Toronto real estate agent arrested after allegedly making $2.9M in counterfeit deposits

Oct 24 2019, 12:07 pm

A Toronto real estate agent is now facing numerous charges after he allegedly made counterfeit deposits valued at nearly $3 million.

Police say they became aware of the large-scale bank fraud on October 2 and allege that a man who operated Grange Real Estate Inc. Brokerage deposited $2.9 million worth of fake deposits in August 2018.

Following the deposits, several transactions involving transfer, credit, and bill payments were made at several different bank branches.

On October 16, members of the Financial Crimes Unit arrested 50-year-old Dwight Grange. He’s now facing charges of fraud over $5,000, attempted fraud over $5,000, and utter forged document.

Additionally, while executing a search warrant, police say they discovered a large quantity of narcotics.

Grange and a 49-year-old woman by the name of Amanda Milward were also charged with drug possession and possession for the purpose of trafficking.

Anyone with information is asked to contact police.