YOU'RE FIRED Alleged 8M fraud leads to Alberta Motor Association exec

Posted on 08/10/2016 | About Alberta

The Alberta Motor Association has filed a lawsuit against a former executive, alleging he swindled the insurance organization of $8 million and bought lavish homes and vehicles. The lawsuit claims James Gladden misappropriated the funds dating back to at least 2013 while he was vice-president of information technology at AMA.

The suit also names Gladden's wife, Dana, and several companies he was involved in.
A judge has granted an injunction freezing Gladden's properties and assets, including a home in Arizona and two Porsches and a Maserati.
Edmonton police say they have received a complaint about the case and are investigating.
Gladden has not filed a statement of defence and the lawsuit contains allegations that have not been proven in court.
The AMA said in a statement Monday that an unnamed employee has been fired after an internal investigation revealed alleged irregular financial activity.
It said insurance will cover the losses and customer information has not been compromised. It added that additional controls have been put in place to prevent similar incidents in the future.
The Alberta Motor Association has more than 973,000 members and advocates for traffic safety, travel, consumer protection and crime prevention.
“We expect all our employees to perform their duties in a manner that maintains and enhances the public's confidence and trust in our organization,” the organization's statement read.
“AMA takes cases of improper conduct very seriously and when the matter was brought to senior management, we acted swiftly and decisively.”