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Ponzi Scheme Operator Defrauds 1,000 Investors, Faces $8.1M Penalty

8/30/2025

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Summary

Story summary

Craig Michael Thompson operated a $150 million Ponzi scheme, defrauding over 1,000 investors from 2020 to 2023.
He must pay $8.1 million in disgorgement and is banned from trading permanently.
The Alberta Securities Commission determined he misappropriated funds and faked trading success.
Cynthia Campbell cautions about rising Ponzi schemes and advises verifying financial advisors' registrations.
The case is under further investigation by the RCMP.

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Story summary

Craig Michael Thompson operated a $150 million Ponzi scheme, defrauding over 1,000 investors from 2020 to 2023.
He must pay $8.1 million in disgorgement and is banned from trading permanently.
The Alberta Securities Commission determined he misappropriated funds and faked trading success.
Cynthia Campbell cautions about rising Ponzi schemes and advises verifying financial advisors' registrations.
The case is under further investigation by the RCMP.