An Edmonton-area man is facing dozens of criminal charges in connection to a company which offered second mortgages to investors.
Wade Closson, of St. Albert, operated Optam Holdings Inc. from 2008 to 2013.
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Police began investigating the company in 2013 after receiving reports from investors that there may be discrepancies in the past operation and eventual bankruptcy of Optam Holdings Inc.
On April 1, the 45-year-old was charged with 80 counts of fraud over $5,000 and three counts of theft over $5,000.
Closson is scheduled to appear in court in Edmonton on Friday.
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