Shelley Todd, a victim of real estate fraud, has spent countless hours exposing a series of issues surrounding the case and to restore dignity and lost funds for other victims. Darren Makowichuk/Postmedia

On May 8, Calgary police charged former Realtor Eric Drinkwater with fraud, alleging he swindled 16 people out of $1.9 million through bogus real estate investment proposals.

Drinkwater, whose licence was suspended in 2024, says the true scale is much larger — with dozens more victims and losses nearly double what police outlined.

The fallout has been far-reaching — a multimillion-dollar civil lawsuit, the demise of one of Canada’s top-selling real estate offices and mounting questions about the strength of real estate industry oversight.

Postmedia Calgary has spoken with victims, i

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