Alleged investment scam results in charges for Brampton man
Published September 23, 2024 at 5:45 pm
A 62-year-old man from Brampton has been charged in connection with an alleged investment scam involving the sale of fraudulent Guaranteed Investment Certificates (GICs).
Peel Regional Police say in June of 2022 a victim, looking online into buying GICs, unknowingly clicked on a link for a fictitious company name that closely resembled a legitimate investment company in British Columbia.
“The victim spoke with someone he believed to be a legitimate representative of the financial services company,” said Peel Police. “A total of $170,000 was transferred. When communication between the victim and suspect ended, the victim contacted the actual investment company at which point he was informed he had been defrauded.”
Peel police, with the help of Vernon, B.C. RCMP, identified an adult male after a lengthy investigation.
Last Friday (September 20, 2024), John Marshall, 62, from Brampton, was arrested and charged with the following:
- Fraud Over $5000
- Possession of Proceeds Obtained by Crime.
Marshall will appear at a later date at the Ontario Court of Justice in Brampton.
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Anyone with information on this case is asked to contact the Fraud Bureau at 905-453–2121, ext. 3335.
Information can also be left anonymously by calling Peel Crime Stoppers at 1-800-222-8477 or visiting peelcrimestoppers.ca.
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