A resident of Ajax sought by police in an alleged email scam that resulted in a loss of about $140,000 for a St. Thomas business has turned itself in, St. Thomas police said.
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The individual, who was charged by way of warrant with fraud over $5,000, turned themselves in Thursday, police said.
St. Thomas police began an investigation in September when a business that wasn’t identified by police reported several fraudulent transactions.
The business received an email from what it thought was one of its vendors that said the vendor’s payment system and account information had changed. New information was provided, police said.
A short time later, the owners were made aware of several fraudulent transactions and reported them to the police. Losses totaled about $140,000, police said.
The 32-year-old Ajax resident was released on an undertaking with a future court date.
The Canadian Anti-Fraud Center advises businesses to be wary of changes to email addresses and payment information and to confirm details over the phone before sending large amounts of money.
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Investor loses $110,000 in investment scam
A St. Thomas resident is out about $110,000 in an investment scam.
The resident contacted police Wednesday to report a company managing their investment portfolio couldn’t be reached and had cut off communication, St. Thomas police said.
Other investors using the same company were in a similar position, police said, without indicating the number of customers and whether they lived in the St. Thomas area.
The name of the company and its location were not disclosed by police and the case remains under investigation.
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