TORONTO - The Ontario Securities Commission has charged a man with fraud in connection with the sale over $1 million worth of securities in A4 Diamonds Inc. to investors.

The provincial regulator says it has charged Stanislaw Pasyk with one count of fraud over $5,000 and one count of false prospectus.

The criminal charges relate to the sale of securities to Ontario investors between March 8, 2011 and July 31, 2017.

The OSC alleges a significant percentage of the money obtained from the sale was used by Pasyk for his personal benefit.

Pasyk is scheduled to appear in court on April 11.