Alberta accountant faces new charges in alleged multi-million dollar scheme

CANMORE, Alta. – A accountant in Canmore, Alta., is facing new charges related to a multimillion-dollar fraud investigation by RCMP in the mountain resort town.

James Russell Neilson, who is 49, was charged last May with three counts of fraud over $5,000, one count of theft over $5,000 and one count of laundering the proceeds of crime.

Get daily National news

Get daily Canada news delivered to your inbox so you'll never miss the day's top stories.

Sign up for daily National newsletter Get Started

By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy.

Police say the latest charges against Neilson are related to his involvement with Abaca Solutions.

They include fraud over $5000, uttering a forged document and laundering the proceeds of crime that allegedly occurred between January 2009 and October 2014.

Investigators suspect the accountant defrauded nearly 40 people of approximately $5.5 million.

Neilson, who lives in Canmore, was released following a bail hearing and will appear in Canmore provincial court on Feb. 17.