A Calgary man has pleaded guilty to defrauding the oil and gas company he helped co-found.
In August 2015, Ian Wilson Fisher was charged with fraud over $5,000 and money laundering in what police called a “complex fraud.”
Investigators said he bilked his company, Arcan Resources Ltd., of nearly $5 million between September 2007 and November 2011.
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They added he wrote up dozens of fake invoices for supplies and services.
In court on Tuesday, Alberta Justice said Fisher, 54, was sentenced to five years in prison.