'Predatory' St. Albert fraudster going to prison for Ponzi scheme

A judge found a St. Albert man was motivated by “greed” when he sentenced him to seven years in prison Wednesday for a Ponzi scheme that bilked investors of about $6 million. 
Wade Closson, 47, earlier pleaded guilty to 53 counts of fraud over $5,000, related to an $11-million mortgage investment scheme in which he lost millions from dozens of investors — many of whom were his friends and family.
“It’s one thing to be taken advantage of by a stranger, but many