Occurrence Type: Fraud Over $5000
Occurrence #: BA14033104
Date: Thursday, November 6, 2014 – 10:00pm
On the 6th of November 2014 the Barrie Police Fraud Unit and Asset Forfeiture Unit executed a search warrant on a south end Barrie residence as part of an ongoing investigation. Information gleaned to date has revealed that between 2009 and 2014 numerous victims have been defrauded of several hundred thousand dollars in what is believed to be a Ponzi scheme orchestrated through the use of a bogus business by the name of Trekant Group”. The accused also offered income tax preparation as a means to commit fraud.
A 58 year old male from Barrie has been charged with five counts of Fraud Over $5000.00 and faces a bail hearing on November 7th 2014. The investigation is continuing and police believed that numerous additional victims may not yet be aware of the scheme. Although the accused resides in Barrie