The Toronto Police Service’s Financial Crimes Unit would like to advise the public of an update in a mortgage fraud investigation which is estimated at over ten million dollars.
It is alleged:
– multiple mortgage frauds occurrences have been reported to the Toronto Police Financial Crimes Unit
– police believe that a man has been working with a female mortgage broker, targeting law firms in the Chinese community
– it is alleged that the man has pretended to be a legitimate home owner with fraudulent identification
– the man has been identified with the assistance of the media and the public
A Canada-wide warrant has been issued for Yuansen Fu, 23, of Toronto. He is wanted for:
1. Conspiracy to Commit an Indictable Offence
2. Fraud Exceeding 5000
3. Uttering Forged Documents
He is known to frequently visit Vancouver. He is believed to be armed and dangerous. If seen, do not approach and immediately police.
Investigators are advising the public, especially those in the mortgage and legal professions, to scrutinize all identification and be vigilant in confirming the identities of individuals in real estate transactions.
Be aware of:
– Inconsistent appointments
– Online applications
– Attending meetings at different times then originally agreed upon
– Urgent matters
– Referrals from unknown mortgage brokers
Anyone with information may contact Detective Constable Sean Vande Camp at firstname.lastname@example.org and/or Detective Constable Jeff Dyrkawec at email@example.com, Crime Stoppers anonymously at 416-222-TIPS (8477), online at www.222tips.com, online on our Facebook Leave a Tip page, or text TOR and your message to CRIMES (274637).