A Yellowknife movie theatre and virtual reality gaming business has closed, while RCMP have arrested one person in connection with a fraud investigation involving the company. Last week, Northern Sky Films Inc. made a post on Facebook saying it was shutting its doors after a “bad guy” used the company to take out a large bank loan and enriched himself with that money. Then on Tuesday, the RCMP announced that a person who was involved with Northern Sky had allegedly misappropriated money from loans from the Business Development Bank of Canada (BDC). Police allege that $250,000 in loans were taken out to support Northern Sky, but that the money was “funnelled into a personal account before
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