Region of Peel (September 27, 2019) – The Peel Regional Police announced on September 26 that Vatsal Khamar is wanted for a half-million-dollar fraud. The man from Toronto allegedly defrauded two victims out of a total of $500,000 in 2016 by conducting an investment scam.
The Peel Regional Police are looking for Vatsal Khamar in connection with a half-million-dollar fraud investigation. The Officers from the Fraud Bureau are currently investigating a fraud scam in which Khamar is the suspect. The 32-year-old man is wanted for four counts of fraud over $5,000 and theft of mail.
In 2016, the accused man from Toronto allegedly encouraged two friends to invest in his real estate business. The two victims reported that they paid Khamar half a million in total. It is alleged that Khamar promised to return the initial investment repeatedly. However, none of the victims had any of their funds returned. Investigators suspect that none of the investments provided to Khamar were used as indicated in the first place and have subsequently concluded that he was conducting an investment scam.
So far, the authorities have not been successful in locating Khamar. Anyone with information on the whereabouts of the suspect is asked to contact investigators at (905) 453-3311 ext. 3335. Anyone who wishes to report information confidentially on this incident may contact D. Slenys at Investigation Counsel PC. Anyone who wishes fraud recovery information on their own case, or wishes to report fraud with whistleblower protection, please contact D. Slenys at 416-637-3151 or firstname.lastname@example.org.
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.