The Alberta Securities Commission, alongside the RCMP Federal Policing Northwest Region’s Integrated Market Enforcement Team, announced that Calgary resident Alexander (Alex) Francis Ongoma has been charged with six Criminal Code offences following an investigation by the Joint Serious Offences Team. The charges comprise two counts of fraud over CAD 5,000 and four counts of uttering a forged document. Ongoma is alleged to have misrepresented his financial position and success as a foreign exchange trader to obtain money from investors, claiming he would invest on their behalf in the foreign exchange market and a property development, with funds not returned to investors. He was released on conditions including not soliciting investments, not becoming or acting as a director or officer of any issuer, registrant or investment fund, and not providing advice in respect of securities or exchange contracts; his first court appearance is scheduled for 14 November 2025 at the Alberta Court of Justice in Calgary.
Alberta Securities Commission 2025-11-03
Alberta Securities Commission and RCMP IMET announce six Criminal Code charges against Alexander Ongoma over alleged investor fraud
The Alberta Securities Commission and RCMP's Integrated Market Enforcement Team charged Calgary resident Alexander Francis Ongoma with six Criminal Code offences, including fraud over CAD 5,000 and uttering forged documents. Ongoma allegedly misrepresented his financial success to solicit investments in foreign exchange and property development, with funds not returned to investors. He is prohibited from soliciting investments and acting in certain financial roles, with a court appearance set for 14 November 2025.