09/01/2026
🚨A major financial fraud investigation in Calgary has led to criminal charges against a 49-year-old man accused of allegedly diverting more than $164 million in investor money in what the RCMP describe as a large-scale Ponzi scheme.
Police say Craig Michael Thompson, who operated through his company Black Box Management, allegedly collected money from more than 1,000 investors between March 2020 and April 2024.
According to the RCMP, Thompson presented himself as a one-person investment firm and told clients their money would be used for day trading. Investors allegedly received weekly email updates claiming their accounts were growing and performing well.
Investigators say they later discovered that information contained in those updates was allegedly copied from online sources.
The RCMP allege that of approximately $164 million received from investors, more than $163 million was transferred to external accounts, including Thompson’s personal trading account and an investment in a U.S.-based company.
Police also say the investigation has identified links to other businesses, including Intelsense Investment Corp., Invader Management Ltd., and Attebyte Investment Corp.
Thompson was arrested on July 31 by the RCMP Federal Policing Northwest Region’s Integrated Market Enforcement Team. He faces charges related to fraud and laundering proceeds of crime.
This is not Thompson’s first securities-related case. Last summer, the Alberta Securities Commission convicted him of securities fraud and ordered him to pay $8.8 million in penalties and costs over an alleged Ponzi scheme.
His lawyer told CBC News that neither he nor his client had any comment on the new criminal charges.
Thompson is scheduled to appear in Alberta Court of Justice in Calgary on September 3.
⚠️ IMPORTANT: The allegations have not been proven in criminal court, and Thompson has not been convicted of the current charges.
The RCMP are asking anyone who believes they may have been affected by the alleged scheme to contact police.
Source: Royal Canadian Mounted Police (RCMP)