A Little Bit Late

These charges should have been laid at least two or three years ago. One crucial error in the story. These guys were not Real Estate Developers, they were Real Estate Promoters.

I seriously doubt there was ever any intent to actually do anything except raise money and divert it to safe havens. The huge number of shell corporations in this scam allows no other reasonable conclusion.

I had a front row seat for this one. The only hiring this outfit did was salesmen and lots of those. Not really covered in the story is "River Run" a fraud within the fraud!

http://ift.tt/1Pp0pDy

Quote:

Two Calgary real estate developers have been charged with fraud and theft after 864 investors in Alberta lost in excess of $33 million in a proposed resort development project in Crowsnest Pass. The alleged offences are related to the use of investors' money by Bridgecreek Development Corporation between 2006 and 2007. The investigation by the Alberta RCMP began in 2012. William Lloyd Bradley, 68, and Colin Joseph Becker, 49, both of Calgary, have been charged with committing fraud and theft. Both men were officers and directors of Bridgecreek Development Corporation during the time of the offences

EDIT: If you are not logged in to ehMac you will notice a link to River Run. This is not my link and should be treated as Click Bait.

via ehMac.ca http://ift.tt/1XSiUJp