Calgary Fraudster Faces $164M Ponzi Charges | Calgary News

Calgary’s biggest Ponzi scheme yet just got a major crackdown: Craig Michael Thompson faces serious fraud and money laundering charges after allegedly swindling over 1,000 people out of $164 million. This isn’t his first rodeo—he was already fined $8.8 million and banned from trading after Alberta Securities Commission called his prior scheme one of the state’s largest. He reportedly used fake online data to lure investors, then funneled $163 million into personal accounts—including a U.S. trading firm—while running shell companies like Intelsense and Invader Management. The classic Ponzi play: new money paying old investors. Court date set for Thursday. A stark reminder: do your homework before handing over hard-earned cash. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/8e96a01e01e8bd1b