WATCH: St. Albert man sentenced to seven years for Ponzi scheme

A St. Albert man was sentenced to seven years in prison for a Ponzi scheme that bilked $6 million from investors.
Wade Closson earlier pleaded guilty to 53 counts of fraud over $5,000, related to an $11-million mortgage investment scheme in which he lost millions for over 50 investors — including his own friends and family.
A number of Closson’s victims sat in the court gallery Wednesday as court heard victim impact statements that detailed the financial devastation many experie