Vancouver, B.C. – The B.C. Securities Commission (BCSC) says a Surrey resident raised more than $200,000 from investors and spent most of it on gambling and personal expenses.
According to the BCSC, David Lawrence Pazurik collected $200,460 from 14 investors between 2021 and 2022 through his sole proprietorship, Pazman Promotions. Pazurik allegedly promised investors profit-sharing agreements, claiming their money would fund merchandise sales contracts and provide quick returns.
Instead, investigators allege Pazurik diverted about 73 per cent of the funds – nearly $146,000 – to unrelated expenses, including gambling websites, personal spending, and payments to friends and associates. He also allegedly failed to fully repay investors as promised.
The BCSC alleges these actions amount to fraud under B.C.’s Securities Act. The allegations have not been proven.
Pazurik or his legal counsel has been ordered to appear at the BCSC’s offices on November 18, 2025, if he wishes to respond before a formal hearing is scheduled.