Lethbridge senior will learn fate this fall for conning investors in real estate investment opportunity

  • 📰 calgarysun
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 52%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Former Lethbridge pastor Ronald James Aitkens will be sentenced this fall for defrauding investors in Legacy Communities Inc.

In Yee’s statement, he explained he lost a significant amount of his life’s savings, $49,950, investing through Aitkens in Legacy Communities Inc.“At the lowest point of my depression I considered suicide. I didn’t have much will to live.”

The prosecutor said Aitkens took advantage of people who put their trust in him and a stern penalty is needed to deter others from similar conduct. He said if the judge deems concurrent sentences are appropriate then Aitkens should be handed the maximum five years less a day under the Alberta Securities Act for fraud and one year concurrent on the other charge.

The lawyer suggested a conditional sentence order of less than two years would be appropriate for his client.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 63. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines