Monday , May 23 2022

A woman who scammed investors condo scam sentenced & # 39; four & # 39; years


The land where developers hoped to build development & # 39; hotel, condo and golf course & # 39; $ 700 million in eastern ranks & # 39; Jasper Park near Hinton. The project never completed.

supplied / Postmedia, file

A woman who deceived dozens of & # 39; investors who were hoping to get a small portion of & # 39; Heaven in the shadows of the Canadian Rockies was sentenced to four & # 39; years in prison and ordered to pay nearly $ 1.3 million in restitution to his victims.

Marie Laframboise, 61, admitted guilty in early & # 39; October to one count of & # 39; & # 39 fraud; 24 person & # 39; money that exceeded the $ 5,000 in relation to & # 39; project & # 39; & # bankrupt condominium linked to 39; golf course & # 39; luxury just outside the National Park & ​​# 39; Jasper.

Between 1 April 2006 and 31 December 2010, those who were sent investors more than $ 870,000 in & # 39; deposits for condos never built.

Those deposits were dismissed f'fiduċja as stipulated in the Condominium Property Act but instead used the money to pay the costs and business-related credit card debt and put to Laframboise buying Folding Mountain Campground.

agreed statement of facts entered in the courts last year stated that about $ 94,000 was transferred to the personal bank account of Laframboise and about $ 44,000 was withdrawn at ATMs in casinos or b'VLTs businesses.

Victims who spoke at the hearing of the sentences on Monday in the Court of Queens & # 39; s Bench said not only by the financial devastation caused fraud but also with the emotional turmoil that victims left to suffer.


One of the victims, Jason Smith, told the court felt it was "a complete failure and total" and he had left all his family having invested more than $ 100,000 in the company, and added that it would take " other life "to recover his losses.

Fighting tears, Smith said that his financial situation was so bad in & # 39; one point had access to the bank account & # 39; his son to pay food and gas for his family.

"You took something that your not to take," he said, while looking at sometimes by a statement prepared to look at Laframboise, who is in the dock wearing blue jeans, on a black b & # 39; long sleeves and runners.

"You let other people suffer while gained. You are the reason that m & # 39; I fdajtx to others & # 39; something. "

Peter and Susan Schubert Schubert, who lost hundreds & # 39; & # 39 thousands; dollars in agreements bankrupt, said they knew each Laframboise for about ten years and even went on holiday with.

Susan Schubert said their loss was not only a financial blow but humiliating betrayal.

"Our lives will never be the same again," she said.

Laframboise, was former judicial clerk in the courthouse of & # 39; Edmonton and former civilian member & # 39; the RCMP before he entered the property development, a brief statement to the court before being sentenced.

"This is obviously qerqtni and will execute the rest of & # 39; my life," she said.

"I regret to all the devastation encountered these people."

Justice Adam Germain describing its fraud is not a spur of the moment act & # 39; despair but as calculated long-term scheme which operates on families who were looking to sit for retirement or to help establish a portfolio & # 39; property may allow their families.

Laframboise is credited 15 days for time served after his arrest.

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