What began as a promise to help secure financing quickly turned into a costly lesson for a Guelph resident. Police say fraudulent cheques were deposited and withdrawn before the bank flagged them \u2013 leaving the victim responsible for the loss.<\/p>\n
A Brampton man has been arrested after a Guelph man was defrauded of more than $31,000.<\/p>\n
Last summer, the victim was introduced to the suspect through a mutual friend. The victim was interested in applying for a business loan and the other man offered to help with the process.<\/p>\n
The two set up a registered company and opened a company bank account. During this process the victim provided information including his banking details and social insurance number.<\/p>\n
In December, two unknown individuals deposited a number of fraudulent cheques into the account and immediately withdrew the funds before the cheques were returned, leaving the victim\u2019s account with a negative balance of more than $31,000.<\/p>\n
When the victim confronted the suspect he stopped responding.<\/p>\n
On Monday a 33-year-old Brampton man was arrested for fraud over $5,000. He will appear in court June 2. (Occurrence number GU26015580)<\/p>\n","protected":false},"excerpt":{"rendered":"What began as a promise to help secure financing quickly turned into a costly lesson for a Guelph…\n","protected":false},"author":2,"featured_media":530554,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194339],"tags":[51759,49,48,208193,1050,149153,208194,208195,208196],"class_list":["post-530553","post","type-post","status-publish","format-standard","has-post-thumbnail","category-brampton","tag-brampton","tag-ca","tag-canada","tag-city-of-guelph","tag-community","tag-guelph","tag-guelph-community","tag-guelph-police","tag-guelph-police-service"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/530553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=530553"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/530553\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/530554"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=530553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=530553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=530553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}