Toronto (February 24, 2020) – The Toronto Police arrested Arash Mahdieh in September 2019 for an alleged investment fraud worth $60,000. The investigation is still ongoing since the police believe there may be more victims. After Mahdieh allegedly defrauded a Toronto woman out of $59,000 in an alleged investment fraud in 2015, he has been charged with Fraud Over $5,000. People, who think they might have become a victim of Mahdieh are encouraged to come forward to the police.
The Toronto police released that Arash Mahdieh from Toronto is investigated for an alleged investment fraud since September 2019. The investigation is ongoing.
Alleged $60K investment fraud
The police stated that a woman met a man in February 2015. He introduced himself as an investor named ‘Are Archer’. Reportedly, the woman believed him and gave him $59,000 to invest. After a while, ‘the woman began to question his legitimacy and confronted the man asking for her money back’, according to the police. The man did not comply and claimed that the money was tied up in the investment.
Toronto police speak of a ‘ruse’, they became involved in, in 2019. They arrested the 38-year-old Mahdieh on September 10, 2019. He has been charged with Fraud Over $5,000 and appeared in court on October 23, 2019. To date, the allegations have not been proven in court.
Police believe there may be more victims
The investigation is still ongoing. While publicly identifying the suspect, the police are concerned that there may be more victims of Mahdieh’s investment scam and encourage them to come forward.
Anyone with information is asked to contact police at 416-808-5200, Crime Stoppers anonymously at 416-222-TIPS (8477), or online at www.222tips.com.
Marina Burghard writes for Canadian Fraud News about fraud-related cases, whistleblower, jurisdiction, identity theft, consumer protection, etc. – essentially about scams and how to protect yourself against this kind of fraudulent criminal behavior. She holds a Master’s degree in Political Science where her interest in criminology grew. Besides fraud, Marina’s scientific interest lies in terrorism, extremism and how to deal with it as a society.