A convicted fraudster who bilked property investors out of more than $2 million has been released on bail, following a marathon Edmonton court case that kept jurors in their seats for 11 months. Vimal Iyer was released Tuesday on $75,000 cash bail. He was convicted on August 10 of 33 counts of fraud after a trial that started last September.
Iyer’s scam involved promoting and selling interests in three land developments northeast of Edmonton through his company, Trident Properties. The case has been described as likely the longest jury trial in Alberta history.
Read the full article at CBC News.