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
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.
SOURCE Ontario Provincial Police
For further information:
| Contact: |
| Detective Constable Andre Duval |
| Phone: || 613-591-7012 |