Two Edmonton men face multiple charges after investors lost nearly $6.8 million in what authorities describe as a fraudulent real estate scheme. The Alberta Securities Commission (ASC) and RCMP’s Federal Policing Northwest Region said Friday that the charges followed an investigation by the Joint Serious Offences Team (JSOT), which targets major securities frauds and related crimes. Between 2018 and 2020, investigators allege the men used several corporations, including Cancom Development Ltd. and Roxdale Gardens Ltd., to raise millions from investors for an Edmonton property project. Investors were told that 45 per cent of their contributions would be reserved for future dividends, with the remainder going toward the development. Authorities allege no money was set aside for dividends

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