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Investment Adviser Sodhi Sentenced to Prison for Defrauding Investors

United States District Judge sentenced Janamjot Singh Sodhi, 35, of Fresno, a former investment adviser, to four years and nine months in prison for four counts of mail fraud and one count of wire fraud in connection with a scheme to defraud investors, announced United States Attorney Benjamin B. Wagner on Monday. The court ordered Sodhi to pay $2,386,000 in restitution to victims.

According to court documents, from 2005 through September 2011, Sodhi carried out a scheme to defraud investors through his business Elite Financial Inc. Sodhi solicited investments from individuals using false pretenses, promising various investment opportunities with high rates of return in a relatively short period of time. He did not use the investors’ funds for the stated investment purpose but instead paid returns to other investors and personal expenses for himself and others. To lull investors into believing that their funds were secure and were being used for their intended purpose, Sodhi periodically sent them false financial statements purportedly showing the investments made on their behalf. When investors requested a return of their investments, Sodhi stalled and delayed by using a variety of falsehoods. In some cases, he repaid certain investors with funds from newly acquired investors. In other cases, he provided investors with repayment checks that were insufficient, counterfeit, or drafted on a closed account.

In January 2006, the New York Stock Exchange permanently debarred Sodhi, and in January 2009, the California Department of Corporations ordered Sodhi to cease and desist from engaging in the business of an investment advisor in California. Despite his debarment and lack of state certification, he continued to hold himself out to clients as an investment/financial adviser who could buy and sell securities on behalf of clients.

This case is the product of an investigation by the Federal Bureau of Investigation and the Fresno Police Department. Assistant U.S. Attorneys Kirk Sherriff and Christopher Baker prosecuted the case.

Canadian woman charged with smuggling thousands of dollars in bra at U.S. border

A woman believed to be from the Windsor area is in jail in Michigan for allegedly trying to smuggle tens of thousands 0f dollars across the border by padding her bra with cash.

Moura El-Asmar, 51, will have a bail hearing in Detroit. She was arrested on the American side of the Windsor-Detroit tunnel Sunday after she and her 16-year-old daughter, Jacinta, were patted down during secondary inspection.

Both were found to have cash totaling $59,000 sewn into the linings of their bras.

The mother and daughter had a travel itinerary that showed they were catching a flight to Lebanon later that day to visit relatives.

According to documents filed in U.S. District Court, Moura El-Asma told border officers she was carrying $3,300. When her purse was searched in secondary inspection, officers found more than $15,000.

Moura El-Asmar allegedly told the officers she hadn’t counted the money and didn’t realize she had so much.

The total amount was nearly $73,000.

An officer patted her down and noticed what was described as a “bulky mass” on her bra. She was searched and was found to have four bags sewn into her bra. Three bags contained $10,000 each and the fourth had $9,000.

The daughter was searched and was found to be carrying $20,000 in two bags sewn into her bra.

Moura El-Asmar admitted to officers she had sewn the money into the bras, according to the court document. Her daughter said her mother had asked her to wear the cash-laden bra, but she had no idea how much money was in it.

Moura El-Asmar allegedly told the border officers she didn’t want to declare the money because she didn’t want her driver – her boyfriend Michel Barnaba – to know that she had so much money.

Moura El-Asmar allegedly told the border officers she collects a disability pension and has a paper route. Her daughter babysits and another daughter works at a travel agency.

Border officers say they ran a criminal background check on Moura El-Asmar and found she has been convicted in Canada twice for theft under $1,000, in 1992 and 1993. The convictions would prevent her from entering the United States.

She is charged with four offences related to her border stop Sunday.

Besides the crime of lying to border officials, it’s against the law to bring more than $10,000 into the United States without filing a report.

Moura El-Asmar and her daughter are Canadian citizens believed to reside in the Windsor area, said Gina Balaya, spokeswoman for the U.S. Attorney’s Office. The daughter was released, but Moura El Asmar is in the custody of U.S. Marshals.

Safeway Bought Over By Grocery Chain Sobeys For $5.8 billion

With one large move, Nova Scotia-based supermarket chain Sobeys has gone from a small player in B.C.’s grocery store market to one of the province’s dominant players by buying Canada Safeway for $5.8 billion.

Consumers likely won’t see big changes, according to retail consultant David Ian Gray, because Empire Co., parent of the 106-year-old Sobeys grocery chain, won’t want to abandon the goodwill that Safeway has built up through its Air Miles and Club Card loyalty programs or alienate its existing customer base.

Gray, the principal of his firm DIG360 Consulting, said Sobeys would also be wary about surrendering Safeway’s brand value, because rebranding is an expensive proposition.

Of Safeway’s 223 Canadian stores, 75 are in B.C., with 40 in the Lower Mainland alone.

“This is a very big retail story,” Gray said, adding Sobeys is “very much in competitive fight mode” against U.S. giants Walmart and Target.

The food business is getting tougher and the divide is increasing between low-end stores such as Buy-Low and PriceSmart and the higher-end stores such as Overwaitea’s Urban Fare and Whole Foods, which sell freshness and service.

Sobeys bought 20 Thrifty Foods stores in 2007 for $260 million. Today it owns 31 Thrifty Food stores, and have continued to operate them under the Thrifty brand.

The purchase will put Sobeys solidly in second place in the national grocery market, with annual revenues of $24 billion and $1.8 billion in owned real estate.

Loblaws, which operates Superstores in B.C., has annual revenue of $31 billion, Gray said.

Safeway in Canada has spruced up their stores a bit, but nothing Earth-shattering. They’re not the low-cost provider, they’re not the freshest, they’re in the middle. But the one thing they do have is a lot of real estate.

Hindu Chariot Parade to be held in Metro Vancouver in August

A Hindu chariot parade will be held on the streets of Greater Vancouver on August 9.

A chariot will be pulled through the streets of Burnaby as a part of the Annual Ther Festival organized by the Arul Migu Thurkadevi Hindu Society, a Charitable Organization which runs a temple in Burnaby.

Some Burnaby roads will be closed to traffic during the parade.

A few hundred people are expected to participate in the parade, which will last few hours. Burnaby City Council has reportedly approved it.

Hindu statesman Rajan Zed applauded the efforts of the organizers and the Greater Vancouver community, in a statement today in Nevada (USA), for exhibiting the richness of Hinduism.

Zed explained that in ancient Hindu scripture Katha Upanishad, the concept of chariot is thus: soul is the deity, body is the chariot, and intellect the charioteer.

Zed, who is President of Universal Society of Hinduism, said that it is important to pass on Hindu spirituality, concepts and traditions to coming generations in the midst of so many distractions in a consumerist society.

Zed stressed that instead of running after materialism, we should focus on inner search and realization of ‘self’ and work towards achieving moksh (liberation), which is the goal of Hinduism.
The temple’s main deity is Sri Durgai Amman.

The temple complex is also used for weddings, aathma santhi poojas, initiating babies to solid food, education and ear piercing among other cultural activities.

Punjabi folk singer Nachattar Gill booked for raping upcoming model

nachhatar-gill

Police in Punjab’s Ludhiana booked Punjabi singer Nachhatar Gill following a complaint by an aspiring model that he and his accomplices had raped her on the pretext of casting her in music videos and films.

Famous Punjabi folk singer Nachattar Gill and three of his aides were on Friday booked for allegedly raping an upcoming model on pretext of arranging “good assignments” for her.

A case of rape and criminal conspiracy was today registered against Nachattar Gill and his three friends.

“The case was registered after detailed investigations on the complaint by a Special Investigation Team, which had been formed to probe the complaint,” Additional Deputy Commissioner of Police, Ludhiana, Nilambri Jagdely said.

Police said that a complaint was filed by a young woman of Haibowal area with the Ludhiana’s Commissioner of Police.

She has alleged that Gill and three of his friends had raped her “several times”, first time in a Chandigarh hotel, police said. The victim has claimed that the singer and his friends had promised to arrange good assignments for her as she was an upcoming model.

The case against Gill and his three accomplices has been registered by police following a nearly four-month-long enquiry into the victim’s complaint. They have been booked on charges of rape, cheating and intimidation (under Indian Penal Code) and various sections of the Information Technology (IT) Act. No arrests have been made so far.

Gill facing attempted murder charge

A Brampton man is facing an attempted murder charge in stabbing of a woman on McMurchy Avenue.

The 34-year-old victim is recovering in hospital from multiple stab wounds following an attack around 5 p.m. at an apartment at 430 McMurchy Ave.

Jagwinder Singh Gill, 47, faces a charge of attempted murder and one of breach of recognizance in connection with the incident. He was arrested after police arrived and found the woman unconscious and bleeding.

The woman was rushed to hospital in critical condition, but has since been upgraded to serious condition.

Anyone with information about the incident is asked to call the 22 division criminal investigation bureau at 905-453-2121, ext. 2233 or Peel Crime Stoppers at 1-800-222-8477.

Delta by-election not needed as new MLA granted leave from council

Delta won’t be going through a costly by-election to fill Scott Hamilton’s council seat.

Mayor Lois Jackson has announced that Hamilton, who won the riding of Delta North for the Liberals in last month’s provincial election, has been granted his request for a leave. It takes effect from June 17 of this year to Jan. 7, 2014. After that, he’ll officially step down, but it will be close enough to the November 2014 civic election so that a by-election won’t be required.

Although he is also stepping down from his committee appointments, Hamilton still intends to take part in as many council meetings as he can, especially to ensure council has a quorum. Hamilton will not be paid during this period.

Coun. Robert Campbell said it ensures taxpayers won’t have to foot the bill for a by-election that can cost over $200,000.

Coun. Sylvia Bishop voted in opposition, saying she’s not sure Delta can be well served without a full council. She ran for the NDP against Hamilton in Delta North.

Delta is already the largest city in the province to only have six councillors, and Hamilton’s absence will leave Delta with essentially five until late next year.

Following last month’s election, Premier Christy Clark asked several of her newly elected MLAs, who were also civic politicians, to take leaves of absence from their council jobs to avoid by-elections.

Quebec Soccer Federation Must Revisit Turban Ban, says Nina Grewal

Member of Parliament Nina Grewal (Fleetwood-Port Kells) is calling on the Quebec Soccer Federation torevisit its decision to ban Sikh religious headwear. The Quebec organization is refusing to follow the lead of the Canadian governing body and other provincial soccer federations and permit Sikh soccer players to play while wearing turbans, patkas, or keskis.

“I am deeply disappointed that the Quebec Soccer Federation has chosen to maintain its ban on Sikh religious headwear,” declared Ms. Grewal. “Children and their families shouldn’t have to choose between their religion and playing organized sports.”

“I have always been proud of our country’s diversity and that kids, no matter their religion or ethnicity, could play together free from discrimination of any kind. I therefore hope that the Quebec Soccer Federation amends its stand and lifts the restriction so that Sikh children can return to the soccer field.”

The Conservative Government has been a strong defender of diversity, multiculturalism, and religious freedom both in Canada and abroad. In fact, it was our government that created Canada’s first Office of Religious Freedom. We are committed to a person’s right to freedom of religion or faith. We have made it a priority to protect and promote this universal right and to promote pluralism generally as it binds our diverse peoples together and allows individuals to retain their cultural, linguistic and religious heritage within a framework of shared citizenship.

“I am not a soccer player, but I’ve watched many games, and I simply cannot understand how a turban could be seen as a safety risk,” continued Grewal. “Turbans are soft fabric and they’re not going to harm anyone. I can see no valid reason for a ban on the wearing of turbans or other religious headwear by soccer players in Canada.”

“Turbans are religiously significant to Sikhs. Sikhs have fought in both World Wars,they have sacrificed their lives for freedom and democracy, and won the highest recognitions and honours. It is time to put an end to unnecessary controversies regarding the wearing of turbans,” concluded Grewal.

Jasbir Sandhu Raises Issue Of Federal Funding For Pattullo Bridge Upgrades

In the House of Commons Jasbir Sandhu, NDP MP for Surrey North, demanded that the Minister of Transportation and the Conservative government take steps to ensure that there are no tolls for the proposed upgrades to the Pattullo Bridge.

“Residents in Surrey North agree that the upgrade is long overdue, however they are also rightly concerned about the proposed toll to pay for the upgrade”, said Sandhu. “With a toll already in place on the new Port Mann Bridge, residents of Surrey are being unfairly targeted and are running out of options to commute without being charged at every pass. The upgrade is more than what municipalities and Translink can afford. Stephen Harper and the Conservative government need to step up to the plate on infrastructure funding, and the federal government needs to pay their fair share”.
This is not the first time that Sandhu has addressed the issue of lack of infrastructure funding for British Columbians. In April, in a question posed to the House of Commons about the Conservative Budget 2013, Sandhu mentioned that cuts to infrastructure will disproportionally affect the growing areas of British Columbia.

Sandhu will be paying close attention to the outcome of the joint Pattullo Bridge Review taking place over the month of June in Surrey and New Westminster, and will be pushing hard for an outcome where Surrey taxpayers do not have the added burden of paying for another toll bridge.

Fair at PNE Reduces Admission & Parking Fees for 2013

Since 1910 fairgoers from across BC and around the world have made The Fair at the PNE their beloved annual end-of-summer tradition and the largest ticketed event in the province. This year The Fair at the PNE is proud to unveil a multi-million dollar entertainment lineup, including exciting new features, returning fan favourites and one of the best Summer Night Concert lineups to date. To top it all off guests of the 2013 Fair will see a 20% reduction in pricing of general admission and parking at the Fair – running August 17th to September 2nd (except Mondays August 19th and August 26th).

This year’s Summer Night Concerts lineup has something for everyone, featuring legendary classics, electronic pop, country, rock, and indie-folk music. With their smooth harmonies and catchy lyrics, The Beach Boys found early success as “America’s Band.” After numerous hits over the years, including “Good Vibrations,” “Wouldn’t It Be Nice” and “Surfin’ U.S.A.,” the band was inducted into the Rock and Roll Hall of Fame. Fellow inductees, The Jacksons, shot to fame with Motown favourites, “I Want You Back” and “Who’s Loving You,” and for the first time will be bringing their funky sound to the Fair. Canadian group Sam Roberts Band will have fans singing along to their Juno Award winning hit, “Bridge to Nowhere.” Melissa Etheridge’s powerful vocals will sound through the fairgrounds as the singer-songwriter takes the stage. Electronic pop artist Lights will be sure to attract the younger generation while country singer Dean Brody will have his female fans swooning. Rounding up the lineup and musical genres are Great Big Sea and blues singer-songwriter, Colin James. The Summer Night Concerts will run every evening from August 17th to September 2nd (except Mondays August 19th and August 26th) at 8:30pm on the WestJet Concert Stage.

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