BCSC alleges a Surrey man misused $200K from investors, spending most of it on gambling and personal expenses.
Allegations Rock Surrey Community
The British Columbia Securities Commission (BCSC) has raised serious fraud allegations against a Surrey resident, David Lawrence Pazurik. According to regulators, money meant for business investments was instead funneled into gambling and personal spending.
How the Money Was Raised
Between 2021 and 2022, Pazurik reportedly collected $200,460 from 14 investors through his sole proprietorship, Pazman Promotions. Investors were promised a straightforward deal: their money would support sales contracts for branded merchandise, and in return, they would get back their full investment plus extra profits within a short time.
Where the Money Went
Instead of fulfilling business obligations, the BCSC claims Pazurik spent about 73 percent of the funds—roughly $146,000—on gambling websites, personal costs, and payments to friends. On top of that, several investors never received the full returns they were promised.
Fraud Allegations Under Review
Due to these actions, Pazurik is now accused of violating the B.C. Securities Act. The BCSC emphasized that these are still allegations and have yet to be proven in a hearing. Pazurik, or his legal counsel, must appear before the commission on November 18 if he wishes to contest the claims.
About the BCSC
The British Columbia Securities Commission is an independent provincial agency tasked with keeping capital markets fair and transparent. Its role is to protect investors and maintain public trust in the financial system.
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