B.C. investment adviser missing for 528 days turns himself in to police

A Vancouver Island investment adviser who seemingly vanished in 2015 has turned himself in to police.

Harold Backer went missingafter he told his wife he was going for a bike ride on Nov. 3 of that year.

His disappearance sparked a frantic search on Vancouver Island and in Washington state after surveillancefootage showed a cyclist fitting Backer'sdescription getting off the Coho ferry in Port Angeles, Wash.

Some believed he may have been injured or lost, but the searchtook on a differenttone when investment clients including several close friends and Backer's brother received letters from the adviser explaininghe had lost their investments.

On Friday, more than 520 days after his disappearance, police in Victoria, B.C., said Backer had turned himself in and was being held in custody.

He'sfacing two counts offraud over $5,000 with acourt appearance scheduled for Tuesday.

Officers told CBC News it's not clear whyBacker turned himself in and that officials are still investigating where he's been since November 2015.

In a writtenstatement, the department saidfinancial crime investigators started looking into theMy Financial Backer Corporation and Backer himself shortly after the adviser vanished.

TheRCMPand B.C. Securities Commission have also conducted investigations into Backer's conduct as an adviser.

Past investments

Backer's former rowing coach, Tony Carr, told The Fifth Estate he'd invested nearly $800,000 with the adviser money from his retirement fund as well as his wife's inheritance.

Carr found out Backer had disappeared shortly after the ferry sighting.

"Another rowing coach phoned me and said, 'Do you know Harold's missing?' And as soon as I heard that, I thought, 'so ismy money,'" the coach told CBC's The Fifth Estate in a documentary that aired earlier this year.

CBC News reached out to the Carrs for comment on Backer's arrest, but they didn't make themselves available to media.

Luke Mills, who started a Facebook page to spread the word about Backer's disappearance in 2015, said he was "shocked" when he heard Backer turned himself in.

"I was happy to hear he was OK, obviously, alive.... As a person with family, it was really hard for me and a lot of other people because we just didn't know about his physical safety or state of mind," he said.

Mills said he and Backer were acquaintances, but that they hadn't spoken for a few years before Backer's disappearance. He never investedany money with the adviser.

"But the fact that he's back and has obviously turned himself in ...the proof is in the pudding that he's come back to deal with any consequences he may have."

Backer, who was 53 when he went missing, was anOlympic rower before he went into finance although he never made the podium in three trips to the Games.

He returnedto Mill Bay, B.C., after retiring as a professional athlete. Helived therewith his wife and childrenuntil he disappeared.

With files from CBC'sThe Fifth Estateand Megan Batchelor