UPDATE: On Aug. 8, 2022, Fadaie was convicted of one count of obtaining something under false pretences but had six fraud charges that were laid against him withdrawn.
A man has been arrested and charged for allegedly defrauding Edmonton residents of more than $300,000.
Edmonton police said it was reported to them that a 45-year-old man from Brockville, Ont., had allegedly performed a number of cheque and investment frauds between August 2014 and December 2015 involving five people from Edmonton, a local business and a financial institution.
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The Edmonton Police Service economic crimes section began investigating the case in August 2017.
Police said Farid Fadaie was charged on Feb. 12, 2021 with seven counts of fraud over $5,000.
READ MORE: Edmonton health-care aide charged after seniors defrauded of $500K
Canada-wide warrants were issued in April for the arrest of Fadaie. He was taken into custody in Ontario Wednesday by the Brockville Police Service.
The 45-year-old man will return to Edmonton to appear in court next court over the next week, police said.
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