David Michael Michaels

David Michael Michaels: With a weekly radio show to trumpet his claims, Michaels drew elderly investors like lambs to the slaughter. , according to Canadian Broadcasting Corporation, CBC. But B.C. Securities Commission head Teresa Mitchell-Banks said Michaels "entire business was a fraud." The B.C. Securities Commission has convicted Victoria-area financial adviser David Michael Michaels of perpetrating a massive fraud that cost hundreds of investors a total of $65 million. "We are generating over $67,000 in monthly income for our clients," he boasted on his show. "For me and my clients, give me the most rate of return for the least amount of risk." David Michael Michaels right and his lawyer walk to a B.C. Securities Commission hearing in 2013. CBC (news.financializer.com). As reported in the news.