Charges against Toronto real estate agent stayed in fraud investigation
Posted October 24, 2019 1:59 pm.
Last Updated July 11, 2023 5:06 pm.
UPDATE: The Ontario Ministry of the Attorney General confirmed that all charges in relation to this case were stayed against both individuals in early 2021.
A Toronto real estate agent is facing numerous charges after police allege he made counterfeit deposits valued at nearly $3 million.
Investigators say they became aware of the alleged scheme on Oct. 2, 2019.
Police allege that a man who owned and operated Grange Real Estate Inc. Brokerage deposited $2.9 million worth of fake deposits in August 2018.
Police say the man then visited several different bank branches and transferred portions of the money to different accounts, and also made credit and bill payments.
On Oct. 16, members of the Financial Crimes Unit arrested the man.
He’s facing charges of fraud over $5,000, attempt fraud over $5,000 and utter forged document.
Police say while executing a search warrant they also discovered a large quantity of narcotics.
The man and a woman were also charged with drug possession and possession for the purpose of trafficking.
