OPP charge man after six million dollar investment fraud in North Bay
The OPP's Anti-Rackets Branch (ARB) Economic Crimes and Corruption Unit investigated the case after North Bay OPP received the initial complaint in 2018
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The Ontario Provincial Police (OPP) Anti-Rackets Branch (ARB) Economic Crimes and Corruption Unit has laid charges in a multi-jurisdictional fraud investigation.
In July 2018, the North Bay OPP Detachment received several fraud complaints in relation to a $6 million-dollar syndicated mortgage investment into BioNorth Technology Real Estate Ltd (2423704 Ontario Inc.), also operating as the BioNorth Tech Group.
In January 2019, the OPP’s ARB Economic Crimes and Corruption Unit assumed the investigation due to its complex and multi-jurisdictional nature.
As a result of the investigation, police charged one person under the Criminal Code in connection with the investigation.
A 59-year-old man of Concord, Ontario, has been charged with the following offences: Fraud over $5,000, false pretences, use of a forged document.
The accused was arrested on March 13, 2024, and was subsequently released from custody and is scheduled to appear before the Ontario Court of Justice in North Bay on April 30, 2024.
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