Stay informed with the LNN Daily Newsletter

Accused in $1.2-Million Fraud Elects Trial by Judge Alone

Jul 5, 2016 | 12:49 PM

LETHBRIDGE – A B.C. man accused of fraud and laundering the proceeds of crime has elected trial by judge alone.

Bryan Wilfred Clemens was charged in December of 2015, following a lengthy investigation by Lethbridge Police.

The Economic Crimes Unit determined that between September 2009 and March 2014, a man who was working as a mortgage associate in Lethbridge used his position to approach a number of acquaintances for money. He claimed he would use it for “bridge financing” for his real-estate clients – promising a high rate of return – and managed to obtain $1.2-million from nine people.

Police say the money was then deposited into his bank account for personal gain.