LETHBRIDGE – An Okanagan man has been charged in an alleged $1.2 million fraud in Alberta.
Lethbridge police began investigating after being contacted a year ago regarding investor fraud.
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It’s alleged a man used his position as a mortgage associate to solicit funds from acquaintances, saying the money would be used as bridge financing for his real estate clients.
Police say nine people were promised a high rate of return for their investment.
Oliver resident Bryan Wilfred Clemens, 48, is charged with fraud over $5,000 and laundering the proceeds of crime.
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