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10mo ago

Canada-Wide Warrant Issued for CWS Capital Founder in Alleged $10 Million Investor Fraud

The RCMP’s market-enforcement unit says part of the alleged proceeds moved through cryptocurrency exchanges.

CWS Capital founder and president Mark Douglas Alexander, 41, is wanted on a Canada-wide warrant for laundering proceeds of crime, possession of property obtained by crime over $5,000, and fraud over $5,000.
An RCMP cruiser.

Overview

  • Mark Douglas Alexander, 41, is charged with laundering proceeds of crime, possession of property obtained by crime over $5,000, and fraud over $5,000.
  • Investigators allege more than $10 million in investor money was diverted from CWS accounts into accounts he controlled.
  • The RCMP says some of the funds were routed to cryptocurrency platforms, complicating tracing and recovery.
  • The probe is led by the Integrated Market Enforcement Team with support from FINTRAC, the Canada Border Services Agency and Passport Canada, and coordination with the Alberta Securities Commission.
  • CWS Capital, which billed itself as an international foreign-exchange firm, appears to have ceased operations in April 2023, and media reports later placed Alexander in the Dominican Republic as unreachable.