NEWS
05/26/2016 14:18 EDT | Updated 05/27/2017 01:12 EDT

Rashida Samji guilty in $110M Ponzi scheme

A former Vancouver notary has been found guilty on 28 counts of theft and fraud in relation to a $110-million Ponzi scheme.

The verdict came after the judge rejected Rashida Samji's bid to claim the criminal charges against her would amount to double jeopardy, because she had already been disciplined by B.C.'s securities regulator.

Samji was fined $33 million by the B.C. Securities Commission (BCSC) in January 2015 for defrauding more than 200 victims in the decade-long Ponzi scheme.

She was also permanently banned from B.C.'s capital markets.

Samji will be sentenced on Sept. 27 and could face up to 14 years in jail.

With files from Jason Proctor