Edmonton police charge man in alleged $300K cheque scam

Edmonton police badge, September 26, 2010. The Canadian Press Images/Francis Vachon. The Canadian Press Images/Francis Vachon

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.

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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.

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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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