North Bay OPP obtained complaints a couple of $6-million syndicated mortgage funding into BioNorth Tech Group in 2018, police say
A 59-year-old man from Harmony, in Vaughan, faces a number of fraud-related charges following a multi-jurisdictional investigation led by the Ontario Provincial Police anti-rackets department (ARB) financial crimes and corruption unit.
In July 2018, North Bay OPP obtained a number of fraud complaints in relation to a $6-million syndicated mortgage funding into BioNorth Expertise Actual Property Ltd. (2423704 Ontario Inc.), additionally working because the BioNorth Tech Group, in line with an OPP information launch.
In January 2019, the OPP’s ARB financial crimes and corruption unit assumed the investigation resulting from its advanced and multi-jurisdictional nature.
Because of the investigation, police charged Francesco (Frank) Benincasa with fraud over $5,000; false pretence and use of a solid doc, police stated.
The accused was arrested on March 13 and was subsequently launched from custody and is scheduled to look earlier than the Ontario Court docket of Justice in North Bay on April 30, police stated.
Anybody who suspects they’ve been the sufferer of this or any fraud is urged to contact their native police, the OPP at 1-888-310-1122 or Crime Stoppers anonymously at 1-800-222-TIPS (8477) or ontariocrimestoppers.ca. You can even report back to the Canadian Anti-Fraud Centre’s on-line reporting system or by telephone at 1-888-495-8501. For sources on scams and fraud, go to antifraudcentre-centreantifraude.ca.
