"York Regional Police say the investigation began in March 2025 after a person reported the alleged scam. Police say in February 2024 the person was promised a return on an investment made with the suspect, the owner of Equity Line Service Corporation."
"Last February, police learned of five other people who had invested with the same man, who investigators suspect misappropriated the money for personal gain. They say he received more than $2.5 million in investments."
"Police say the man was charged with six counts of fraud over $5,000 in December and they suspect there may be more victims."
York Regional Police charged a 40-year-old Toronto man with six counts of fraud over $5,000 following an investigation that began in March 2025. The suspect, owner of Equity Line Service Corporation, allegedly promised investment returns to victims starting in February 2024. Police identified at least six investors who collectively provided more than $2.5 million to the suspect, who is suspected of misappropriating the funds for personal use. The man was formally charged in December, and investigators believe additional victims may exist.
Read at www.cbc.ca
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