBC Capital” on May 18, 2011. IBC Capital was nothing more than a front company designed to raise money for a bogus private funeral home business.

“From February 2011 to December 2014, businesses, individuals and even church congregations were told they were sponsoring military caskets for a Victoria Memorial Private Funeral in Victoria, B.C. However, in actuality IBC did not do any such thing.

“This operation was only meant to produce a scam in which the money raised through the businesses and consumers was fictitious or stolen to support the business’s estate plan.

“Losses amounting to over $500,000 by businesses and consumers have been recognized as a result of this scam, as well as added to the loss total for those duped into making investments with IBC Capital.”

Leave a Comment