Calgary RCMP charge two Calgary Real Estate Developers with fraud and theft

Police note over 800 investors across Alberta affect ted by this fraud totalling about $33 million

  • Fri Jun 10th, 2016 3:00pm
  • News

Editor’s note: As this fraud affected hundreds of people across Alberta, it’s being placed here as local readers may be affected, or know someone who is affected.

Submitted by RCMP K Division

In March 2012, the Calgary RCMP entered into an investigation involving allegations of investment fraud at the Bridgecreek Development Corporation.

The alleged offences pertain to the unlawful diversion of investor funds raised by Bridgecreek Development Corporation for a proposed real estate development at Crowsnest Lake in the Municipality of Crowsnest Pass, Alberta in 2006 and 2007.  The financial loss to investors exceeded $33 Million.

Due to the scope and complexities of the investigation, which has affected more than of 800 investors throughout Alberta, RCMP received assistance from the Forensic Accounting Management Group (FAMG), a division of Public Services and Procurement Canada.   Further support was provided by Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and the United States Federal Bureau of Investigation (FBI).

We have now concluded our investigation and charges have been sworn.

William Lloyd BRADLEY, (M) 68, and Colin Joseph BECKER (M) 49, both of Calgary, Alberta, have been jointly charged with committing fraud and theft contrary to sections 380(1)(a) and 334(a) of the Criminal Code of Canada. BECKER and BRADLEY were Officers and Directors of Bridgecreek Development Corporation at the time the offences occurred.

William BRADLEY and Colin BECKER have been released from custody and will be making their first court appearance in Calgary on August 11th, 2016.