A young financial influencer from Drummondville has just been sentenced to having appropriated a sum of $ 12,000 that an investor had just lost her mother.
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In the spring of 2022, the woman won a job in a convenience store and got to know Joseph Dion Raymond, who is responsible for her training.
Dion Raymond informs him that he is investing in cryptocurrencies and in the currency markets (forex). He claims to generate “very good yields”, so that he can live from his investments “for a few years”, indicates a decision of the Administrative Court of Financial Markets (TMF) rendered last month.
This photo taken in an undefined place was published by Joseph Dion Raymond in May.
Photo taken from the Instagram account ___ J.DR ___/
The young woman is interested in the idea of entrusting Joseph Dion Raymond $ 14,125 from the heritage of her mother, who died shortly before. To reassure her, Dion Raymond tells her that a dozen customers already trust her for investments.
The more we invest, the less we lose?
In May 2022, he transmitted the investigor of images supposed to represent the growth of her investments.
“He tells him in particular that the extent of the sums invested will increase the expected yields and will reduce the possible losses,” said the judgment.
This statement contradicts basic financial rules, but the investor is neophyte in this matter.
In July, just after completing the payment of $ 14,125 to Joseph Dion Raymond, she is concerned about the risks and asked him to be reimbursed.
She managed to recover $ 2100, but as soon as she files a complaint with the Financial Markets Authority (AMF), in December 2022, Dion Raymond ceased her payments.
“Overall, the proof reveals that [Dion Raymond] Do not invest the sums given and rather use these for his own benefit, ”concludes administrative judge Jean-Nicolas Boutin-Wilkins.
The magistrate imposed a fine of $ 30,000 for him and the obligation to return $ 12,025 to his victim.
Photo published in June by Joseph Dion Raymond.
Photo taken from the Instagram account ___ J.DR ___
Dream life
On his Instagram account, Joseph Dion Raymond presents himself as a “life student” and a “day trader(Speculation specialist on session). There is a link to the BlackBull currency brokerage platform.
Since 2023, he has published photos and videos of his life abroad: beaches, prestigious hotels, chic restaurants, luxury shops. Its most recent content, which dates from Sunday, has been captured in Greece.
Photo taken in a luxury shop and published in November 2024 by Joseph Dion Raymond.
Photo taken from the Instagram account ___ J.DR ___
A publication last fall, which features luxury brands Hermès and Yves Saint Laurent, bears this mention: “I focus on myself”.
Joseph Dion Raymond published in November 2024 this photo taken in front of a luxury store and accompanied by this mention: “I focus on myself”.
Photo taken from the Instagram account ___ J.DR ___
“The court is concerned about the increasingly frequent use of social networks in which” finfluanceurs “display lifestyles that may suggest easily accessible financial success,” writes Mr. Boutin-Wilkins.
The AMF was unable to signify the decision rendered at the last home known to the culprit, in Drummondville. The judicial document was therefore transmitted to him by email and through Instagram.