The financial advisor who helped Canadians find their financial "G-Spot" has been handed a four-year jail sentence for defrauding some 20 victims of more than $1.5 million.
The financial advisor who helped Canadians find their financial "G-Spot" has been handed a four-year jail sentence for defrauding some 20 victims of more than $1.5 million.
There was no mistaking that the 38-year-old set out to abuse the trust of clients, suggested Justice Colin Westman in handing down the sentence Thursday.
Killins will spend another 33 months in prison -- that`s in addition to time already served.
According to an agreed statement of facts, as reported in the Kitchener-Waterloo Record, she took out personal loans in her clients’ names without informing them, redeemed money from clients’ RRSPs without their knowledge, and fraudulently used one victim’s credit card.
Killins sought to cultivate a celebrity image. According to her bio on pro-seminars.com, a site that claims to offer quality, affordable, continuing education, “Jenn is bold, humorous, sassy, and empathetic, as well as a strong advocate for the passion she has for the “G Spot.”
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The Kitchener paper reported allegations that Killins created fake financial statements from major companies, even though the companies had no record of those funds ever being invested.
As is standard for a Ponzi scheme, she made payments to her clients claiming that they were investment returns when the money had actually been taken from other clients. The paper said Killins, owner the Dollars and Sense Financial Group, spent the rest of that money on herself for indulgences that included cosmetic surgery.
As well as being an author, Killins fancied herself a motivational speaker. According to her pro-seminars bio, “Jenn has an unbelievable and creative way of keeping FINANCE simple that leaves you hungry for more. She engages the audience with her conceptual approach and sincere personality.”
Former clients, who have good reason to doubt her sincerity, may be feeling hungry themselves. Many have had to sell their homes or delay retirement after losing their life savings, the paper reported.
Others are saddled with payments after taking out loans for investments that were never actually made. Some have also had ongoing problems with the Canada Revenue Agency after Killins allegedly filed fraudulent income tax returns for them, or said she had filed returns but didn't.
