Two Calgary men have been charged with defrauding investors of more than 33 million dollars concerning a proposed real estate development in the Crowsnest Pass back in 2006 and 2007.
RCMP have charged two Calgary men with theft and fraud concerning a proposed real estate development a few years ago in the Crowsnest Pass. Mounties allege the offences relate to unlawfully diverting investor money raised by Bridgecreek Development Corporation back in 2006 and 2007. The development in question was at Crowsnest Lake and police say the financial loss to investors is more than $33 million. Police say due to the scope of the investigation, which has affected in access of 800 investors throughout Alberta, RCMP received help from several agencies, include the FBI in the United States. 68 year old William Lloyd Bradley and 49 year old Colin Joseph Becker will appear in a Calgary courtroom August 11th. RCMP say the two men were Officers and Directors of Bridgecreek Development at the time the alleged fraud took place. - Pat Siedlecki