\u201cHis claim that he remains abroad merely to \u2018work toward recovering investor funds\u2019 rings hollow.\u201d<\/p>\n
Published Nov 07, 2025 \u00a0\u2022\u00a0 Last updated 1\u00a0hour ago \u00a0\u2022\u00a0 3 minute read<\/p>\n
![\"Ryan](\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2025\/11\/1023-cd-rumblefb1.cd_.jpg\")
Ryan Rumble, right, of Chatham, is seen with an unidentified person in this photo, dated Oct. 7, posted to the Trump International Golf Club Dubai Facebook page. Rumble, one of three former directors of Chatham-Kent’s Banknote Capital charged with fraud over $5,000 by the Ontario Securities Commission in April, is wanted on a Canada-wide warrant. (Facebook) jpg, CD, apsmcArticle content<\/p>\n
Seeing accused fraudster Ryan Rumble, a former director of Chatham-Kent-based Banknote Capital, enjoying an outing at a Donald Trump-owned golf course in Dubai is not sitting well with Emily Hime and Brock Tedford, who allege they lost money invested with him.<\/p>\n
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Rumble can be seen in photos on the Trump International Golf Club Dubai Facebook page, dated Oct. 7, taking part in the \u201c6th annual Staff vs Members\u201d event. Rumble is listed as a member among event winners.<\/p>\n
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\u201cIt\u2019s deeply disheartening to see that he (Rumble) continues to live a lavish lifestyle, frequenting golf courses and enjoying luxuries,\u201d Hime said in a statement.<\/p>\n
\u201cHis claim that he remains abroad merely to \u2018work toward recovering investor funds\u2019 rings hollow,\u201d she added.<\/p>\n
\u201cIt\u2019s disheartening that someone can (allegedly) do this still (and) just live such a lavish life,\u201d and have his photo posted on a luxury golf club\u2019s social media page, added Tedford.<\/p>\n
Rumble and two fellow former Banknote directors, Michael Dziedzic and Justin Foss, all of Chatham, were charged by the Ontario Securities Commission in April with fraud over $5,000 for their roles in the company. The matter remains before the court.<\/p>\n
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The commission alleges that between November 2020 and August 2023, the accused \u201craised more than $11 million from investors by promising high rates of return and guaranteed principal,\u201d and that \u201cfunds collected from new investors were used to repay existing investors and funds were diverted for the personal benefit of Mr. Rumble.\u201d<\/p>\n
Dziedzic and Foss surrendered to authorities before the OSC announced the charges in April.\u00a0But Rumble, who\u2019s also charged with uttering a forged document and is the subject of a Canada-wide arrest warrant, has been living in Dubai for about two years.<\/p>\n
During a Dec. 14, 2024 court proceeding, reported by the Daily News, Rumble took part in a video call from Dubai. He told the judge: \u201cI want to make this right with the clients and get these clients paid back their initial investment.\u201d<\/p>\n
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Rumble added that Dubai is the only place he is able to get work to get it done.<\/p>\n
The three men also are named as defendants in a $5-million civil lawsuit, brought by Emily Hime, that resulted in a judge freezing Banknote\u2019s assets in May 2023. The case remains before the courts and court records show Dziedzic has filed a statement of defence, but Rumble and Foss have not.<\/p>\n
Statements of claim and defence contain details that have not been tested in court.<\/p>\n
Hime alleged in her motion to the court that some of Banknote\u2019s investors losses were linked to a high-profile litigation case and bankruptcy involving self-styled \u201ccrypto king\u201d Aiden Pleterski.<\/p>\n
It was\u00a0alleged Pleterski received $41.5 million from investors, only investing 1.6 per cent of the funds, spending nearly $16 million on exotic vehicles, private jet rentals and other luxuries. The trustee report said about $431,000 had been recovered from his bank accounts.<\/p>\n
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In a sworn affidavit from July 2022, related to a motion for an injunction against Pleterski and his company, AP Private Equity, Rumble said Banknote had invested about $3.9 million with Pleterski between September 2021 and March 2022.<\/p>\n
Rumble\u2019s affidavit included a series of one-page, standard-form contracts stipulating Banknote and Pleterski would split investment gains 70-30 and guaranteeing the principal would be repaid in instalments of 25 per cent every two weeks if the investment was lost.<\/p>\n
Pleterski is not a defendant in Hime\u2019s civil suit.<\/p>\n
Contacted about Rumble\u2019s golf photo, the Ontario Securities Commission said by email that it wouldn\u2019t be appropriate to comment because the matter is before the courts.<\/p>\n
\u201cI have no insider knowledge of the ongoing criminal investigation, but I believe in accountability \u2013 and in karma,\u201d Hime said. \u201cIn time, I trust justice will prevail.\u201d<\/p>\n