Pamela Vanberg is accused of more than 60 offences that include theft and fraud.
Service Alberta Minister Doug Griffiths says in a release that investigators looked into what appears to have been a Ponzi scheme that ran between 2009 and 2012.
Several people signed contracts to buy time-share-style use of a motorhome and paid fees ranging from $5,000 to $45,000.
They allege they did not receive access to the motorhome nor did they receive refunds as promised.
Vanberg is to appear in Calgary provincial court on Monday.
Vanberg's businesses include Calgary Motorhome Inc. and Canada Motorhome Inc. The companies have been issued a director's order under the Fair Trading Act to immediately stop collecting money from consumers unless their service can be supplied.
Griffiths says some of the first takers in the time-share were allegedly refunded with money obtained from later buyers. Seven individuals are believed to have lost a total of almost $120,000.
Investigators believe there are other people who bought into the motorhome time-share and they would like to hear from them.
Vanberg also operated companies that have not been charged. They include Calgary Motorhome Club, Canada Motorhome Club, AB Luxury RV Inc., AB RV and RV Owner Group.