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A Calgary man facing a lifetime ban on a fraudulent investor faces fraud charges for the fourth time, while he's still involved in previous hearings .
Neil Andrew McDonald is accused of stealing credit between August 25, 2016 and March 24, 2017. He is also accused of having opened a fraudulent bank account bearing the same identity.
The charges were laid as a result of a survey conducted by the Joint Serious Crime Team, a collaboration between the Alberta Securities Commission (ASC), the RCMP 's. Alberta and the Crown.
McDonald at first violated the Alberta Securities Act by fraudulently collecting $ 439,000 from investors in 2009.
He settled $ 20,000 amicably with the ASC, which prohibited him from trading or advising on securities for 15 years. In 1965, McDonald was sentenced to two years in prison and was ordered to pay a $ 240,000 restitution to three people that he defrauded in violation of that agreement.
And in February 2017, McDonald was slapped with seven new charges. He was accused of fraudulently raising $ 240,000 more between 2012 and 2015 while he was in court for his past fraud charges.
The new charges, which were laid while McDonald was conditionally released with a commitment on the February 2017 charges, are as follows:
- A fraud charge.
- A leader of identity fraud.
- A head of use of a falsified credit card.
- A failure to comply with a commitment.
He will appear in court for a bail hearing on July 23 in Calgary.
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