A $7.8 million international Ponzi scheme, busted by the Edmonton Police Service (EPS), has connections to Alberta and B.C.
In early 2020, police became aware of the scheme being run by a man and a woman operating primarily out of Kelowna B.C., and Edmonton. Some of the victims were located as far away as Nevada, U.S. and Australia.
The two suspects were allegedly offering securities in the form of promissory notes to guarantee investors a set return on their investment, which was often presented as a real estate flip.
The
