Man charged with $7million Ponzi scheme drowns before his trial

A Canadian man accused of running a $7.8 million Ponzi scheme has drowned in a British Columbia river seven months before his trial was set to kick off in Edmonton.

Curtis Quigley, 56, and his former common-law spouse Kathleen Treadgold were officially charged last August with 80 counts of fraud over $5,000.

Edmonton Police alleged the couple ran the scam for 12 years, duping hundreds of Canadian, American and Australian investors. Some of them claimed Quiqley, thought of as the mastermind, owed them over $1 million, originally reported.

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