RCMP charge Toronto group with fraud relating to small business loans

TORONTO, Nov. 1, 2012 /CNW/ - The Royal Canadian Mounted Police (RCMP) has charged 9 Toronto area people with a total of 41 fraud related charges.  Throughout the investigation, the RCMP collaborated with Industry Canada and was assisted by the Royal Bank of Canada, the Bank of Nova Scotia, the Canadian Imperial Bank of Commerce and the Bank of Montreal.

The RCMP GTA Commercial Crime Section has determined that the total value of this alleged fraud was in excess of two million dollars.  The Criminal Code charges include fraud, uttering forged documents, conspiracy, money laundering, possession of proceeds of crime and participating in a criminal organization.

It is alleged that between 2008 and 2010 the accused persons were involved in a scheme where they formed companies and applied for loans at financial institutions under the Canada Small Business Financing Program. By submitting fraudulent or forged documents, they secured loans and funding from the banks for equipment and upgrades to leased property.

Charged are:
46-year-old Gad LEVY, Toronto, Ontario, with thirty (30) counts including 13 charges of fraud, 13 counts of conspiracy to commit, 1 count of uttering forged documents, 1 count of money maundering, 1 count of possession of proceeds of crime and 1 count of participating in a criminal organization.

57-year-old  Marshall KAZMAN , Toronto, Ontario, with twenty-two (22) counts including 9 charges of fraud, 10 counts of conspiracy to commit, 1 count of money laundering, 1 count of possession of proceeds of crime and 1 count of participating in a criminal organization.

40-year-old  Miriam COHEN , Willowdale, Ontario, with eight (8) counts including 3 charges of fraud, 4 counts of conspiracy to commit, and 1 count of participating in a criminal organization.

53-year-old Ali VAEZ TEHRANI, Richmond Hill, Ontario, with eleven (11) counts including 3 charges of fraud, 4 counts of conspiracy to commit, 3 counts of uttering forged documents and 1 count of participating in a criminal organization.

50-year-old  Madjid VAEZ TEHRANI, Toronto, Ontario, with eight (8) counts including 2 charges of fraud, 3 counts of conspiracy to commit, 2 counts of uttering forged documents and 1 count of participating in a criminal organization.

45-year-old  Alireza SALEHI, Vaughan, Ontario, with eleven (11) counts including 3 charges of fraud, 4 counts of conspiracy to commit, 3 counts of uttering forged documents and 1 count of participating in a criminal organization.

37-year-old  Ekaterina CHAPKINA, Concord, Ontario, with eight (8) counts including 2 charges of fraud, 3 counts of conspiracy to commit, 2 counts of uttering forged documents and 1 count of participating in a criminal organization.

37-year-old  Kamyar GHATAN, Richmond Hill, Ontario, with five (5) counts including 1 charge of fraud, 2 counts of conspiracy to commit, 1 count of uttering forged documents and 1 count of participating in a criminal organization.

49-year-old Armand LEVY, Vaughan, Ontario, with four (4) counts including 1 charge of fraud, 2 counts of conspiracy to commit and 1 count of participating in a criminal organization.

The RCMP's Commercial Crime Sections deal with a wide range of white-collar crimes such as currency counterfeiting, commercial fraud, mass marketing fraud, fraudulent bankruptcies and insolvencies, and cases of corruption and theft in which the government has been victimized. The role of the Commercial Crime Program is also to reduce the impact of commercial crime on Canadians and preserve the integrity of government programs and the economy through enforcement, public education, and crime prevention.

The first appearance for the accused individuals is scheduled for November 1st, 2012, at 1000 Finch Avenue West Courthouse in Toronto, Ontario.  If convicted, penalties range up to 14 years in prison under the Criminal Code.


SOURCE: Royal Canadian Mounted Police

For further information:

Sgt. Richard Rollings,
Media Relations Coordinator
RCMP "O" Division
Office: (519)640-7302
Cell: (416)992-4409

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