A Barrie man has been arrested for allegedly duping someone out of more than a thousand dollars in a fake gold scam.
Darren Ceccanese from Orillia purchased the advertised one-ounce gold bar from a seller on a Facebook page for $1,200. The phony bar was actually worth about 25 cents.
The bar appeared to be wrapped and certified by the Royal Canadian Mint.
Ceccanese purchased the bar in December and contacted police after confirming it was a counterfeit.
A 49-year-old Barrie man was identified by investigators on Thursday and arrested. He has been charged with fraud under $5,000.
He appeared in court on Friday.
Read the full story over at CTV News.
This story was summarized by Canadian Fraud News Inc.
Devin Jones is the head writer and social media producer at Canadian Fraud News. Devin was raised in Toronto and is a graduate of the Ryerson University journalism program. As a former Digital Media editor at the Ryerson Review of Journalism, you can find Devin camera and coffee in hand, at his home photo studio.