Calgary Investor Scandal Exposed | Calgary News

Calgary’s biggest financial scam just went public: 49-year-old Craig Michael Thompson allegedly bilked over 1,000 investors out of $164 million through his company Black Box Management Corp. Between March 2020 and April 2024, he funneled nearly all the cash into personal accounts and a U.S.-based shell company, using new investor money to pay off earlier ones. His fake updates? Copied from the internet. Authorities — including RCMP, Alberta Securities Commission, and the FBI — are working together on this massive fraud case. Thompson faces two counts of fraud and one of money laundering, with court set for Thursday. A stark warning: always do your due diligence before investing. 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/4fc19a7f974d86dd