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Associates of Calgary’s Eric Drinkwater dragged into fraud fallout

Summary by REM | Real Estate Magazine
The fallout of the multi-million-dollar Ponzi scheme by former Calgary Realtor Eric Drinkwater continues to unfold, with new developments relating to the fraudster’s one-time bosses and the brokerage he worked for. Drinkwater’s scheme centred around falsified bridge loans for non-existent real estate transactions. Drinkwater was charged by Calgary police on May 8. Police reported 16 victims came forward with a combined loss of more than $1.9 mil…
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REM | Real Estate Magazine broke the news in on Monday, July 7, 2025.
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