It took years, but Toronto Police were finally able to lay charges against those involved in bridle-path fraud scheme. The scheme has been going on since 2013 and has been using fake home ownership papers to get mortgage money.
New fraud scheme targeted Torontonians and was able to fleece them out of more than $5M. Further evidence that phone scams are everywhere and with advances in technology, fraudsters seem to be getting smarter as well.
Billionaire Barry Sherman sued for losing investment over $150,000 and even filed court papers on the last day he was seen alive by anyone. He was found dead in his Toronto mansion with his wife on the 15th of December 2017. The pair may have been victims of a targeted homicide, the police say.
A man from Toronto was recently sentenced to a 5-year prison stay for claiming about $1 million in fake tax refunds.
According from the CRA, Toronto resident Alexander Wiafe filed 8 quarterly GST/HST returns and claimed refunds for expenses that were fraudulent or fictitious. He fraudulently claimed almost $1 million worth of Goods and Services Tax and Harmonized Sales Tax refunds for about a year.
Toronto police are still investigating a $400,000 fraud and were able to retrieve security camera images of the suspects. They are currently asking for the public?s help for these suspects to be identified.
Thousands of Toronto residents? sensitive data have been compromised by Project Royal Fraud Ring. The extent of the compromise was discovered when police seized hundreds of pieces of mail, several notebooks containing the personal data of an estimated 5,000 GTA residents, and numerous credit cards.
Anyone who has moved houses can attest as to how stressful a move can be. There?s always the chance of forgetting some valuable items, bills to settle, packing, unpacking, and getting used to your new neighbourhood. Being extorted by the moving company you hired to make your life easier certainly isn?t one of the stresses you?re expecting to handle when you make your move!
David Franklin, a real estate lawyer from Toronto believes that Ontario investors have lost more than $1B of their investment money in syndicated mortgages. A CBC news report recently shared that 120 Chinese investors in the GTA stand to lose about $9M in investments like these and David Franklin adds that this news is just a small fraction of what?s going on.
It seems that fraud can find its way to anyone?s heart. A lady whose job is to detect financial fraud has been found out to have committed fraud using bogus cheques, fake IDs, and phony credit cards together with her husband last month. The couple resides in Ajax.
Police are asking for the public?s help in finding a suspect after a man was allegedly defrauded of $1 million worth of diamonds.
