Disgraced investor Ian Thow granted parole

Former financial advisor who defrauded clients of millions released after serving only one-third of sentence

Convicted fraudster Ian Thow has been granted parole, but must abide by several conditions upon release from jail.

In 2010, the former financial advisor was convicted of defrauding 21 clients, including eight in Greater Victoria.

His victims lost a total of $8 million. He was sentenced to nine years in prison, minus two years as credit for time already served.

Last week, the National Parole Board granted Thow full parole.

“The Board is satisfied that there are no reasonable grounds to believe that, if released, you are likely to commit an offence involving violence before the expiration of your sentence,” read the decision.

In 2006, Thow was also charged with domestic assault, but the charges were dismissed after he completed counselling.

Thow must now provide financial information to his parole supervisor; he must inform his supervisor before residing with another person in an intimate relationship; he must be employed, upgrading his credentials or searching for employment; and he must get psychological counselling.

In January, 2012, the board denied Thow’s application for parole after finding he lacked insight and remorse and displayed a sense of entitlement.

rholmen@vicnews.com

 

Just Posted

Government Street to be transformed into ‘people-priority’ zone

Victoria city council voted to limit traffic in the area by 2022

Concrete beams for McKenzie interchange set for installation this weekend

No lane closures expected during weekend work, says ministry

Westin Bear Mountain hotel sold to local businessman and entrepreneur

Ecoasis will maintain responsibility of golf and tennis operations and developable lands

Motorcylist ticketed for excessive speed, bike impounded by Saanich Police

The 22-year-old was issued two tickets – one for a bent licence plate

Rich the Vegan scoots across Canada for the animals

Rich Adams is riding his push scooter across Canada to bring awareness to the dog meat trade in Asia

POLL: Do you carry reusable shopping bags?

While a court ruling determined the City of Victoria’s plastic bag ban… Continue reading

Greater Victoria wanted list for the week of July 16

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

Couple found dead along northern B.C. highway in double homicide

Woman from the U.S. and man from Australia found dead near Liard Hot Springs

Injured fawn at B.C. vet will be euthanized Friday night unless claimed by sanctuary

Gilbert the deer is currently being treated at West Kelowna’s Rose Valley Veterinary Hospital

BC Wildfire Service warns wet weather no reason to be complacent

Fire risk currently low for much of B.C. compared to same time over last two years.

Bank of Canada lowers qualifying rate used in mortgage stress tests

Home sales softened last year after the federal government introduced new stress test rules for uninsured mortgages

Port Hardy RCMP cleared in arrest that left man with broken ribs, punctured lung: IIO

The IIO noted the matter will not be referred to crown counsel for consideration of charges.

B.C. man pleads guilty in snake venom death of toddler

Plea comes more than five years after the incident in North Vancouver

Most Read