Saturday, October 28, 2017

Frederick Johnathon Nielsen a bad doggie

Fred Gilliland, now Frederick Nielsen, is arrested in Point Roberts in 2005
Frederick Johnathon Nielsen, 65, was led away in handcuffs Sept. 25 following the sentencing by a judge in North Vancouver provincial court. Nielsen has a long history of swindling the public and ignoring securities regulations. He was sent to jail for six months after pleading guilty to breaching an order of the B.C. Securities Commission.
Nielsen had been banned by the securities regulator more than six years ago, but that didn’t stop him from diving back into the same crime with a new boiler room between December 2013 and April 2015. But that was far from his first brush with the law. Nielsen is a chronic, repeat offender.

Back in 2001, Nielsen – who was then Fred Gilliland – was charged in the U.S. for a massive investment fraud scheme in Florida. Gilliland fled to West Vancouver, where he lived a lavish lifestyle while stalling extradition. Eventually he was lured across the border by a disgruntled investor and arrested by U.S. authorities in 2005. He was handed a five-year jail sentence and ordered to pay $12 million in restitution to his fraud victims and a $10-million regulatory penalty. The fines remain unpaid.
Nielsen’s lawyer argued for leniency, pointing out that “he was destitute upon his release from custody and had to sell his Rolex watch and diamond jewelry to get by.”