Media
Media Release – October 31, 2022 – Guelph Police – guelphpolice.ca
Attempt robbery of store
The Guelph Police Service is investigating after an attempted robbery of a business Friday night.
Approximately 10:15 p.m., a male entered a business in the area of Willow Road and Dawson Road. He passed an employee a note demanding cash and including a threat. The male left the business empty-handed after customers entered the business.
He was described as a black male in his 20s, 5’8” with a slim build and a short black beard. He was wearing a red jacket with black and white trim, a grey hooded sweater, blue jeans, black or dark grey sneakers with orange on the soles and a black baseball cap. The male was last seen on foot heading towards the intersection of Willow and Dawson roads.
Anyone with information is asked to call Constable Rob Smith at 519-824-1212, ext. 7388, email him at rsmith@guelphpolice.ca, leave an anonymous message for Crime Stoppers at 1-800-222-8477 (TIPS) or leave an anonymous tip online at www.csgw.tips.
Males assaulted at Halloween party
Two males sustained head injuries after a disturbance Sunday morning at a Halloween party.
Just before 1 a.m. emergency services were called to an address in the area of Edinburgh Road South and Ironwood Road. Investigation revealed a verbal dispute between two groups of people turned physical and two males were struck in the head with a weapon believed to be a collapsible baton.
Both victims were transported to Guelph General Hospital for treatment. The suspect was described as a white male, approximately 19, 5’11” to 6 feet with a slim build, brown hair and facial scruff. He was wearing a yellow construction vest and red and white baseball cap. He was accompanied by two males in vintage-style pinstriped suits.
Anyone with information about the incident is asked to call Constable Todd Van Iersel at 519-824-1212, ext. 7557, email him at tvaniersel@guelphpolice.ca, leave an anonymous message for Crime Stoppers at 1-800-222-8477 (TIPS) or leave an anonymous tip online at www.csgw.tips.
False claim leads to criminal charges
A Guelph male faces criminal charges after claiming his vehicle had been stolen before being involved in a collision.
Just after 8 p.m. Friday police were called to a collision in the area of Willow Road and Elmira Road. The two drivers spoke to each other following the collision but one left prior to police arrival.
Officers attended an address in the area where a male denied being involved in a collision and claimed his vehicle had been stolen earlier in the evening. Investigation revealed the male had been driving and his damaged vehicle was located in a parking lot close to his home.
A 48-year-old Guelph male is charged with public mischief, obstructing police and failing to remain at a collision. He will appear in a Guelph court December 13, 2022.
Business entered
The Guelph Police Service is investigating after a north-end business was entered early Sunday.
Just before 4 a.m., police received a call from an alarm company about a break and enter at a business in the area of Woodlawn Road West and Regal Road. The business owner had remotely accessed his security camera and confirmed there were males inside the business.
Investigation revealed four males arrived at the business in two vehicles and pried open a rear door. They placed spools of wire, tools and scrap metal in the back of a pickup and left the business before police arrived. The vehicles were described as a blue Dodge Ram with a grey tailgate and black tonneau cover and a grey Honda CR-V.
Anyone with information about the incident is asked to call Constable Nicholas Doner at 519-824-1212, ext. 7230, email him at ndoner@guelphpolice.ca, leave an anonymous message for Crime Stoppers at 1-800-222-8477 (TIPS) or leave an anonymous tip online at www.csgw.tips.
Two males arrested for impaired
Two Guelph males were arrested for impaired driving in separate incidents Saturday night, including one who crashed his friend’s car while trying to move it.
Approximately 10:25 p.m. police were notified of a collision in the area of Janefield Avenue and Torch Lane. Investigation revealed a male was moving a friend’s vehicle when he reversed into a parked car. The male was showing signs of impairment and was arrested after failing a roadside breath test. Further testing at the police station confirmed he had more than the legal amount of alcohol in his system.
A 19-year-old Guelph male is charged with impaired driving. His driver’s licence was suspended for 90 days and the friend’s vehicle was impounded for seven days. He will appear in court December 16, 2022.
Minutes after that incident was reported, police were called to a disturbance outside a business in the area of Woodlawn Road East and Victoria Road North. A witness had followed a suspected impaired driver into Guelph and confronted the driver when he came to a stop.
Officers arrived and located a male showing obvious signs of impairment. The male failed a roadside breath test and was transported to the police station, where further testing confirmed he had more than the legal amount of alcohol in his system. He was also determined to be a prohibited driver.
A 35-year-old Guelph male is charged with impaired driving, prohibited driving and breach of probation. His driver’s licence was suspended for 90 days and his vehicle was impounded for 45 days. He will appear in a Guelph court December 16, 2022.
Fake ID leads to fraud charges
A Toronto male faces several charges after someone tried to obtain a debit card at a Guelph bank using fake identification.
The Guelph Police Service was called Friday afternoon to a south-end bank where staff were suspicious of a male in the branch. The male was attempting to obtain a debit card and withdraw cash. Officers arrived and quickly determined a driver’s licence being offered by the male to be fraudulent.
The male provided another male’s name, but ultimately admitted his true identity.
A 56-year-old Toronto male is charged with attempt fraud, uttering a forged document, possessing identity documents, identity theft, obstruct police and possessing property obtained by crime. He will appear in a Guelph court December 13, 2022.
Total calls for service in the last 72 hours – 792
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The British Columbia government is putting its proposed online harms legislation on hold after reaching an agreement with some of the largest social media platforms to increase safety online.
Premier David Eby says in a joint statement with representatives of the firms Meta, TikTok, X and Snapchat that they will form an online safety action table, where they’ll discuss “tangible steps” toward protecting people from online harms.
Eby added the proposed legislation remains, and the province will reactivate it into law if necessary.
“The agreement that we’ve struck with these companies is that we’re going to move quickly and effectively, and that we need meaningful results before the end of the term of this government, so that if it’s necessary for us to bring the bill back then we will,” Eby said Tuesday.
The province says the social media companies have agreed to work collaboratively with the province on preventing harm, while Meta will also commit to working with B.C.’s emergency management officials to help amplify official information during natural disasters and other events.
The announcement to put the Bill 12, also known as the Public Health Accountability and Cost Recovery Act, on hold is a sharp turn for the government, after Eby announced in March that social media companies were among the “wrongdoers” that would pay for health-related costs linked to their platforms.
At the time, Eby compared social media harms to those caused by tobacco and opioids, saying the legislation was similar to previous laws that allowed the province to sue companies selling those products.
Eby said one of the key drivers for legislation targeting online harm was the death of Carson Cleland, the 12-year-old Prince George, B.C., boy who died by suicide last October after falling victim to online sextortion.
“In the real world we would never allow a company to set up a space for kids where grown adults could be invited in to contact them, encourage them to share photographs and then threaten to distribute those photographs to their family and friends,” Eby said when announcing the legislation.
The premier said previously that companies would be shut down and their owners would face jail terms if their products were connected to harms to young people.
In announcing the pause, the province says that bringing social media companies to the table for discussion achieves the same purpose of protecting youth from online harm.
“Our commitment to every parent is that we will do everything we can to keep their families safe online and in our communities,” said Eby.
Ryan Cleland, Carson’s father, said in a statement on Tuesday that he “has faith” in Eby and the decision to suspend the legislation.
“I don’t think he is looking at it from a political standpoint as much as he is looking at it as a dad,” he said of Eby. “I think getting the social media giants together to come up with a solution is a step in the right direction.”
Business groups were opposed
On Monday, the opposition B.C. United called for a pause to Bill 12, citing potential “serious legal and economic consequences for local businesses.”
Opposition Leader Kevin Falcon said in a statement that his party pushed Eby’s government to change course, noting the legislation’s vague language on who the province can sue “would have had severe unintended consequences” for local businesses and the economy.
“The government’s latest retreat is not only a win for the business community but for every British Columbian who values fairness and clarity in the law,” Falcon said.
The Greater Vancouver Board of Trade said they are pleased to see the legislation put on hold, given the “potential ramifications” of the proposal’s “expansive interpretation.”
“We hope that the government chooses not to pursue Bill 12 in the future,” said board president and CEO Bridgitte Anderson in a statement. “Instead, we would welcome the opportunity to work with the government to develop measures that are well-targeted and effective, ensuring they protect British Columbians without causing unintended consequences.”
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Donald Trump is set to secure on Tuesday a stock bonus worth US$1.3-billion from the company that operates his social media app Truth Social (DJT-Q), equivalent to about half the majority stake he already owns in it, thanks to the wild rally in its shares.
The award will take the former U.S. president’s overall stake in the company, Trump Media & Technology Group (TMTG), to US$4.1-billion.
While Mr. Trump has agreed not to sell any of his TMTG shares before September, the windfall represents a significant boost to his wealth, which Forbes pegs at US$4.7-billion.
Unlike much of his real estate empire, shares are easy to divest in the stock market and could come in handy as Mr. Trump’s legal fees and fines pile up, including a US$454.2-million judgment in his New York civil fraud case he is appealing.
The bonus also reflects the exuberant trading in TMTG’s shares, which have been on a roller coaster ride since the company listed on Nasdaq last month through a merger with a special purpose acquisition company (SPAC) and was snapped up by Trump supporters and speculators.
Mr. Trump will be entitled to the stock bonus under the terms of the SPAC deal once TMTG’s shares stay above US$17.50 for 20 trading days after the company’s March 26 listing. They ended trading on Monday at US$35.50, and they would have to lose more than half their value on Tuesday for Mr. Trump to miss out.
TMTG’s current valuation of approximately US$5-billion is equivalent to about 1,220 times the loss-making company’s revenue in 2023 of US$4.1-million.
No other U.S. company of similar market capitalization has such a high valuation multiple, LSEG data shows. This is despite TMTG warning investors in regulatory filings that its operational losses raise “substantial doubt” about its ability to remain in business.
A TMTG spokesperson declined to comment on the stock award to Mr. Trump. “With more than $200 million in the bank and zero debt, Trump Media is fulfilling all its obligations related to the merger and rapidly moving forward with its business plan,” the spokesperson said.
While Mr. Trump’s windfall is rich for a small, loss-making company like TMTG, the earnout structure that allows it is common. According to a report from law firm Freshfields Bruckhaus Deringer, stock earnouts for management were seen in more than half the SPAC mergers completed in 2022.
However, few executives clinch these earnout bonuses because many SPAC deals end up performing poorly in the stock market, said Freshfields securities lawyer Michael Levitt. TMTG’s case is rare because its shares are trading decoupled from its business prospects.
“Many earnouts in SPACs are never satisfied because many SPAC prices fall significantly after the merger is completed,” Mr. Levitt said.
To be sure, TMTG made it easier for Mr. Trump to meet the earnout threshold. When TMTG agreed to merge with the SPAC in October, 2021, the deal envisioned that TMTG shares had to trade above US$30 for Mr. Trump to get the full earnout bonus. The two sides amended the deal in August, 2023 to lower that threshold to US$17.50, regulatory filings show.
Had that not happened, Mr. Trump would not have yet earned the full bonus because TMTG’s shares traded below US$30 last week. The terms of the deal, however, give Mr. Trump three years from the listing to win the full earnout, so he could have still earned it if the shares traded above the threshold for 20 days in any 30-day period during this time.
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The B.C. government is putting its proposed online harms legislation on hold after reaching an agreement with some of the largest social media platforms to make people safer online.
Premier David Eby says in a joint statement with representatives of the firms Meta, TikTok, X and Snap that they will form an online safety action table, where they’ll discuss “tangible steps” towards protecting people from online harms.
Eby says the social media companies have “agreed to work collaboratively” with the province on preventing harm, while Meta will also commit to working with B.C’s emergency management officials to help amplify official information during natural disasters and other events.
“We have had assurance from Facebook on a couple of things. First, that they will work with us to deliver emergency information to British Columbia in this wildfire season that (people) can rely on, they can find easily, and that will link into official government channels to distribute information quickly and effectively,” Eby said at a Tuesday press conference.
“This is a major step and I’m very appreciative that we are in this place now.”
3:56
B.C. takes steps to protect people from online harms
The announcement to put the bill on hold is a sharp turn for the government, after Eby announced in March that social media companies were among the “wrongdoers” that would pay for health-related costs linked to their platforms.
At the time, Eby compared social media harms to those caused by tobacco and opioids, saying the legislation was similar to previous laws that allowed the province to sue companies selling those products.
5:46
Carol Todd on taking action against online harms
Last August, Eby criticized Meta over its continued blackout of Canadian news outlets as wildfires forced thousands from their homes. Eby said it was “unacceptable” for the tech giant to cut off access to news on its platforms at a time when people needed timely, potentially life-saving information.
“I think it’s fair to say that I was very skeptical, following the initial contact (with Meta),” Eby said Tuesday.
Eby said one of the key drivers for legislation targetting online harm was the death of Carson Cleland, the 12-year-old Prince George, B.C., boy who died by suicide last October after falling victim to online sextortion.
The premier says in announcing the pause that bringing social media companies to the table for discussion achieves the same purpose of protecting youth from online harm.
“Our commitment to every parent is that we will do everything we can to keep their families safe online and in our communities,” the premier said in his statement.
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