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.
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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.