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The great-grandson of Col. James Macleod, whose name was bestowed on one of the city’s busiest thoroughfares, is blazing his own trail — possibly to jail.

Crown prosecutor Steven Johnston said on Wednesday that he will be seeking a period of incarceration for James (Jay) Farquharson Macleod after he was convicted of fraud in a Calgary courtroom.

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“I find that Mr. Macleod’s conduct was dishonest,” Court of Queen’s Bench Justice Corina Dario said, in finding Macleod guilty.

“Mr. Macleod did have the requisite intent to commit fraud.”

Johnston suggested the total money put at risk by Macleod over a period of more than two years from 2009 to 2011 was in excess of $1.68 million, and more than $1 million in principal payments were either unrecovered, lost, or stolen.

Dario agreed Macleod dishonestly took cash from investors in and around High River without providing the returns promised.

And she dismissed his claim a combination of dyslexia, boozing and business ineptitude led to the losses.