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Ontario financial advisor charged in $1.8M fraud investigation

Summary by Ground News
Police in central Ontario have laid a dozen charges against a financial advisor who is alleged to have stolen more than $1.8 million from clients. The Ontario Provincial Police says the local advisor is charged with defrauding the public and eleven counts of uttering a forged document. They say 40-year-old Kevin Douse, of the Township of Severn, was arrested Thursday after a 16-month investigation. Police allege some clients were asked to provide investment funds by cheque payable to Douse instead of payable to the investment company, adding roughly $1.8 million is suspected to have been misallocated.

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The Hamilton Spectator broke the news in Hamilton, Canada on Saturday, April 26, 2025.
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