poirot
30 December 2011, 00:26
Toronto financial crimes unit identifies most-wanted
CTVNews.ca Staff
Friday December 9, 2011
A bookkeeper accused of writing company cheques to herself, an alleged food franchising scammer and an implicated member of a stolen credit card ring are among a short-list of people with a dubious new distinction: Toronto's most-wanted financial criminals.
The list, released on Friday, was part of a new effort by the Toronto Police force's financial crimes unit to reach out to the public through the Internet. Although two of its so-called top ten appear to have already been arrested, the remaining eight on the lam are:
Kam Cheung Chan, alleged to have been part of an elaborate scheme to defraud financial institutions of approximately $3.7 million through fraudulent mortgage applications and lines of credit
Adeyemi Ilubinuade, alleged to be an intricate member of a group of individuals in a stolen credit card ring. Financial institutions reported they were exposed to an estimated $2.7 million in fraudulent transactions
Richard Burton, alleged to have solicited investors to finance various food vending franchises but did not comply with his obligations to the investors. Total loss: $550,000
Balamuguntham Sambasivam, alleged to have received $883,000 from a fraudulent bank transaction, then transferred the money to gold and foreign exchange companies
Marie Wima Ladores, a bookkeeper who is alleged to have wrote company cheques to herself instead of writing them to pay her employer's business expenses, leaving her employer with a loss of $582,000
Khemrej Hardat, alleged to have secured two loans with CIBC against his property totalling $620,000, then uttered forged CIBC documents to a lawyer indicating that the loans had been paid off. He then directed the lawyer to discharge the loans against the property.
Celestine Ulasi, alleged to have duped a victim out of $380,000 after promising an award of US$25,780,300
Ventzislava Mladenovitch, alleged to have been involved in an ongoing scheme to defraud the RBC by installing tamper devices at bank machines in the GTA. responsible for losses of approx. $170,000
The unit also updated its website and plans to beef up its use of social media, it said in a release.
The new page also features crime prevention tips aimed at helping people recognize frauds and scams, and learn to better protect themselves and their money.
A recent rise in financially-driven crime prompted the new strategy, Toronto police say.
Wanted Poster PDF document: http://www.torontopolice.on.ca/financialcrimes/fcu_most_wanted.pdf
Story Here (http://m.ctv.ca/topstories/20111209/toronto-police-list-financial-criminals-111209.html)
CTVNews.ca Staff
Friday December 9, 2011
A bookkeeper accused of writing company cheques to herself, an alleged food franchising scammer and an implicated member of a stolen credit card ring are among a short-list of people with a dubious new distinction: Toronto's most-wanted financial criminals.
The list, released on Friday, was part of a new effort by the Toronto Police force's financial crimes unit to reach out to the public through the Internet. Although two of its so-called top ten appear to have already been arrested, the remaining eight on the lam are:
Kam Cheung Chan, alleged to have been part of an elaborate scheme to defraud financial institutions of approximately $3.7 million through fraudulent mortgage applications and lines of credit
Adeyemi Ilubinuade, alleged to be an intricate member of a group of individuals in a stolen credit card ring. Financial institutions reported they were exposed to an estimated $2.7 million in fraudulent transactions
Richard Burton, alleged to have solicited investors to finance various food vending franchises but did not comply with his obligations to the investors. Total loss: $550,000
Balamuguntham Sambasivam, alleged to have received $883,000 from a fraudulent bank transaction, then transferred the money to gold and foreign exchange companies
Marie Wima Ladores, a bookkeeper who is alleged to have wrote company cheques to herself instead of writing them to pay her employer's business expenses, leaving her employer with a loss of $582,000
Khemrej Hardat, alleged to have secured two loans with CIBC against his property totalling $620,000, then uttered forged CIBC documents to a lawyer indicating that the loans had been paid off. He then directed the lawyer to discharge the loans against the property.
Celestine Ulasi, alleged to have duped a victim out of $380,000 after promising an award of US$25,780,300
Ventzislava Mladenovitch, alleged to have been involved in an ongoing scheme to defraud the RBC by installing tamper devices at bank machines in the GTA. responsible for losses of approx. $170,000
The unit also updated its website and plans to beef up its use of social media, it said in a release.
The new page also features crime prevention tips aimed at helping people recognize frauds and scams, and learn to better protect themselves and their money.
A recent rise in financially-driven crime prompted the new strategy, Toronto police say.
Wanted Poster PDF document: http://www.torontopolice.on.ca/financialcrimes/fcu_most_wanted.pdf
Story Here (http://m.ctv.ca/topstories/20111209/toronto-police-list-financial-criminals-111209.html)