Ian Wilson Fisher nets jail time for fraud

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Ian Wilson Fisher, a Calgary man, will spend the next five years in prison for committing fraud against an oil and gas company he co-founded.

The 54-year-old admitted to defrauding the oil and gas company, Arcan Resources, which he co-founded with his brother and another man.

According to an agreed statement of facts, Fisher created shell companies in 2008 and then made dozens of false invoices billing close to $5 million

“It was done through three corporations that were essentially fraudulent companies. It was fraudulent invoicing so billing for things that never happened,” said Crown prosecutor, Steven Johnston.

Read more at CTV News

This article is summarized by Canadian Fraud News Inc.