Malcolm Cameron Stevenson arrested for running a Ponzi scheme, BC

The E Division RCMP Commercial Crime Section arrested Malcolm Cameron Stevenson (55) on a Canada wide warrant in Mississauga, Ontario on March 21st, 2011. The arrest stems from an investigation by the Commercial Crime Section into International Fiduciary Corporation which was held out to be an investment program operating between 2004 and 2006 that was offered to investors primarily in British Columbia. It is alleged that the program was being operated as a multi-million dollar Ponzi scheme that bilked Canadian investors of an estimated $37 million. The arrest warrant for Stevenson was issued earlier this year.

Stevenson has been returned to BC and is currently in custody awaiting trial. An American co-accused in this investigation, Preston Pinkett II , was arrested in the USA by American authorities in conjunction with the Commercial Crime Section investigation.

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