Monday , May 23 2022

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



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year stated that about $ 94,000 was transferred to the personal bank account of Laframboise and about $ 44,000 was withdrawn at ATMs in casinos or b'VLTs businesses.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

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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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