Edmonton couple charged with committing more than $500,000 in fraud
Charges follow lengthy investigation by Economic Crimes Unit.
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Edmonton police have charged a couple with fraud after a lengthy investigation by the Economic Crimes Section.
Police say a former employee of an Edmonton-based machinery equipment company redirected marketing and advertising funds from the company to personal accounts, committing more than $500,000 in fraud between 2000 and 2006.
Methods allegedly used to commit the fraud include false billings to company-issued credit cards, creation of false identities to facilitate fraudulent payments for illegitimate purposes, and concealment and conversion of money between online payment accounts of his spouse.
Police arrested Mark Edward Vandenhouten, 46, and Sheryl Dawn Vandenhouten, 43, Friday and charged them with fraud over $5,000, theft over $5,000 and laundering proceeds of crime.
The couple will appear in court on Oct. 25.