Two people have been charged in connection with a fraud investigation that police say saw more than $1.8 million laundered through a Toronto renovation company.
Toronto police said in a release that a man and a woman defrauded the public by using a renovation company called Jett Group to launder money they had acquired from criminal activity.
Investigators said the man and woman used financial institutions and money-services businesses to launder the money, with the total amount of frauds currently estimated at $1,878,271.68.
On Thursday, police arrested Jonathan Rowe, 52, and Tracey Graves, 44, both of Toronto.
Rowe has been charged with defrauding the public of over $5,000. possession of the proceeds of crime, laundering the proceeds of crime, failing to comply with an undertaking and 13 counts of fraud over $5,000.
Graves faces three charges — defrauding the public of over $5,000, possession of the proceeds of crime and laundering the proceeds of crime.
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They were both scheduled to appear in a Toronto court on Friday.
Reviews of the company online are consistently negative, with one reported client referring to Rowe as a “scam artist.”
“Warning: DO NOT HIRE Jonathan Rowe or JETT GROUP or any of his other companies either!!!,” one post reads.
“He acts as a construction company then rips off his clients and never pays them back after destroying their homes.”
Anyone with information is asked to contact police at 416-808-7300, Crime Stoppers anonymously at 416-222-TIPS (8477), online at http://www.222tips.com, or by texting TOR and your message to CRIMES (274637).