Toronto-area ‘real estate fraud operation’ leads to ‘significant’ losses for victims: police

A “real estate fraud operation” in the Toronto area that allegedly took place over several years resulted in “significant” financial loss to at least 18 victims, police say.

Peel Regional Police allege in a news release Thursday that between January 2019 and June 2021, two individuals committed fraud related to real estate transactions worth millions of dollars.

Police said the incidents occurred in multiple jurisdictions.

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“A common theme in these events would be victims expressing interest in a property and providing advance payments to suspects, only to later find that the financial commitment was in fact not honored as the transactions were determined. fraudulent in nature,” the statement read.

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Police said 18 people suffered “significant financial loss” and believe there may be more victims.

“Investigators believe there may be more victims in the GTA as the suspects are known to operate in southern Ontario,” police said.

Police said on Wednesday a man and woman from Uxbridge were arrested and charged with multiple counts of fraud, defrauding the public, distributing a false document, breach of trust and theft over $5,000.

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Kenneth Simpson, 77, faces 30 fraud charges and Courtney Wallis-Simpson, 57, faces 84 fraud charges.

They are due in court in Brampton on September 12.

Anyone who believes they have been the victim of a similar incident has been urged to contact the police.

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