RCMP charge Red Deer man with fraud after victims lose over $10 million
RED DEER, AB -A Red Deer man is due in court next month, accused of using ponzi schemes to steal millions of dollars from investors.
The 45-year-old man is charged with money laundering and fraud after Mounties conducted a search warrant at a home on C&E Trail north of Red Deer on December 19 following a 20-month fraud investigation.
RCMP seized documents relating to the investments and electronics.
Joshua James Tenhove faces charges of laundering the proceeds of crime, fraud over $5,000, and possession of property obtained by crime over $5,000.