Man, 70, accused of defrauding Yorkville residents of $605K

A 70-year-old man is facing fraud charges after being accused of defrauding several Yorkville residents of more than $600,000.

Police say the man, who frequented the affluent Toronto neighbourhood, portrayed himself as a prominent businessman and investment broker between February 2012 and August 2013.

He convinced people to invest in his company and allow him to invest on their behalf, defrauding them of $605,000.

He was the sole owner of the companies. Police believe there may be more victims.

Last Thursday, Albert Rosenberg of Toronto was arrested and charged with four counts of fraud over $5,000. He made a court appearance at College Park on Friday.

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