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Husband and wife charged in multi-million dollar Ponzi scheme

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March 23, 2021

Alberta RCMP Federal Policing charge husband and wife in multi-million dollar Ponzi scheme

Calgary – Following a referral from the Alberta Securities Commission (ASC), the Alberta RCMP Integrated Market Enforcement Team (IMET) investigated fraud allegations against a husband and wife operating several companies identified as Vesta Capcorp Inc. and Vesta Equity Partners in Calgary. What was discovered to be a Ponzi scheme resulted in the loss of millions of dollars for various investors between Feb. 2014 and Sept. 2016.

Following an extensive investigation, Brian Kitts, 65, and Shannon Kitts, 55, of Summerland, British Columbia have each been charged with the following:

  • Fraud over $5,000 contrary to Section 380(1)(a) of the Criminal Code;
  • Theft over $5,000 contrary to Section 334 of the Criminal Code; and
  • Laundering the Proceeds of Crime contrary to Section 462.31 of the Criminal Code.

Brian and Shannon Kitts are scheduled to appear in Calgary Provincial Court on Apr. 12, 2021.

The Alberta RCMP was able to successfully carry out this investigation in collaboration with the Forensic Accounting Management Group, Financial Transactions and Reports Analysis Center of Canada, Public Prosecution Service of Canada and Specialized Prosecutions of the Province of Alberta, the ASC, and the Federal Bureau of Investigation.

“Unfortunately, the victims sustained substantial losses as a result of their investment within the Ponzi scheme they believed to be legitimate. The RCMP IMET urges investors to remain vigilant with their investment by performing due diligence.”

– Inspector Charlene O’Neill, Officer in Charge of the Alberta RCMP Integrated Market Enforcement Team.

The IMET is a specialized unit under the RCMP Federal Policing program that detects, investigates, and deters market fraud. The IMET unit works closely with the ASC to protect investors and further enhance confidence in the Canada’s capital markets.

With March being Fraud Prevention Month, Albertans are reminded to remain aware of potential scams, conduct their due diligence with investments, and report suspected criminal acts to law enforcement. If you have information with respects to a market-related fraud, you are asked to contact IMET at [email protected].

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Alberta

Battle of Alberta starts with a bang as Flames down Oilers 9-6 to open playoff series

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By Donna Spencer in Calgary

Matthew Tkachuk scored a hat trick for the Calgary Flames in Wednesday’s 9-6 win over the Edmonton Oilers to open their playoff series.

The NHL’s first playoff Battle of Alberta in 31 years compensated for its long absence with an abundance of goals in Game 1.

Blake Coleman scored twice for the Flames. Rasmus Andersson and Andrew Mangiapane each had a goal and two assists.

Elias Lindholm and Brett Ritchie also scored for Calgary while goaltender Jacob Markstrom stopped 22 shots for the win.

Zach Hyman scored twice for Edmonton. Connor McDavid produced his fourth straight multi-point game in the playoffs with a goal and three assists.

Edmonton’s captain leads the league’s post-season points race with five goals and 13 assists.

Leon Draisaitl had a goal and two assists and Kailer Yamamoto and Evan Bouchard also scored for the Oilers.

Edmonton starter Mike Smith was pulled in the first period after allowing three Calgary goals on 10 shots. Mikko Koskinen made 32 saves in relief.

The winner of the best-of-seven series advances to the Western Conference final.

Game 2 is Friday at the Saddledome before the series heads to Edmonton for Sunday’s Game 3 and Tuesday’s Game 4.

Teams that take a 1-0 lead in a best-of-seven series hold a series record of 503-232 (.684), according to NHL statisticians.

In a matchup of potent offences, the question ahead of the series was which team could keep the puck on its sticks and spend more time in the offensive zone.

Calgary dominated that department early. The Flames scored twice in a 25-second span in the first minute and led 3-0 by 6:05 when Smith was replaced by Koskinen.

Calgary’s two goals in the opening 51 seconds was the fastest two goals to start an NHL playoff game, and electrified a sea of red dotted with Oiler orange and blue at the Scotiabank Saddledome.

The Oilers would not go quietly, however.

The Flames had survived a goaltender-dominated, grinding series with the Dallas Stars in the first round.

Wednesday’s Game 1 was, by contrast, an open-ice track meet of mediocre goaltending. The Flames held a 40-18 edge in shots after two periods, but led 6-5 heading into the third.

Edmonton’s Yamamoto briefly tied the game at 1:28 putting McDavid’s rebound over Markstrom’s outstretched pad.

Andersson regained the lead for Calgary at 2:57. Mangiapane from behind the net fed the all-alone defenceman whose wrist shot beat Koskinen’s glove.

Tkachuk gave the Flames a two-goal lead at 8:55 with his second of the night. He snared a Draisaitl turnover at the blue line and beat Koskinen five-hole on a breakaway.

Tkachuk scored into an empty net to complete his hat trick. Hats rained down onto the Saddledome ice and chants of “we want 10” goals soon followed.

Draisaitl pulled the visitors within a goal at 19:21 of the second period when he beat Markstrom far side on an odd-man rush with McDavid.

Hyman scored at 9:38 and 14:06 of the second period. He circled out from behind the net and whipped the puck by Markstrom’s glove for his second.

Hyman skated the puck into Calgary’s end, stopped and got a shot away between defenceman Michael Stone’s legs that deflected off Markstrom and into the top corner for his first.

Tkachuk batted in a rebound for a power-play goal at 8:24 after Bouchard converted a McDavid pass at 7:10. McDavid spun off of Dillon Dube to get a cross-ice pass away to Bouchard.

Zack Kassian’s roughing penalty after Bouchard’s goal gave Calgary the man-advantage for Tkachuk’s goal.

Coleman struck 45 seconds into the second period and again at 6:10 for a 5-1 Flames lead.

He redirected a Noah Hanifin shot for his second goal and put a rebound over a prone Koskinen during a scramble around the crease for his first.

McDavid glided in front of the net and patiently waited for Markstrom to commit before tucking the puck between the goalie’s pads at 7:41 of the first period.

Ritchie scored his first career playoff goal at 6:05. He knocked Edmonton’s Evander Kane off the puck at the Oilers’ blue line, reached to collect the loose puck and got a shot away under Smith’s arm.

From behind the net, Backlund dished to an undefended Mangiapane in the slot for the latter to beat Smith from close range 51 seconds after opening puck drop.

Lindholm converted Calgary’s first shot of the game into a goal 26 seconds after opening faceoff. He settled a bouncing puck off a cross-ice dish from Rasmus Andersson and swept it far side over Smith’s glove.

The Flames were minus top shutdown defenceman Chris Tanev a second straight playoff game. He was injured in Game 6 of Calgary’s first-round series against Dallas.

Tanev skated in both Tuesday’s practice and in Wednesday’s morning skate, but did not dress for Game 1.

Notes: With his 94th career playoff win as a head coach, Darryl Sutter joined Pat Quinn ranked No. 6 all-time . . . With three assists in Game 1, Johnny Gaudreau joined Jarome Iginla and Martin Gelinas (2004) among Flames to carry a six-game point streak in the playoffs . . . McDavid was the first Oiler to score a goal in four straight post-season games since Michael Peca and Shawn Horcoff in 2006 . . . The red lot fan zone adjacent to the Saddledome was closed Wednesday because of high winds . . . Game 1 was the highest scoring playoff game involving Calgary and Edmonton surpassing the previous high of 12 goals scored in Game 3 of the 1983 Smythe Division final.

This report by The Canadian Press was first published May 18, 2022.

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Alberta

This is what Jason Kenney said as he stepped down as Premier of Alberta

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Premier Jason Kenney’s address starts at the 10 minute mark and only lasts for 4 minutes.

From the Facebook page of Jason Kenney

 

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