On April 21, Major Fraud Detectives arrested Mark Allen Dennis, age 42, of Ancaster. He has been charged with Obtain Credit by False Pretence and Theft by Conversion x 4.
Mark Allen Dennis is the President of the Dennam Group of Companies.
It is alleged that between 2004 and 2006 Mark Dennis misappropriated $1.8 million from one of his clients while in his capacity as a financial advisor.
UPDATE………………September 16th, 2010
While continuing with the ongoing investigation of frauds involving Mark Allen Dennis, Hamilton Police Major Fraud Branch investigators in cooperation with the Ontario Securities Commission, found that an Ancaster man was also involved in fraudulent activity.
It is alleged that during 2009 and 2010 Lamar VAN DUSEN, 37 yrs. of Ancaster, fraudulently obtained $600,000 from two victims. Lamar VAN DUSEN is the President of Capital Concierge Financial Services and he was listed as one of the Directors of Dennam Consulting.
On August 18th, 2010, Major Fraud Detectives arrested Lamar VAN DUSEN. That same day VAN DUSEN was released on a Promise to Appear for a future court date.
VAN DUSEN attended court in Hamilton on September 15th on charges of Theft by Conversion Over $5,000 x 4, Utter Forged Documents x 6, and Laundering Proceeds of Crime Over $5,000.