Toronto police say they’ve arrested a man in connection to a Ponzi scheme that took in nearly $1 million.
They say the 66-year-old man portrayed himself as an investor to people he met on social media between 2009 and 2017.
Police say the man allegedly persuaded people to provide up to $500,000 in what he said would be an investment into companies he worked for or owned.
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Police say he allegedly used the money to buy cars, food and other personal items.
Officers arrested the man on Friday and he is facing 18 fraud-related charges.