I don't think anybody should assume that Canada has a monopoly on fraud, abuse, mismanagement, accounting tricks, etc.
There is gonna be plenty of stories just like this one coming about some US-based operators at some point in the future. There is just way too much money being thrown around in this sector and that is gonna tempt some bad people to do bad things which will hurt innocent and trusting investors.
Not all Canadians are crooks and not all Americans are angels.
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