Four arrested after $1.9M cheque fraud investigation in Uxbridge

Three males and one female are facing multiple charges following a $1.9 million cheque fraud investigation in Uxbridge.

On March 16, a female attended a banking institution in Uxbridge and cashed a fraudulent cheque valued at over $1.9 million.

Between March 16 and March 20, the female suspect and three male suspects conducted bank transfers, withdrawals, e-transfers, wire payments, and completed bank drafts to launder and take possession of these funds. The suspects fraudulently obtained more than $890,000 before all funds were frozen.

Following an investigation by the Financial Crimes Unit, all four suspects were located and taken into custody.

A 50-year-old man from Richmond Hill has been charged with fraud over $5,000, utter forged document, launder proceeds of Canadian crime, and possess proceeds obtained by crime over $5,000.

A 28-year-old male, from Wasaga Beach, and a 45-year-old man, from North York, were both charged with launder proceeds of Canadian crime, and possess proceeds obtained by crime over $5,000.

The female suspect, a 30-year-old from Toronto, was charged with possess proceeds obtained by crime over $5,000.

Anyone with information about this incident is asked to call the police at 1-888-579-1520 ext. 5241.