OPP CHARGE MAN WITH FRAUD and CRIMINAL BREACH OF TRUST

OTTAWA, April 7 /CNW/ - The Ontario Provincial Police (OPP) Anti-Rackets Branch has charged a Toronto man in regards to an investigation relating to misappropriated money which was intended to be invested.

The investigation began in April 2009 when a group of 20 investors reported that they had lost a sum of 1.15 million dollars in two investment projects. The victims had provided money intended for a real estate development in the Southampton area and the renovation of a nursing home in the City of Hamilton. The investors soon discovered that their money had been diverted from the projects and could not be accounted for.

As a result of this investigation, the OPP has charged Mitchell WOLFE, 59 years of Toronto with 2 counts of Fraud over $5000 and 2 counts of Criminal Breach of Trust.

He is scheduled to appear in the Ontario Court of Justice in Barrie on May 9, 2011.

The OPP are reminding the public to protect themselves against fraud.  When seeking investment advice or purchasing investments make sure that your representative is registered with a securities regulator.  The OPP Fraud Prevention Resources web page has many other relevant resources to help the public protect itself against frauds.

www.opp.ca


SOURCE Ontario Provincial Police

For further information:

Contact:  
Detective Constable Andre Duval
Anti-Rackets Branch 
Phone:   613-591-7012

 


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