Employee defrauds company of nearly $5 million

The Calgary Police Service Economic Crimes Unit has charged a man with defrauding his employer of nearly $5 million.

It is believed that between September 2007 and November 2011, the suspect created three shell companies that were used to defraud the oil and gas company he was working for at the time. He used these shell companies to create more than 91 fictitious invoices for supplies and services that were not genuine transactions.

Investigators believe the suspect made $4,929,686 from the fictitious invoices.

The employer fired the man in 2011 and contacted police in 2013 following an internal investigation.

Following a nearly two-year-long investigation by the CPS Economic Crimes Unit, Ian Wilson FISHER, 53, of Calgary, has been charged with fraud over $5,000 and money laundering. He will next appear in court on Friday, Sept. 11, 2015. 

Case #13114075