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Alberta man ordered to pay $3 4M for misappropriating funds from strip mall sale

A Calgary man and five companies he controlled are facing sanctions for what the Alberta Securities Commission describes as "very serious misconduct."

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ASC sanctions strip-mall developers

Over $3.4 million of investors' money was diverted to undisclosed uses, regulators found

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Calgary man misappropriated $3 4M from sale of Edmonton strip mall, regulator finds

The Alberta Securities Commission has found a Calgary man misappropriated more than $3.4 million in funds that were invested in an Edmonton strip mall development.

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