Latest news with #QikiqtaalukBusinessDevelopmentCorporation
CTV News
03-07-2025
- CTV News
Man accused of defrauding millions from Nunavut corporations
The Royal Canadian Mounted Police office is seen Saturday, April 25, 2015 in Iqaluit, Nunavut. (THE CANADIAN PRESS / Paul Chiasson) A 23-year-old man has been charged in a multi-million dollar fraud scheme in Nunavut. RCMP allege he defrauded the Qikiqtaaluk Business Development Corporation, an economic development agency in Iqaluit, of $2.9 million, as well as the Nunavut Film Development Corporation of $26,000. Police believe he compromised the corporations' email accounts and transferred the funds in the fall. He was arrested in Edmonton on June 25 and faces two counts of fraud over $5,000. He is scheduled to appear in court in Iqaluit on July 22. According to RCMP, more than $67 million has been lost in these types of scams in Canada since the start of 2024.
CBC
02-07-2025
- Business
- CBC
Edmonton man charged with defrauding Nunavut corporation of nearly $3M
A 23-year-old Edmonton man has been charged in a case of multi-million dollar fraud in Nunavut. Kirk Nosagie Iyekekpolor has been charged with defrauding the Qikiqtaaluk Business Development Corporation — an economic development organization working in the Baffin Island region. Iyekekpolor is accused of stealing over $2.9 million from the corporation in the fall of 2024. He is also accused of defrauding the Nunavut Film Development Corporation of $26,000. In a news release Wednesday, the Nunavut RCMP said the money was stolen through a business email compromise — a sophisticated scam where someone hacks a business email account to conduct unauthorized transfers of funds. The Iqaluit RCMP, with the assistance of the Alberta RCMP, arrested him and charged him with two counts of fraud over $5,000. This is the second multi-million dollar fraud arrest in the territory this year A Winnipeg man was also charged earlier this year for using the same method to defraud the Qikiqtani Inuit Association of over $2 million.
