Chathman man pleads guilty to one count of fraud over $5,000 takes seniors for millions

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A Chathman business man pleaded guilty to one count of fraud over $5,000 in connection with taking nine elderly people for more than one million dollars.

Richard Mahon pleaded guilty to one count of fraud over 5,000 and one count of criminal breach of trust in a Chatham courtroom.

The 70-year-old was facing multiple charges of fraud and breach of trust two years ago following a lengthy fraud investigation which began in 2014 after a woman contacted Chatham police.Investigators discovered the owner of Ric Mahon Financial and Tax Back Ventures was using money given to him as a financial investor for personal use.

Authorities determined it was a practice which started as far back as 2006 and some of the victims were in their nineties.

Read the full story over at CTV News.

This story was summarized by Canadian Fraud News Inc.