< British Columbia couple accused of million-dollar Ponzi investment scam in Alberta - Canadian Fraud News Inc. | Fraud related news | Fraud in Canada

British Columbia couple accused of million-dollar Ponzi investment scam in Alberta

March 25, 2021 – A husband and wife from Summerland, B.C., have been charged in a multimillion-dollar Ponzi scheme after an investigation by Alberta RCMP.  After a referral from the Alberta Securities Commission, police began investigating the actions of 65-year-old Brian Kitts and his 55-year-old wife, Shannon.  

Police say the Kitts were operating several companies including Vesta Capcorp Inc. and Vesta Equity Partners in Calgary. An RCMP news release says the alleged fraud resulted in the loss of millions of dollars for various investors between February 2014 and September 2016. Todayville.com reports. | READ MORE