Accused in $10M fraud case requests jury trial

A Red Deer man accused of using ponzi schemes to steal millions of dollars from investors has requested a jury trial.

Joshua James Tenhove faces charges of laundering the proceeds of crime, fraud over $5,000, and possession of property obtained by crime over $5,000. He was charged after Mounties conducted a search warrant at a home on C&E Trail north of Red Deer on December 19, 2017.

The investigating leading to Tenhove’s arrest began in April 2016 after RCMP received reports of suspected fraud involving the purchase, sale and rental of mobile light towers by Silvertip Energy Inc.

The police investigation centred around allegations that the owner of Silvertip Energy had sold or rented light towers with the same serial number to multiple investors and had also sold or rented units that were never manufactured.