TORONTO – A 70-year-old man is facing charges after police say numerous residents of an affluent Toronto neighbourhood were defrauded of more than $600,000.
Police allege that between February 2012 and August of this year, a man frequented the Yorkville area and portrayed himself as a prominent businessman and investment broker.
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Police say the man convinced his victims to invest in his company, or allow him to invest on their behalf, and numerous victims were defrauded of about $605,000.
The man is alleged to be the sole owner of the companies, which did not have any other employees.
Albert Allan Rosenberg of Toronto faces four counts of fraud over $5,000.
Police say there may be more victims and anyone with information is asked to contact investigators.
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