News release

President of foreign exchange trading company charged after embezzling millions

October 8, 2025 - Calgary, Alberta
From: Federal Policing Northwest Region

Content

The RCMP Federal Policing Northwest Region’s Integrated Market Enforcement Team (IMET) in Calgary charged a 41-year-old with money laundering and fraud-related offences. 

IMET led an investigation into the founder and president of Canadian Wealth Strategies (CWS) Capital. The former Edmonton-based company represented itself as a foreign exchange trading business operating on an international scale. The accused is alleged to have misappropriated more than $10 million in investor funds, transferring money from CWS accounts to other accounts under his control. A portion of the stolen funds were moved into cryptocurrency exchanges.

On Sep. 9, 2025, Mark Douglas Alexander (41), was charged with:

• Laundering proceeds of crime contrary to section 462.31(1)(a) of the Criminal Code;
• Possession of property obtained by crime over $5,000 contrary to section 355(a) of the Criminal Code; and,
• Fraud over $5,000 contrary to section 380(1)(a) of the Criminal Code.

A Canada wide arrest warrant has been issued for Alexander’s arrest.

IMET would like to acknowledge Financial Transactions and Reports Analysis Centre of Canada, Canada Border Services Agency and Passport Canada for their support in this investigation.

IMET is a specialized unit under the RCMP Federal Policing program that detects, investigates, and deters market fraud. IMET works closely with the Alberta Securities Commission to protect investors and further enhance confidence in the Canada's capital markets. 

Quotes

"This file underscores the importance of strong partnerships and highlights the exceptional work done by our investigators. Through collaboration and commitment, we continue to uncover and disrupt complex financial crimes that jeopardize the fiscal wellbeing of Canadian citizens.”

RCMP Federal Policing Northwest Region

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