Royal Canadian Mounted Police Announces Charges In Alleged $60 Million Ponzi Scheme, Asks Victims To Come Forward

Supt. Eric Mattson of RCMP's 'K' Division asks victims of an alleged $60 million Ponzi scheme in Canada and the United States to come forward. The number to call is: 403-699-2581

The Royal Canadian Mounted Police (RCMP) have charged three men and a woman in an alleged $60 million Ponzi scheme.

Canada’s famous police agency, known informally as the Mounties, has asked victims to come forward.

Charged in the case were Murray Stark, 73, Robert Fyn, 62, Garth Bailey, 57, and Katherine Rodrique Bailey, 53. Bailey formerly was an attorney who was suspended, according to records. He also has been referenced in U.S. securities litigation. The scheme operated from Alberta, and there may be thousands of victims in the United States and Canada.

A company known as HMS Financial Inc. is at the heart of the scheme, authorities said. Victims and persons with information are asked to call the RCMP Commercial Crime Section at 403-699-2581.

View a YouTube video that includes remarks from Supt. Eric Mattson of RCMP’s “K” Division. The video was produced by the Calgary Herald. Read a story by the Herald.

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