Guelph man faces charges related to more than $ 80,000 in fraudulent transactions: police – Guelph | The Canadian News

A 58-year-old Guelph man faces charges related to more than $ 80,000 in fraudulent transactions.

Guelph police said the suspect was removed from his post as chairman of a condominium board earlier this year and served documents on his successor.

Later, police said a review of the documents revealed more than $ 42,000 in payments made to vendors that were actually deposited into a private bank account.

Police say a local bank contacted investigators and reported that the same account had received more than $ 40,000 in fraudulent transactions.

After a lengthy investigation, the police said the man is accused of fraud and of having issued a forged document.

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