An Alberta man has been charged with fraud after police allege he solicited as much as $15 million from investors based on false claims.
The 56-year-old Diamond City man was arrested and charged with one count of global fraud on Monday.
Police say between 2008 and 2011 a company called Nature Zone Environmental Solutions, working in partnership with a southern Alberta man, solicited up to $15 million from investors across Canada.
The company went bankrupt in 2011.
Police allege the money was solicited “based on false claims that the man had secured patents in relation to water and soil remediation technology.”
Lethbridge police’s economic crimes section began an investigation based on a tip. The man was scheduled to appear in court on Tuesday.