Windsor (January 30, 2020) – The Windsor Police arrested two suspects in connection with a bad cheques scheme. The accused man and woman allegedly defrauded a local financial institution by depositing three fraudulent cheques in total worth over $ 1 million and withdrawing money before the cheques bounced. On January 23 and 24, the Windsor police arrested the duo. They each have been charged with fraud over $5,000. The Financial Crimes Unit is continuing to investigate the case.
As a result of a fraud investigation into a bad cheques scheme, the Windsor police arrested two suspects on January 23 and 24, according to a press release. The Financial Crimes Unit launched the investigation in January 2020 after a Windsor financial institution reported a suspected fraud.
The $1 million bad cheques scheme
The financial institution reported that three fraudulent cheques were deposited into local ATMs. The worth of the bogus cheques amounted to more than $1 million. Thereafter, a portion of the funds was withdrawn and transferred from an account before the cheques bounced.
‘No individual persons are believed to have been victimized in this case and the financial institution involved is believed to be the sole victim,’ stated the police in their press release.
Investigators could determine that the bogus cheques, as well as the transferred and withdrawn money, were related to a Windsor business. Subsequently, the police arrested a female employee of the identified business on January 23 as well as the business owner on the following day. The authorities say both were taken into custody without incident.
The investigation is still ongoing
The duo is accused of defrauding the local financial institution and both have been charged with Fraud Over $5,000. However, the police did not publish their names or the name of the Windsor business connected to the bogus cheques. Both were released on an Undertaking with a future court date.
‘The Windsor Police Service would like to remind the public to regularly check your financial records and never give out your information to untrusted sources. If you believe you have been a victim of a fraud, please contact police,’ stated the press release.
The Financial Crimes Unit is continuing to investigate the case. Anyone with information is asked to contact Windsor Police at 519-255-6700 ext. 4330, Crime Stoppers anonymously at 519-258-8477 (TIPS) or online at www.catchcrooks.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.