Alberta Mounted Police Say Suspected Investment Scam Couple May Be Hiding in BC, Possibly Kelowna | The Canadian News

A nationwide arrest warrant has been issued for a husband and wife, police allege, who are believed to be operating a million-dollar investment scam.

Issued by the Alberta RCMP, police say the arrest warrant for Fernando Honorate de Silva Fagundes, 65, and Emilia Alas-As Elansin, 40, both without a fixed address, was issued after a complex investigation.

Police believe the two operated a fraudulent investment company, Family First Dynasty, in Millarville, Alta.

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The two have been charged with the following:

  • Fraud over $ 5,000
  • Theft of more than $ 5,000
  • Laundering of proceeds of crime

The Alberta RCMP has published a YouTube video regarding the investigation.

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The RCMP’s Integrated Market Application Team (IMET) participated in the investigation.

“The IMET investigation uncovered a scheme that allegedly defrauded clients of their finances and resulted in more than $ 1 million lost by victims,” ​​RCMP said in a press release.


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Police said Fagundes allegedly operated under the alias Jovan Cavallon, while Elansin used the name Janelle Cavallon.

“Fagundes presented himself as a day trading expert and used an investment course run by another company of his, Day Trading Coach Inc., to approach victims with investment opportunities that were later found to be fraudulent,” he said. police.

RCMP said investors in Alberta and BC allegedly gave Fagundes money, believing it would make them a profit.


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“The investigation showed that Fagundes allegedly obtained approximately $ 1.3 million from the victims and instead of investing the funds, he took the money for his own gain,” police said, noting that Elansin is believed to be responsible for managing the two Fagundes companies.

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Police also said Fagundes is believed to have committed similar scams in Saskatchewan, Ontario, the United States and Portugal.

They added that the two have fled the Millarville area and their current whereabouts are unknown, but that they could be in BC, and possibly in the Kelowna area.

Police describe Fagundes as 5 feet, 9 inches, and 200 pounds, with brown eyes and salt-and-pepper hair.

Elansin is described by police as being 5 feet, 2 inches, and 160 pounds with brown eyes and black hair.


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The Alberta RCMP said its investigation included the collaboration of several organizations, including the Alberta Securities Commission, the Ontario Securities Commission and the US Federal Bureau of Investigation.

If you have any information on the whereabouts of Fagundes or Elansin, or suspect that you are a victim of this particular scam, please contact IMET at 403-699-2434 or the Calgary RCMP by email at CalgaryIMET-EIPMFCalgary @ rcmp-grc. gc.ca.

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