LETHBRIDGE, Alta. — Police say a British Columbia man working as a mortgage associate in southern Alberta has been charged in a $1.2 million fraud.
Lethbridge police say they received a report in November 2014 of fraud involving several investors.
Members of the economic crimes unit allege that between September 2009 and March 2014, a man used his position to approach numerous acquaintances to solicit funds.
Police say the man alleged the funds would be used as "bridge financing'' for his real estate clients.
He allegedly promised a high rate of return and received funds from nine people totalling about $1.2 million.
Bryan Wilfred Clemens, who is 48, of Oliver, B.C., is charged with fraud over $5,000 and laundering the proceeds of crime.
Clemens is scheduled to appear Dec. 2 in Lethbridge provincial court.
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