Two people have been arrested for an alleged multimillion-dollar fraud in Calgary. "Mr. Breitkreutz was the sole director and shareholder of Base Finance, and Ms. Way was listed as the corporate agent." 'Extremely complex investigation'Breitkreutz and Way both face charges of fraud over $5,000 and theft over $5,000 for allegedly using the funds raised to pay off other investors. The news release says help was provided by the Forensic Accounting Management Group and the Financial Transactions and Reports Analysis Centre of Canada, with support from the Alberta Securities Commission. Released on conditionsMounties say hundreds of investors across Alberta were affected.

Source: CBC News May 25, 2018 19:41 UTC