Ont. man charged in connection with $20M investment fraud investigation

Police in Ontario have laid prices towards a person who allegedly defrauded dozens of individuals of $20 million.

York Regional Police mentioned 42-year-old Derek Scheinman ran an organization referred to as New Horizons Mortgage Funding Company.

In 2017, police launched an investigation after a girl got here ahead alleging she had fallen sufferer to a mortgage fraud funding rip-off.

All through the investigation, police mentioned they discovered 33 victims, who Scheinman had allegedly defrauded of a complete of $20 million.

Police arrested Scheinman in Barrie, Ont. on July 31. On Friday, investigators introduced he had been charged with defrauding the general public, fraud over $5,000, possession of the proceeds of crime, laundering the proceeds of crime, and falsification of paperwork.

His first court docket look was scheduled for Aug. 9.

Police say that the investigation is ongoing, and urge anybody else who might have been a sufferer to contact them.  

How's the Post?



Comments to: Ont. man charged in connection with $20M investment fraud investigation


Write Story or blog.


Upload Status or Memes or Pics


Upload videos like vlogs.

More Formats

Coming Soon!

My Style

Your profile's Look

My Followers

People who follow you

My Interests

Your Posts Preference

My Bookmarks

Bookmarked Posts

My Following

People you follow


Your profile's Settings


Log out of Rapida

Sign In

Login to your Rapida Account


Create account on Rapida