Following a four-year investigation, RCMP have charged two Calgary men with fraud and theft. Back in March 2012, the Calgary RCMP entered into an investigation involving allegations of investment fraud at the Bridgecreek Development Corporation. The alleged offences are centered around the unlawful diversion of investor funds raised by Bridgecreek Development Corporation for a proposed real estate development at Crowsnest Lake in the Municipality of Crowsnest Pass, Alberta in 2006 and 2007. According to RCMP, the financial loss to investors exceeded $33 million.
Read the full article at Metro News.