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Calgary Woman Gets 4-Year Sentence for $2M Fraud

A Calgary woman received a four-year, two-month sentence from a judge on Friday for fleeing to the UK twice to evade imprisonment after stealing close to $2 million from her employer. Carol Lloyd, aged 66, admitted to committing fraud over $5,000 last summer. She was granted credit for time served in custody in both Canada and the UK, and now has two years remaining on her sentence.

In addition to her prison term, Justice Brandy Shaw ordered Lloyd to pay a fine equal to the amount she embezzled. Failure to pay the fine could lead to an additional five years behind bars. Justice Shaw highlighted how Lloyd orchestrated a major fraud scheme in 2015 by fabricating 117 false invoices while serving as a property manager at FirstService Residential in Calgary.

Lloyd’s fraudulent activities involved pilfering over $1.8 million by establishing a fake company with a similar name to a legitimate contractor and diverting payments from FirstService to that entity. She fled to the UK in November 2015 to avoid arrest. Despite extradition attempts, Lloyd was finally brought back to Canada in 2021 to face charges. However, she absconded to the UK again within two weeks after being released on bail.

It took four more years to repatriate Lloyd to Calgary as she fought to remain in the UK. In the spring of 2025, Lloyd pled guilty before a Calgary judge. The prosecutor sought a five-year sentence, while the defense proposed a two-year sentence with credit for time served. Lloyd’s defense attorney argued for recognition of her time spent contesting extradition in the UK.

Justice Shaw credited Lloyd with half a day for each day spent in custody in England. Lloyd’s age and health concerns were also taken into account during sentencing. Justice Shaw emphasized that the lengthy legal process, spanning a decade, was prolonged solely due to Lloyd’s actions. The judge stated that fleeing should not be rewarded.

Apart from evading authorities twice, Lloyd was found to have repeatedly lied to the courts. In a 2020 ruling denying Lloyd’s extradition challenge, UK Chief Magistrate Justice Emma Arbuthnot criticized Lloyd for dishonesty and false claims of attempted suicide. The UK Secretary of State ordered Lloyd’s extradition, and she was handed over to Canada in June 2021.

After being released on bail in Calgary in July 2021, Lloyd breached her bail conditions by fleeing to the UK once more. A second extradition request was made in 2023, which Lloyd contested. A British judge accused Lloyd of fabricating numerous falsehoods to avoid extradition. Eventually, in 2025, Lloyd was extradited back to Canada for the final time.

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