Former Surrey man Johny Panyavong, 26, has been charged with fraud over $5,000, theft over $5,000 and using forged documents, the B.C. Securities Commission is reporting. He was arrested June 18 in Ontario.
The charges were laid following a BCSC investigation and relate to allegations that $40,000 solicited for investment in a real estate project was misused and the investor was presented with forged financial and immigration documents, a BCSC press release states.
Panyavong was arrested following a joint effort by the BCSC’s criminal investigations branch, the Ontario Securities Commission’s joint serious offences team and the Niagara Regional Police.
He was then transferred to B.C. and after a June 24 appearance in Surrey provincial court was released on $5,000 bail and ordered to surrender all his travel documents.