Arabnews24.ca:Friday 27 January 2023 05:41 PM: Three people have been charged after they allegedly sold a house in Toronto that they didn't own and tried to collect the proceeds.
In a news release on Friday, Toronto police say they have charged a Markham woman, 41, and two Toronto men, both 22, in a title fraud scam investigation.
The woman has been charged with fraud over $5,000, possession of proceeds obtained by crime over $5,000, laundering proceeds of crime, personation with intent to obtain property and uttering a forged document. The men have both been charged with fraud over $5,000.
All three are due in a Toronto courtroom on Monday.
According to police, the two men and a woman pretended to be the owners of a Toronto property in January 2023 while the real owners were out of the country.
"The men and woman initiated the sale of the home by fraudulent means. The home was sold and the proceeds from the sale were collected by the men and woman," police said in the news release.
Investigators from Toronto police's financial crimes unit became aware of the "suspicious transaction" and began to investigate.
Police allege the trio went to a bank in York Region to withdraw funds from the sale of the home on Thursday.
With the help of York Regional Police, they were arrested while trying to withdraw the money. The financial crimes unit then charged the three.
Police said the investigation is ongoing and that there may be more victims.
Anyone with information is asked to contact police at 416-808-7300.
