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Alberta man accused of bilking investors out of millions of dollars to face trial next year

Calgary, AB, Canada / RTBN

Authorities say a man accused of bilking investors out of $10.2 million dollars in a pyramid scheme in Canada and the U.S. will face trial in the spring of 2020.

Joshua Tenhove, a Red Deer native, is charged with laundering crime profits, fraud and possession of property obtained by crime.

Tenhove was arrested by Mounties in 2017 after a search of a Red Deer home.

Police said the charges stemmed from a fraud investigation involving the purchase, sale and rental of mobile light towers by Silvertip Energy Inc.

Victims of the alleged crimes include five individual investors and corporations in Canada and the U.S.

The trial is scheduled to run for two weeks, from April 14th to May 1st, 2020.

-Cindy Letic