Central Alberta man charged in ‘elaborate’ $2.6M fracking fraud

‘This fraud was very elaborate, and consequently, our investigation has been very elaborate’

A central Alberta man is facing fraud charges after a five-year investigation and more than $2 million in losses to investors.

RCMP say Dane Skinner, 53, misrepresented and advertised a revolutionary fracking product, enticing numerous investors who reportedly lost more than $2.6 million.

“This fraud was very elaborate, and consequently, our investigation has been very elaborate and has involved substantial resources and time” Const. Bill Lewadniuk with the RCMP financial crimes unit said in a news release Friday.

The offences occurred between Dec. 5, 2007, and Feb. 28, 2013 in Lacombe, involving two numbered companies as well as N.E.X.T. Legacy Technologies Ltd., police say.

RCMP launched an investigation in September 2013 involving several officers from various units.

On Wedesday, police arrested and charged Skinner with fraud, laundering the proceeds of crime and uttering threats.

He was released from custody and is scheduled to appear in Red Deer provincial court on Aug. 8.

With the gain in popularity of digital currencies comes the inevitable rise in digital currency fraud.

With the gain in popularity of digital currencies comes the inevitable rise in digital currency fraud. Do your due diligence and ensure that you have all the information you need before jumping into a bitcoin investment. Also be critical of anything involving digital currency that doesn’t seem right. If it sounds too good to be true, it probably is. https://www.theverge.com/2018/1/18/16905040/bitcoin-crash-cryptocurrency-value-ethereum-regulation

 

 

Ethereum Scam Database helps investors avoid cryptocurrency scammers

The Ethereum Scam Database is a useful tool that helps guide cryptocurrency investors away from scammers.  Since launching last year, they have identified a total of 2,627 scams including 246 active scams.  For more information on the scams identified visit https://etherscamdb.info/.

Professional Tenants with Criminal History Exposed

‘Professional Tenant’ with Criminal History Exposed – The Investigators with Diane Swain. This great show provides a great overview of the risks facing landlords and tips on how to protect yourself.

http://www.cbc.ca/news/professional-tenant-with-criminal-history-exposed-the-investigators-with-diana-swain-1.4408571

Exposing Fake Degrees

Marketplace just aired a great program on the fake degree industry and the extent to which FAKE DEGREES have become so widespread.  Don’t just believe the words on a resume, LinkedIn profile or a nicely framed certificate hanging on the wall.  Always check and know who you are dealing with!

http://www.cbc.ca/marketplace/episodes/2015-2016/fake-degrees-exposing-canadians-with-phoney-credentials