Durham police said an investigation in Uxbridge revealed a $1.9 million cheque fraud and led to the arrest of three men and one woman.
On March 16, a woman attended a banking institution in Uxbridge and cashed a fraudulent cheque valued at over $1.9 million.
Between March 16 and March 20, the female suspect and three male suspects conducted bank transfers, withdrawals, e-transfers, wire payments, and completed bank drafts, to launder and take possession of these funds.
The suspects were able to fraudulently obtain more than $890,000 before all funds were frozen, police said.
Following an investigation by the Financial Crimes Unit all four suspects were located and taken into custody.
The suspects are a 50-year old woman from Richmond Hill, A 28-year old man from Wasaga Beach, a 45-year old man from North York and a 30-year old man from Toronto. Names and further details available at www.drps.ca.
They were all released on an undertaking.
Anyone with information about this incident is asked to contact D/Cst. Peden of the Financial Crimes Unit at 1-888-579-1520 ext. 5241.
Editor’s Note: Durham Post does not name the accused parties as:
1. Of this time, they are suspect[s] and not convicted by a court, and
2. Sometimes charges are amended or dropped.