REGINA – Police have arrested a Regina man and seized luxury vehicles, RV’s, cash, jewelry, and electronics they say are the proceeds of criminal fraud.
In late 2012 the RCMP received a complaint of suspicious transactions from a Canadian bank. Due to the increasing complexity of what they found, eventually 6 officers worked the case full time.
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During the lengthy investigation, police say they were also able to prevent a $10 million fraudulent deal from taking place.
Police searched a property in the RM of Sherwood, a residence on Bergamont Bay in Regina, and a business on the 1400 block of Scarth Street and seized four luxury vehicles, recreational vehicles, cash, jewelry, electronics and other household items.
30-year-old Tyler William Young has been arrested and charged with several offences including fraud over $5,000, possession of property over $5,000 obtained by crime and laundering proceeds of crime.
Young was scheduled to appear in a Regina courtroom on Thursday morning.
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