Toronto police say they have indicted four people allegedly involved in an “organized hierarchy” of committing millions of dollars worth of identity theft and fraud.
Police say a year-long investigation led them to identify a chain of people involved in the alleged scheme, including identity thieves and manufacturers and distributors of counterfeit identification.
They allege that the suspects stole the identities and personal banking information of the victims and then used that information to create fraudulent identifications.
Those IDs were then used to enter financial institutions to take over accounts.
York police recover 28 stolen vehicles worth more than $ 1.5 million
Police say three suspects were arrested in early September and a fourth later that month.
The suspects, who are between the ages of 25 and 46, collectively face nearly 100 charges, including identity theft, fraud and conspiracy to commit an actionable crime.
Police say they seized several items as part of the investigation, including a Porsche Panamera.
They say investigators also uncovered a company allegedly involved in the distribution of fraudulent gift cards.
The investigation into that alleged operation continues and police say there may be more arrests and charges.
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