A Port Williams, N.S., man has been charged in connection to a multi-million dollar fraud. 

RCMP said Gregory Paul Burden, 64, was charged on Friday after a 16-month investigation.

It started in June 2012 when police received an allegation of banking and investment fraud against the Royal Bank of Canada by two Nova Scotia companies:

  • Advanced Commission Company of Canada
  • Capstan Management Limited. 

The RCMP said Burden owned and operated both companies and that both defrauded the Royal Bank of Canada over six years by submitting fraudulent financial statements.

Burden is facing several charges including three counts of fraud exceeding $5,000 and 12 counts of uttering forged documents. 
 
He is set to appear at the Kentville Provincial Court on Dec. 16.

Corrections

  • An earlier version of this article incorrectly reported that Gregory Burden had been arrested. He was served a summons and charged.
    Nov 01, 2013 5:03 PM AT