In early 2025, the HRPS Financial Crimes Unit was contacted after an 83-year-old victim invested $750,000 into what he believed to be a PC Financial Guaranteed Investment Certificate (GIC). The investment was made through a fraudulent website, resulting in the victim losing his retirement savings.
During the investigation, detectives also identified a second victim—residing in Alberta—who had lost $250,000 to the same fraudulent website.
Investigators learned that the scam originated in England, where suspects impersonated PC Financial advisors using information taken from LinkedIn profiles to perpetrate the fraud. These suspects worked with the accused, who resides in Ontario, to help receive and transfer the stolen funds overseas.
Police determined that the accused had created a fraudulent corporation, “Intact Global Inc.”, and opened multiple business bank accounts to receive and launder more than $950,000 in victim funds. The accused then transferred the money to England, where it was further dispersed and laundered.
On December 5, 2025, members of the HRPS Financial Crimes Unit arrested and charged Inderjeet Singh, 26, of Brampton.
Charges:
- Fraud Over $5,000
- Possession of Property Obtained by Crime Over $5,000
- Laundering Proceeds of Crime
Singh was released on an Undertaking with a future court date in Milton.
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