Jeremy (Jay) Peers has been sentenced to three and a half years in prison after pleading guilty to fraud, misrepresentations, and dealing and advising in securities without registration under the Alberta Securities Act.

Alberta provincial court Judge Fred Day called Peers “a con man,” as he delivered his sentence in an Alberta courtroom.

Peers, the grandson of early Edmonton mayor and coal baron Harry Marshall Erskine Evans, was the key player behind one of the biggest, most complex securities frauds in recent Alberta history.

read more at canadianfraudnews.com