Paul Michael Sturt, 49, of Strathmore, was charged after more than $6 million was misappropriated from Thompson Bros. (Const) LP. He was the controller and chief financial officer for the company.
The Alberta RCMP’s Provincial Financial Crime Team charged him with seven criminal offences relating to fraud and making false entries.
Between May 2010 and July 2017, the accused is alleged to have misappropriated more than $6 million in unauthorized wire transfers, payments and bonus cheques to himself while working as the Controller and later as the Chief Financial Officer for Thompson Bros. (Const) LP.
Sturt was charged with fraud over $5,000, and making false entries.
Sturt is scheduled to appear in Stony Plain Provincial Court on Feb. 14.
“An intensive investigation uncovered a complex fraud which caused significant financial harm to a company who employs more than 1,000 individuals and, by extension, threatened the economic integrity of Alberta’s construction industry,” said Sgt. John Lamming, 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.”
The Provincial Financial Crime Team is a specialized unit under the RCMP Federal Policing program that conducts investigations relating to multi-jurisdictional serious fraud, investment scams and corruption.
