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by Mike Caswell

Harbourfront Wealth Management Inc. has won an order in the Supreme Court of British Columbia in its case against an unknown party accused of defrauding the firm of $504,152. A judge has ordered three banks to turn over identifying documents and transaction records associated with accounts that were used in the scheme. The banks are what Harbourfront describes as "innocently involved" third parties to the fraud.

The order comes as part of a case in which Harbourfront is suing an unknown party who posed as a wealthy client named Robert Samuels. Harbourfront says that Mr. Samuels transferred money in and out of the firm, but the incoming transfers came back weeks later as rejected. By the time Harbourfront realized the problem, Mr. Samuels had already transferred $442,632 from his accounts and had inflicted $61,520 in trading losses, the firm claims.

The present order, handed down on Sept. 22, 2025, stems from Harbourfront's efforts to trace the money, at least some of which remains in the bank accounts. The order directs Royal Bank of Canada, Bank of Nova Scotia and National Bank of Canada to hand over account opening agreements and signature cards as well as account statements and records of deposits and withdrawals. The banks did not oppose the order.

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