But Fauth may never be punished for his crime as he is facing severe medical issues that may make him too ill to face a sentencing hearing, his lawyer told court.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.
“The amount the six lenders put at risk during the investigation period totalled $2,365,000,” Holtby told the Court of King’s Bench hearing.The prosecutor said Fauth accepted short-term loans to Espoir for the purpose of putting the cash in “a pool of secured interest-paying investments.” Each investor was paid some interest over the period of their loans, but at less than the eight per cent promised. None of them received their principal loan amount at the closure of the loan periods.