Over the past two days, Waterloo Regional Police have announced two recent arrests in connection to long-term fraud investigations in the area.
On Tuesday, police announced the arrest of a 62-year-old Brantford man in connection to a fraud investigation that began in 2018 and occurred at a heavy truck sales firm.
Police say a man forged company documents to make it appear to clients that they were conducted transactions with the business. This enabled him to sell vehicles that were not a part of the business’s normal lineup. In turn, he would collect extra bonuses while also avoiding penalties for selling the items outside of a licensed business.
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The man has been charged with forgery.
On Monday, police announced they had arrested a 43-year-old man, who once lived in Cambridge, charging him with fraud over $5,000 and theft over $5,000.
The case, which began in 2017, was connected to a company that managed condo properties, including securing service contracts and handling finances.
Police say a former employee of the firm “fraudulently obtained funds from several of the condominium corporate accounts, which resulted in hundreds of thousands of dollars in losses.”
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Police say five condos were victimized resulting in losses of more than $500,000.
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