As a former insurance agent faces possible jail time on charges of breaking B.C. securities law, he and the companies he founded are still on the hook for $34.8 million in unpaid penalties for previous violations.

Scott Thomas Low, 74, was charged earlier this month with one count of violating the Securities Act after allegedly withdrawing funds from a bank account in 2018 in defiance of a freeze order from the B.C. Securities Commission (BCSC). If convicted, Low could face fines of up to $5 million and a maximum prison term of five years.