Full Report

Key Points

    • Central figure in a major Ponzi scheme involving Calgary-based TransCap Corporation (TCC) and Strata-Trade Corporation (STC), raising approximately $52 million from investors through false promises of 15–22% low-risk returns (2005–2009).
    • ASC ruled in 2013 that Tindall and co-accused Dale St. Jean committed fraud against investors, with payments to earlier investors funded by new subscriptions rather than legitimate profits.
    • Subject to permanent market bans in Alberta, joint disgorgement of $9.6 million in ill-gotten gains, a $750,000 administrative penalty, and $35,000 in costs.
    • Involved in a prior U.S. SEC action in 2010 alleging fraud related to the Arcanum Equity Fund and Vestium Equity Fund, which raised $34 million.
    • Whereabouts unknown since approximately 2010, with no legitimate post-sanctions activity or professional records identified.


Overview

Gregory Dennis Tindall was a co-founder, director, officer (Secretary/Treasurer of TCC, Vice-President of STC), and shareholder (50% in TCC, 20% in STC) of two Calgary companies purporting to engage in bond trading and bridge financing. He presented himself as responsible for trading and investment decisions, though evidence showed a secondary role compared to primary operator Dale St. Jean. The operations collapsed in late 2009, leaving significant investor losses. Tindall has no known current legitimate business, occupation, or public presence.

Allegations and Concerns

Regulators found that Tindall engaged in fraud and made material untrue or misleading statements in offering memoranda, contracts, and promotional materials, concealed information about investigations, and lied under oath about remuneration. The operation functioned as a Ponzi scheme, relying on new investor capital to pay existing investors and generating no genuine profits. In the United States, the SEC alleged in 2010 that Tindall and his partners committed offering fraud through the Arcanum and Vestium Equity Funds. Additional red flags include fleeing the jurisdiction during an investigation, permanent bans from securities activities, and victim websites labeling him a fugitive fraudster with rewards offered for information on his whereabouts.

Customer Feedback

There are no positive consumer or investor reviews in public records, and feedback is uniformly negative from victims and scam-watch platforms. Victim alerts state that Tindall was the guiding mind who controlled and facilitated the laundering and concealment of illicit proceeds. Investors reported significant financial and emotional harm resulting from the scheme, as reflected in regulatory sanctions decisions. There are ongoing calls for information and recovery efforts, with no testimonials indicating legitimate dealings or investor satisfaction.

Risk Considerations

The situation carries significant financial, reputational, and legal risks. Financially, there is a high potential for total loss, as the scheme collapsed and provided no recovery mechanism for most investors. Reputationally, association with proven fraud and permanent regulatory bans could severely damage credibility. Legally, there are permanent prohibitions from serving as a director or officer, trading, or consulting in Alberta’s securities markets, along with possible ongoing civil or criminal exposure in related matters.

Business Relations and Associations

The primary partner was Dale Joseph Edgar St. Jean, identified as a co-founder and guiding mind of the TCC/STC schemes. U.S.-based associates included Robert L. Buckhannon and Terry D. Rawstern, who were named as managing members of the Arcanum and Vestium hedge funds in an SEC complaint. Other mentions include connections to TransCap UK and Palladium Management, with victim alerts also referencing family members, such as Pamela Tindall, and possible offshore channels.

Legal and Financial Concerns

ASC sanctions in 2013 imposed permanent cease-trade orders and director and officer bans, along with $9.6 million in joint disgorgement, a $750,000 penalty, and $35,000 in costs. In 2010, the SEC charged him in a hedge fund fraud matter and imposed civil penalties, including amounts cited as the maximum allowed in related cases. No public bankruptcy filings, unpaid debts beyond the sanctions, or criminal convictions were found; however, his whereabouts have been unknown since the investigation period, suggesting evasion of accountability.

Risk Assessment Table :

Risk Type Key Factors Severity (Low/Medium/High) Notes
Fraud Exposure Proven Ponzi scheme, misleading statements, fraud findings by ASC/SEC High Direct regulatory rulings; investor losses in tens of millions
Regulatory Ban Permanent bans from securities activities in Alberta High Lifetime prohibition; violations would trigger further enforcement
Financial Loss No recovery of funds; disgorgement ordered but compliance unknown High Victims report major harm; no legitimate assets traced
Reputational Damage Association with fraud schemes and fugitive status High Ongoing victim alerts and negative media persist
Legal Pursuit Potential ongoing civil/criminal exposure; unknown location Medium-High No recent actions, but sanctions remain enforceable
Operational Risk No active business; deliberate avoidance of visibility High Any new venture likely non-compliant or high-risk

Gregory Dennis Tindall’s record shows clear involvement in serious securities fraud, including a large-scale Ponzi scheme that caused substantial investor harm. Pros: None identified; no evidence of legitimate, compliant activity. Cons: Proven misleading conduct, regulatory sanctions, investor losses, and apparent disappearance to avoid accountability create an overwhelmingly negative profile.