Calgary men guilty in multimillion-dollar fraud case involving B.C. RV resort
CTV
On Sept. 20, Justice R.E. Nation of the Alberta Court of King's Bench found Craig McMorran guilty of fraud, money laundering and stealing a cottage from its rightful owners.
Two men accused of defrauding millions out of people looking to buy vacation properties at Lake Koocanusa, B.C., have been found guilty by an Alberta judge.
On Sept. 20, Justice R.E. Nation of the Alberta Court of King's Bench found Craig McMorran guilty of fraud, money laundering and stealing a cottage from its rightful owners.
A second man charged in the case, Gus Kalabalikis, also known as Kosta, was found guilty of fraud.
According to court documents, McMorran was working to develop a resort called Sweetwater Resort at Lake Koocanusa, located near Fernie, B.C. Kosta was his employee.
To this end, McMorran bought shares in a company called Marcer Ranching Ltd., which owned a 296-acre piece of property.
That land was subdivided into four development lots, which included "lower," "middle" and "upper terrace lands."
By 2012, RV owners paid Marcer to place their RVs at an existing campground and camp there.
