2 Mississauga men charged in $1.1M real estate fraud investigation
OTTAWA — The RCMP has charged two men with fraudulently borrowing more than $1.1 million from their personal contacts.
The police allege Wajid Ali Khan and Nadeem Imtiaz Ahmed of Mississauga, Ont., told their contacts that they were using the money for investment properties in Pakistan.
The charges follow an investigation known as Project Alcazar that began in January 2015 when victims alleged the men defrauded them.
The investigation was led by RCMP National Division’s sensitive and international investigations section.
Khan, 71, faces seven changes, while Ahmed, 48, faces five charges.
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