Toronto police say a 39-year-old man is facing charges after what they describe as an investment fraud probe.
They say the man positioned himself as a foreign exchange currency trader between 2011 and 2015.
They allege his company, World of Forex Corp., was never registered to handle investments.
Police say a man who was 32 at the time entrusted him with $395,000 for investment, but the agreements were never fulfilled.
The email you need for the day's
top news stories from Canada and around the world.
The 39-year-old man now faces one count each of fraud over $5,000 and possession of property obtained by crime.
He is due to appear in court next month.
More on Crime
Comments