A man in Red Deer, Alta., faces multiple charges in connection with an alleged $10-million Ponzi scheme that RCMP say they cracked with help from the U.S. Secret Service.
The 20-month probe involved allegations of fraud in the sale and rental of mobile light towers by Silvertip Energy Inc., RCMP said in a release Thursday.
It's alleged the company's owner sold or rented light towers with the same serial number to multiple investors, and had also sold or rented units that were never manufactured.