RCMP have charged 5 people today in a cash laundering and theft scheme that associated a bogus internet site that purported to be a legit investment decision company.
The site lured “numerous” investors with significant-desire investment chances by using research engines and stated get hold of details for fraudulent reps, law enforcement stated. Investigators mentioned the buyers despatched resources to many accounts at banking companies across the nation just before currently being moved to “destination accounts” and then on to other transactions not relevant to the meant investments.
The RCMP’s federal Integrated Industry Enforcement Team (IMET) was created aware of the action from a December 2021 referral from the Alberta Securities Commission.
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IMET was assisted by the Money Transactions and Reports Investigation Centre of Canada (FINTRAC), the Canadian Anti-Fraud Centre and Durham regional law enforcement in the investigation.
In February and March 2023, IMET arrested and billed:
- Quang Sac Hoang, 52, a resident of Calgary
- Amarjit Panesar, 56, a resident of Surrey, B.C.
- Mehdi Tabatabaie, 57, a resident of Toronto
- Amjed Barlas, 53, a resident of Mississauga, Ont.
- Rocky Stevenson, 36, a resident of Whitby, Ont.
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They facial area rates of fraud of in excess of $5,000, theft of about $5,000, possession of proceeds of criminal offense and laundering proceeds of crime.
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Barlas, Stevenson and Tabatabaie appeared in a Calgary court on March 6. Hoang built a Calgary courtroom overall look on March 9. Panesar is because of to look in Calgary provincial court docket on April 13.
“I simply cannot overstate the significance of staying careful when in search of out financial investment chances of any kind,” Calgary IMET Insp. Stephen Reid explained in a statement.
“This investigation disclosed a nefarious and elaborate interprovincial scheme that preyed upon Canadians and their difficult-gained income.”
If you imagine you are a victim of fraud, Reid advises you to report it to your regional regulation enforcement and to the Canadian Anti-Fraud Centre on the internet, or by calling 1-888-495-8501.
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