Toronto police are investigating Randolph Aquino, from Markham, Ont., who allegedly laundered proceeds derived from a romance fraud scheme.
According to police, between September 2016 and February 2017, the 46-year-old contacted female victims on dating websites including match.com, ourtime.com and chemistry.com.
The victims were misled to believe that they were involved in a relationship with a wealthy person who was victim of unforeseen circumstances in a foreign country.
Three victims were tricked into wiring over $1 million USD to a business account controlled by Aquino.
The transferred funds were supposed to provide emergency assistance to Aquino. Investigators believe he may have fled to the Philippines.
He is currently wanted for possession of proceeds of crime over $5,000 and laundering proceeds of crime.
Read more at Toronto Police
This article is summarized by Canadian Fraud News Inc.
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.