Canadian Fraud Suspect Arrested
A Canadian man, who is believed to have stolen millions of dollars from investors, has been arrested in Spain. Brian David Anderson, was arrested at his hotel for charges stemming to an alleged pyramid scheme that caused investors to lose a total of US$4 million. An FBI affidavit says that Anderson and his daughter, Bonnie Dick, created a fake investment program called Frontier Assets in 2001 and "falsely (promised) high, guaranteed rates of return."
Anderson also faces securities fraud allegations in British Columbia; the security commission says that he convinced people to invest $14 million in two investment opportunities: Frontier Assets and "The Alpha Program." Anderson pleaded guilty to an investment fraud case in 2004.
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