Former Alberta CFO accused of misappropriating $6M from construction company
Posted January 23, 2024 2:49 pm.
Last Updated January 23, 2024 3:10 pm.
RCMP says a man from Strathmore is facing seven charges in connection to a fraud investigation.
Mounties say between May 2010 and July 2017, 49-year-old Paul Michael Sturt allegedly misappropriated over $6 million in unauthorized wire transfers, payments, and bonus cheques to himself, while he worked as the controller and Chief Financial Officer for Thompson Bros. (Constr.) LP.
“An intensive investigation uncovered a complex fraud which caused significant financial harm to a company that employs more than 1,000 individuals and, by extension, threatened the economic integrity of Alberta’s construction industry,” explained Sgt. John Lamming with the Provincial Financial Crime Team.
“The RCMP remains committed to ensuring the diligent investigation of these crimes and the mitigation of their impact to the financial security of Canadians.”
RCMP says Sturt has been charged with six counts of fraud over $5,000 and one count of making false entries.
He is expected to appear in court in Stony Plain on Feb. 14.
