Valerie Cooper arrested for fraud

Valerie Cooper the former president and CEO of the Art Gallery of Calgary who is being sued by the gallery for $500000 was arrested on May 9 for fraud.

Cooper has been charged with six counts of fraud over $5000 and one count each of theft under $5000 mischief obstruction and falsifying documents.

According to a police press release the charges related to allegations dating back to July 2005. According to the same release the estimated losses to the AGC are over $438000 .

At a bail hearing at the Calgary courthouse building on the morning of May 10 Cooper looking small in a red sweatshirt appeared via closed circuit television in a small room from the Remand Centre. Her hearing was sandwiched in between cases dealing with shoplifting prostitution and theft.

The Crown and the defence agreed to bail conditions including a deposit of $50000 and a surety of $5000. Cooper must report to a probation officer within two days and alert the court of any change in name address or employment. She must surrender her passport before being released.

Cooper left most of the talking to the attorneys merely indicating that she understood the conditions and had her passport on her ready to be surrendered.

Cooper is also prevented from having any contact with a list of nine former AGC staff and current board members.

She is forbidden from attending the AGC and is not to be employed in a position where she has signing authority.

There is a press conference scheduled for 1:30 p.m. so we’ll post more information as it becomes available.