Brampton Man Edmund Teelucksingh has been charged with more accusations this year after already being involved in a mortgage case last year where he allegedly bilked real estate investors in the tune of thousands of dollars.
Teelucksingh, 50, now living in Brampton, was originally charged in January 2016 by Nottawasaga OPP with fraud in relation to a real estate investment in 2010 in which a victim claim he sunk $50,000. At that time, Teelucksingh was living in Mississauga. It has now been found out by the police that as many as 20 New Tecumseth residents lost a total of about $1 million in that scheme.
The charges were brought against Teelucksingh following a 30-month investigation of his involvement in investment fraud by Nottawasaga OPP. The said investigation was launched in May 2013 after a Nottawasaga resident complained that he?s been a victim of a $50,000 fraud after investing in what he thought was a legitimate real estate investment in 2010.
Earlier this month, OPP announced that 3 other men have been charged together with Teelucksingh regarding running a large-scale ?pyramid-type scheme?, as shared by the police.
To date, a total of 68 charges were brought against the 4 perpetrators. The charges include a fraud case with a value of over $5,000, and charges of conspiracy to commit money laundering and fraud. 29 of the charges were laid against Brampton resident Teelucksingh.
19 charges were filed against 57-year old Marcel Jones of Highgate, 15 charges filed against 39-year old Shawn Jones of Whitby, and 5 charges were brought against 68-year old Badar Siddiqui of Ajax.
The 4 accused men were scheduled to appear in the Ontario Court of Justice in Bradford a few days ago. No statements from fellow Brampton residents are available at this time.
Brampton Residents?Take Note
Do you recall that you may have heard of a similar scheme in Brampton or Mississauga in the past few years? Be sure to let the local authorities know. You may be able to bring fraudsters like this Brampton man to justice.
For possible fraud concerns that you want to get to the bottom of, our private investigator?s services might come in handy. We serve the area in and around the city of Toronto including Mississauga and Brampton. Contact us at Haywood Hunt today for your obligation-free initial private investigation consultation!