A 58-year-old man from Guelph faces charges in connection with more than $80,000 in fraudulent transactions.
Guelph police said the suspect was removed from his position as president of a condominium board earlier this year and turned over documents to his successor.
Then police said a review of the documents revealed more than $42,000 in payments made to vendors that were actually deposited to a private bank account.
Police say a local bank contacted investigators and reported that same account had received over $40,000 in fraudulent transactions.
Get breaking National news
Get breaking Canada news delivered to your inbox as it happens so you won't miss a trending story.
By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy.
Following a lengthy investigation, police said the man is charged with fraud and uttering a forged document.
- Toronto man flees shootout in stolen rideshare with customer still inside: police
- Salsa on St. Clair festival cancelled in aftermath of deadly shootings
- 2 dead, 4 injured after ‘exchange of gunfire’ in the middle of Toronto street festival
- Toronto police seek 3 suspects after fatal North York shooting
Comments
Comments closed.
Due to the sensitive and/or legal subject matter of some of the content on globalnews.ca, we reserve the ability to disable comments from time to time.
Please see our Commenting Policy for more.