Financial advisor, former Tiger-Cat charged with fraud

A former Hamilton Tiger-Cats linebacker and financial planner has been charged with misappropriating $1.8 million from one of his clients.
Mark Allen Dennis, who police named as the president of the Dennam Group of Companies, is charged with Obtain Credit by False Pretence and four counts of Theft by Conversion. He is an Ancaster resident.
“It is alleged that between 2004 and 2006 Mark Dennis misappropriated $1.8 million from one of his clients while in his capacity as a financial advisor,” Detective Craig Parmenter stated in a news release.
A corporate profile report for the Dennam Group Ltd. lists only Dennis’ wife, Francisca, as a director. The Financial Planning Standards Council lists Mark Dennis as a certified financial planner for Dennam Consulting.
The Dennam Group has an office in Ancaster at 114 Wilson St. W. A man who answered the phone at the Dennam office on Thursday said the firm remains open. Dennis plans to issue a statement next week, the man said, and clients will be the first people notified.
Police are looking for other victims. Anyone with information is asked to call Det. Parmenter in the Major Fraud Branch at 905-546-4521.