{"id":763749,"date":"2026-06-27T02:15:12","date_gmt":"2026-06-27T02:15:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/763749\/"},"modified":"2026-06-27T02:15:12","modified_gmt":"2026-06-27T02:15:12","slug":"brampton-man-charged-in-alleged-1-4-million-ponzi-style-investment-scheme","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/763749\/","title":{"rendered":"Brampton man charged in alleged $1.4 million Ponzi-style investment scheme"},"content":{"rendered":"<p>A 62-year-old Brampton man is facing half a dozen charges in what police say was a Ponzi-style investment scheme that defrauded elderly victims of $1.4 million. <\/p>\n<p>Police in Peel Region allege that in 2017, several victims invested money with a man and his company, BLM Canada Corporation, under the belief that he was a successful mortgage broker. <\/p>\n<p>\u201cInvestors were told their funds would be used in private mortgages, a condominium development and a legal trust, with returns guaranteed,\u201d investigators said in a release. <\/p>\n<p>While some of those who invested did receive some money, police allege the investments were not legitimate and were funded using money from other investors, creating the illusion of returns. <\/p>\n<p>Investigators say victims of the scheme were defrauded of approximately $1.465 million.<\/p>\n<p>Navdeep Boparai, 62, was arrested on May 26 and charged with two counts each of fraud over $5,000, possession of property obtained by crime, and laundering the proceeds of crime. <\/p>\n<p>He is scheduled to appear in court on June 29 to answer the charges. <\/p>\n<p>Police say they believe there may be other victims, and anyone with information is asked to contact investigators.<\/p>\n<p>\t\tKeep it Factual<\/p>\n<p>Add CityNews Toronto as a trusted source on Google to see more local stories from us.<\/p>\n<p>\t\t<a href=\"https:\/\/www.google.com\/preferences\/source?q=toronto.citynews.ca\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n\t\t<img loading=\"lazy\" decoding=\"async\" class=\"add-trusted-source-badge\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/05\/google-trusted-badge.png\" alt=\"Add as a preferred source on Google\" width=\"198\" height=\"63\"\/><br \/>\n\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"A 62-year-old Brampton man is facing half a dozen charges in what police say was a Ponzi-style investment&hellip;\n","protected":false},"author":2,"featured_media":763750,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194339],"tags":[51759,49,48],"class_list":["post-763749","post","type-post","status-publish","format-standard","has-post-thumbnail","category-brampton","tag-brampton","tag-ca","tag-canada"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/763749","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=763749"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/763749\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/763750"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=763749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=763749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=763749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}