LONDON, ON, Aug. 15 /CNW/ - An investigation by members of the London,
Detachment of the Royal Canadian Mounted Police (RCMP) Commercial Crime
Section into an allegation of investment fraud has resulted in six individuals
The RCMP investigation was launched in 2006 following a complaint
alleging a large scale fraudulent investment made in Toronto based, Themed
Technological Innovations (TTI). The investigation traced the investment funds
to financial accounts controlled by TTI and revealed that the victim
investments were converted for the personal use of those charged.
Charged with Fraud over $5000, Section 380(1)(a) of the Criminal Code of
Ross Alexander, age 64 of London, Ontario
Richard Hughes, age 54 of Kitchener, Ontario
Matthew Sherban, age 48 of Toronto, Ontario
Peter Snyder, age 49 of Woodstock, Ontario
Peter Turcaj, age 49 of Toronto, Ontario
"Investors need to be assured that their investments are not going into
fraudulent ventures," stated Inspector Dwight Blok, Officer in Charge of RCMP
London Detachment. "The investment promised a return of 40% in four months. No
return was received, contact between investors and the company decreased with
various excuses offered to the victim including problems with the bank due to
new laws passed after 9/11."
An Arrest Warrant has been issued for one other individual.
First appearance is scheduled for September 2, 2008 at London Court.
For further information:
For further information: Sgt. Michele Paradis, RCMP 'O' Division, (905)
751-8480 mobile, (905) 953-7483 office