OSC v. Andre Lewis (ponzi schemes, 2015)

Judgment entered

✓ Checked against the primary document on October 2, 2026. The library's summary, tags and figures for this record were compared with the regulator's own document by an AI model (Claude) following written instructions, with sampled and disputed records read a second time. No lawyer has reviewed them. A checked record can still contain errors, and checked does not mean endorsed. See how we check records or report a correction.

Report an error in this record (osc-andre-lewis-ponzi-schemes-2015) by email

In April 2015 the Ontario Securities Commission began a reciprocal proceeding against Andre Lewis, convicted by a jury of defrauding 33 investors of $7,527,630 in a mortgage investment scheme in the nature of a Ponzi scheme, and on August 31, 2015 imposed permanent market bans.

The record

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

Lewis ran Lexxco and related mortgage-investment companies and was found guilty after a 2014 jury trial of defrauding the public of more than $5,000; the commission records the finding that he took $7,527,630 from 33 victims, offering 10% returns on promissory notes.

The commission's decision of August 31, 2015 bans him permanently from trading, acquiring securities, relying on exemptions, acting as an officer or director, and acting as a registrant, fund manager or promoter. The record showed the matter only as filed.

This library tags the matter as ponzi schemes because the tribunal or the court it relies on describes money from later investors being used to pay earlier ones. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.

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

1. 2015-04-01 Notice of Hearing
2. 2015-04-01 Statement of Allegations
3. 2015-04-28 Reasons and Decision
4. 2015-05-21 Reasons and Decision
5. 2015-08-31 Reasons and Decision
6. 2015-08-31 Reasons and Decision

Primary documents

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

• Tribunal proceeding
• Notice of Hearing
• Statement of Allegations
• Reasons and Decision
• Reasons and Decision
• Reasons and Decision
• Reasons and Decision

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

Related actions

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

Record added September 10, 2026. submit a correction.