A Toronto area man has been charged with four counts of fraud over $5,000, after taking advantage of an elderly relative.
Toronto police allege that, Nick Cvetas, 49, was entrusted with an elderly relative bank account to help her pay certain bills and manage her finances. But unbeknownst to her Cvetas, between Dec. 1, 2015 and Feb. 5, 2016, allegedly withdrew large sums of money from her account on four different occasions.
“Once she became aware of the unauthorized transactions, she reported the thefts to police,” police said in a news release Wednesday, Oct. 18.
Nick Cvetas, 49, of Toronto, was arrested Oct. 11.
Cvetas has been arraigned and is awaiting a court date.
Read the full story over at InsideToronto.
This story was summarized by Canadian Fraud News.
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.