Toronto resident lost more than $200,000 in alleged investment scam; 1 suspect charged


by CP24

CP24— A 24-year-old man has been arrested after a Toronto resident lost over $200,000 in an alleged investment scam that impersonated a global investment company. Toronto police said the suspects allegedly placed advertisements with internet search engine providers to promote several fake investments. When the victims clicked on the ad, they were brought to fraudulent investment comparison sites, where they were prompted to enter their name, telephone number, and email address. “Once the...

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