SERIAL FRAUDSTERS AND PLATINUM STANDARD REAL ESTATE SCAM ARTISTS IN EDMONTON!

At CancomR, we think these crooks really make your real estate investment a poof!

Hard to believe eh.? Ask investors who have lost their hard-earned money since 2006.

Meet the Scam Artists

Note: These fraud's emails and addresses information were obtained from Service List document (Dated May 31, 2022) by FTI Consulting Canada Inc - which is currently available in the public domain. The link is  http://cfcanada.fticonsulting.com/roxdalegardens/docs/Service%20List%20as%20of%20May%2031,%202022.pdf 

Cancom is a corporation incorporated under the ABCA on October 25, 2006. The voting shares of Cancom are held by Vikas Kwatra (33.33%), Rohit Sethi (33.33%) and Yuvraj Verma (33.33%), who are the only officers and directors of Cancom - in our opinion, have declared bankruptcy, defrauding millions of dollars of numerous people by undertaking investment fraud scheme where returns are paid to investors using new capital from newly recruited investors as opposed to interest and profits from legitimate investments. Cancom office is located near 39 Avenue 97 Street, Edmonton, Alberta.

We invested in one of their spinoffs Live Better Ltd and so our friends too, who took out their RRSPs, sold their homes to invest etc...their principal investments range from $20k to $1.2m. We all are deeply hurt emotionally and financially! We trusted these fraudsters with our money and time; however, living now with no guarantee if our principal investment will be returned to us.  

If you have invested with them, it's likely you are not listed as a creditor in their Form 69 bankruptcy application. As creditor, you must prove your claims against the estate of these fraudsters in order to receive a share in any distribution of the proceeds realized from their estate. Pursuant to section 168.1 of the Bankruptcy and Insolvency Act, these fraudsters will be given an automatic discharge, unless you as creditor give notice of intended opposition to the discharge of the bankrupt before that date (which we learned is Nov 19, 2021).  

Do you know if these scammers are discharged? Please email us with information to cancom.r.scam@gmail.com 

Meet the ones who supported them

Note to the support team: We think these fraudsters have made you a party in the fraud. You came to our homes and marketed/ sold their products with them. You took our money in cash/cheques for them. You were in in-person sales presentations and social media promoting their products and perhaps read and signed many documents. Many of the investors have met you in CancomR office and are willing to attest to these statements. You want us to remove your information - here is the deal!  Prove us incorrect, we will retract everything here and also ask for a public apology. 

We think these fraudsters, before declaring bankruptcy, could have sold their property for less than 'fair market value' or transferred them to people or companies close to them. Thus your names could be potentially implicated in the lawsuit. We reasonably believe, there is a high likelihood you are exposed to or know their scam. If you do, this is your opportunity to speak up and stand against these fraudsters. You dont have to live your life with this legacy. Come forward about the wrongdoing and report it to the legal authorities, as a responsible citizen! 

A good and credible witness can make a lot of difference in the lawsuit. It takes a braveheart to put their first step forward. With the help of the information from investors, we reached out to one of Cancom ex-employee. This person is willing to come forward to appear before appropriate law authorities to testify about transactions at Cancom office. We applaud their effort and hope their statements take us one step closer to slowing down these scamsters!

Every human being desires justice

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"Financial fraud happens when someone deprives you of your money, capital, or otherwise harms your financial health through deceptive, misleading, or other illegal practices. For all types of financial fraud it is important to report the crimes to the appropriate agencies and law enforcement as soon as possible. "  Victim Connect. 2020. Financial Fraud. https://victimconnect.org/learn/types-of-crime/financial-fraud/