The Ontario Securities Commission announced that Dino Delellis, also known as “Dean Delalis”, has been charged with fraud and making a prohibited representation under the Securities Act, in relation to alleged conduct affecting two Ontario investors between July 1, 2022 and December 31, 2023. The OSC alleges that Delellis used investor money for personal expenses, failed to invest funds as promised, and promised to repay losses if one investor bought securities from him. He is also alleged to have used a fake name to obscure his record of securities misconduct. The release notes that, in 1998, the OSC found Delellis took secret commissions, made misrepresentations and breached fiduciary duties to clients while employed by The Height of Excellence Planning Group Inc. Delellis is scheduled to appear in court on September 2, 2025 at 9:30am in London, Ontario. The charges arise from an investigation by the OSC Enforcement Division’s Criminal Investigations & Prosecutions team.
Ontario Securities Commission 2025-08-11
Ontario Securities Commission charges Dino Delellis with fraud and prohibited representation involving two Ontario investors
The Ontario Securities Commission (OSC) has charged Dino Delellis, aka Dean Delalis, with fraud and making a prohibited representation under the Securities Act, related to alleged misconduct affecting two Ontario investors. The OSC alleges Delellis misused investor funds for personal expenses, failed to invest as promised, and used a fake name to hide past securities misconduct. The charges stem from an OSC Enforcement Division investigation.