The British Columbia Securities Commission has fined a group of four people a total of $26 million and ordered them to repay $16 million in connection with a Ponzi scheme.

The provincial regulator said that Hal McLeod has been ordered to pay $8 million, while David Vaughan, Dianne Rosiek and Kenneth McMordie were each ordered to pay $6 million.

The securities commission panel also ordered the group repay the $16 million the scheme took from investors.

In addition, the panel banned the four from trading securities or exchange contracts and from being a manager or consultant in connection to the securities market.

They are also prohibited from being a director or officer of any issuer, registrant or investment fund manager, being a registrant, investment fund manager or promoter, and from engaging in investor relations activities.

In August, the panel found McLeod created the Manna scheme and later expanded with the help of Vaughan, McMordie and Rosiek before it collapsed in 2007.

Manna's 800 investors lost up to $13 million.