AMA lawyer tells Edmonton court there is 'no way' Jim Gladden could afford his lifestyle on his IT salary
Over the past three years, Edmonton resident Jim Gladden spent money like a multimillionaire businessman.
He bought a 2013 Porsche, sold it in 2015 and bought a 2016 model. He bought and sold a rare Italian-made Maserati. His insurance covers a 2014 Dodge Ram truck, a 2015 BMW and a $50,000 boat.
His new home in southwest Edmonton cost an estimated $1.6 million. He purchased his 3,000-square-foot vacation home in Scottsdale, Ariz., in March for $520,000 US. As an investment, he bought a $5-million office building in downtown Edmonton.
During this three-year spending spree, Gladden was working as vice-president of information technology for the Alberta Motor Association (AMA) and making about $210,000 a year.
"There is no way that he could be living this lifestyle without conducting what was a brazen and substantial fraud," Calgary lawyer Munaf Mohamed told a Court of Queen's Bench justice in Edmonton on Thursday.
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