Man wanted in $10M mortgage fraud investigation is ‘armed and dangerous:’ Toronto police

Police say Yuansen Fu, 23, is known to frequently visit Vancouver. Handout / Toronto Police

A Canada-wide warrant has been issued for a man wanted in an investigation into alleged mortgage frauds valued at more than $10 million, Toronto police say.

Multiple mortgage frauds have been reported to police and investigators said they believe a man was working with a female broker targeting law firms in the Chinese community.

The man allegedly pretended to be a legitimate homeowner by using fraudulent identification.

The man was previously identified with the help of the media and the public, police said.

Read more: Toronto police investigating alleged mortgage fraud worth $5 million

On Tuesday, investigators announced that a Canada-wide warrant was issued for 23-year-old Toronto resident Yuansen Fu.

Story continues below advertisement

Fu is wanted for conspiracy to commit an indictable offence, fraud exceeding $5,000, and uttering forged documents.

Police said he is known to frequently visit Vancouver.

“He is believed to be armed and dangerous,” officers added.

If he’s seen, it’s advised that he’s not approached and police are contacted immediately.

Anyone with information is being asked to contact police or Crime Stoppers anonymously.

Sponsored content