Durham police have issued an arrest warrant for a male who fraudulently claimed to start a trucking and transportation business in order to gain funds from an investor in Durham Region.
In late January, investigators with the Financial Crimes Unit (FCU) began an investigation into a male who received funds from an investor after claiming to start a trucking and transportation business.
The suspect told the victim he would be receiving a $1,000,000 banking business loan and already had multiple contracts in place for transportation services with various businesses, police said.
The suspect convinced the victim to partner in the business and transfer over $200,000 in funds to assist with business start-up costs.
Investigators determined the bank contacts and business contracts were all fraudulent and that no banking business loan was issued.
The 35-year old from Brampton is still wanted. A photo of the accused can be viewed at www.drps.ca.
Anyone with information about this incident is asked to contact A/D/Sgt. Chapman of the Financial Crimes Unit at 1-888-579-1520 ext. 5352.
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.