Friday, June 10, 2016

Crowsnest Pass Bridgecreek Development officers charged with fraud and theft

RCMP Calgary - 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 in access 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, 68, and Colin Joseph Becker,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 11, 2016.

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