Another day, another real estate scam. Police from the Region of Peel are seeking the public’s help in identifying and locating a handful of suspects allegedly involved in a surprising real estate scam.
Peel police issued a press release on Friday detailing the alleged crimes.
Between June 2022 and October 2022, four suspects allegedly masterminded a real estate scam in the Greater Toronto Area (GTA) using fake identification. It is believed that the suspects rented multiple properties in the GTA using this fraudulent identification. But they didn’t stop there.
In one case, after a property was empty, the suspects assumed the property owner’s identity, opened accounts under their name, sold the property, and deposited money into these fraudulent accounts. In another instance, the suspects once again took over the property owner’s identity, opened accounts under their name, took out a second mortgage on the property, and deposited the cash into