Summary Points
On 22nd September 2023, PacNet Services Ltd. entered into a settlement agreement with the Director of Civil Forfeiture to resolve a claim against PacNet and its former employees, which the Director initiated in February 2018.
The Director of Civil Forfeiture pursued the corporate assets of PacNet and the personal assets of some former employees, including their homes, savings and RRSPs, despite the fact there are no criminal charges against PacNet anywhere in the world and the former employees of the company have vigorously denied all the allegations against them. Below is a list of summary points regarding the true operations and outstanding employees of PacNet Services.