Edmonton man charged in alleged investment fraud dating back almost 25 years

A man from Alberta is being accused of investment fraud dating back almost 25 years.

SASKATOON — A man from Alberta is being accused of investment fraud dating back almost 25 years.

RCMP say 63-year-old Allan Peter Moen of Edmonton was charged following a lengthy investigation into alleged criminal dealings in Saskatchewan in 1989.

Police say Moen and his companies were brought to the RCMP’s attention by the Saskatchewan Financial Services Commission in November 2010.

Moen, another man and their two companies were ordered to cease trading in December 2011.

The investigation included contacting numerous potential victims throughout Saskatchewan and Alberta.

Moen is charged with fraud, laundering proceeds of crime and possession of proceeds of crime.

Police say he has been granted bail, but is still in custody until it is paid.

He is scheduled to appear in Saskatoon provincial court June 6.