Investigators say the scammers collectively defrauded seven women of more than $2 million.
The investigation by the RCMP’s federal serious and organized crime unit spanned over 24 months.
Intelligence-based policing was used throughout the investigation involving a series of surveillance operations and numerous interviews.
RCMP acquired several judicial authorizations to investigate more than 50 Canadian bank accounts.
Two people have already been arrested and charged — Austin Newton, 28, and Kelvin Awani, 25. Both have appeared in court.
RCMP are still looking for Jonah Eigbuluese, 23, Clinton Newton, 27, and Joshua Ometie, 25.
All five men charged lived in Regina at some point.
Anyone with information is asked to contact RCMP at 306-310-7267 or Crime Stoppers at 1-800-222-8477.