Toronto man charged in alleged multimillion-dollar investment fraud: York police

Police say a 40-year-old Toronto man is facing fraud charges in an alleged multimillion-dollar investment scam.

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.

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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 are now releasing his name and image because they suspect there may be more victims.