This action was dismissed. The allegations described below were not established. This page is kept online so that the outcome is visible alongside the original filing.

OSC v. 2002 Concepts Inc. and others (ponzi schemes, 2017)

Dismissed

Machine-extracted, pending human review. The structured fields on this page were parsed automatically from the regulator's own release, linked below. Read the primary document before relying on any figure here, and tell us if something is wrong.

In 2017, the regulator brought an action, since dismissed, against 2002 Concepts Inc. and 7 others, alleging conduct this library classifies as ponzi schemes. The release does not state a monetary figure that we were able to extract.

The record

Structured fields for this action, as recorded in our case library.
Agency	OSC
Date filed	2017-01-10
Date resolved	2017-03-29
Court	Capital Markets Tribunal (Ontario)
Status	dismissed
Criminal parallel	No
Defendants	2002 Concepts Inc. (entity) ; Irene G. Beilstein (individual) ; CDN Global Wealth Creation Club RW-TW (individual) ; Global Wealth Creation Opportunities Inc. (entity) ; Global Wealth Creation Opportunities Inc. (Belize) (entity) ; Global Wealth Creation Strategies Inc. (entity) ; Global Wealth Financial Inc. (entity) ; Susan Grace Nemeth (individual)
Techniques	Ponzi schemes

What was ordered

Civil penalty: —
Disgorgement: —
Prejudgment interest: —
Total relief: —
Alleged gain: —

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

the regulator announced this matter on January 10, 2017. The respondents named are 2002 Concepts Inc. and 7 others (3 individuals, 5 entities). The action was brought in the Capital Markets Tribunal (Ontario).

This library tags the matter as ponzi schemes, based on the conduct the regulator describes. Each tag links to a page explaining how that technique works, what statute it engages, and what penalties comparable actions have attracted. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.

The action was dismissed. We keep dismissed matters in the library precisely so that the outcome is visible alongside the original allegation.

What technique is this, and how does it work?

This action is tagged with one technique in our taxonomy. The tagging is ours: regulators charge statutory provisions, not technique names, so the mapping is an editorial judgement described in our editorial policy.

Ponzi schemes — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

The linked release is published by the issuing regulator under its own terms. Our summary and narrative above are our own writing.

Other actions in the library sharing at least one technique tag with this one.

Action	Agency	Filed	Technique	Penalty	Status
SEC v. Mark D. Hanf and Hoai-Nam Chu Phan a/k/a Nam Phan (ponzi schemes, 2026)	SEC	2026-09-04	Ponzi Schemes	—	settled
SEC v. David T. Gilchrist, Christopher Aaron Novinger, Rebecca Novinger (ponzi schemes, 2026)	SEC	2026-09-01	Ponzi Schemes	—	unknown
SEC v. Mordechai Haim Ferder and others (ponzi schemes, 2026)	SEC	2026-09-01	Ponzi Schemes	—	unknown
SEC v. Leor Moshe, Jacob Goldman, Isaac Odes (ponzi schemes, 2026)	SEC	2026-08-13	Ponzi Schemes	—	filed
CFTC v. Goliath Ventures Inc. and CEO (ponzi schemes, 2026)	CFTC	2026-08-11	Ponzi Schemes	—	filed
SEC v. Goliath Ventures, Inc. and Christopher A. Delgado (ponzi schemes, 2026)	SEC	2026-08-11	Ponzi Schemes	—	settled

Record added September 9, 2026. submit a correction.