Woman Charged after Police Investigate $150,000 Fraud
Release Date: March 7, 2018
A 27-year-old Toronto woman has been charged by Kingston Police for defrauding a Kingston woman of just over $150,000 through her financial investment firm.
On September 22, 2016 the complaints financial advisor received an email from the accused posing as the complainant. At that time the accused simply requested a balance on the complaints investments. In October and November 2016 the advisor acted on instructions in additional emails sent by the accused posing as the complaint, and subsequently transferred over $150,000 to a specific bank account.
On November 21, 2016 the advisor contacted the complaint by phone in regards to another email request to transfer funds. At this time the fraud was then discovered and police were contacted. Kingston Police Fraud Unit Detectives began an investigation that eventually resulted in identifying the accused, a Toronto woman.
On March 6, 2018 the accused turned herself in at Kingston police headquarters. The accused was charged with fraud over $5000, and possession of stolen property over $5000.
March in fraud prevention month and this incident provides a good example of how important it is to be cautious and never rush when making any type of financial transaction. Take the time to verify information and never pay something immediately upon being contacted by someone over the phone or through email.
The Canadian Anti-Fraud Centre has some good information on how you can protect yourself from becoming a victim of fraud. http://www.antifraudcentre-centreantifraude.ca/protectyourself-protegezvous/index-eng.htm