Edmonton man charged in $5.5 million Ponzi scheme

July 24, 2018 (Courtesy of CBC.ca) –¬†Edmonton police say they have uncovered a¬†multi-million dollar Ponzi scheme involving hundreds of fraudulent mortgage loans. Police allege Timothy Carruthers facilitated 257 fraudulent bridge mortgage loans worth a total of $5.5 million between January 2009 and June 2017. Timothy Carruthers used the company name Wakina Consulting Inc. to carry … Continue reading Edmonton man charged in $5.5 million Ponzi scheme