In April, Guelph Police opened a drug trafficking investigation, that led to a search of a Gordon Street address.
There, police seized a stolen SUV, over $4,300 worth of drugs, including meth, cocaine, oxy, marijuana, and cannabis resin, and almost $1,900 in cash.
Two men, 49 and 21, and a 42 year old woman now face a total of 63 charges.
Police refer to it as a “bust out fraud”, and think one dinged a Guelph financial institutions for about $125,000.
Someone opens a bank account and makes large deposits, usually with counterfeit cheques.
Then there is a quick withdrawal of the funds, or the money is spent on things like jewelry or electronics: items that are ease to sell or fence.
A 56 year old Guelph man faces 5 counts of Fraud, and Laundering the Proceeds of Crime.
And Tuesday afternoon, a staff member of a financial institution on Stone Road, became suspicious of a woman, who was trying to open an account.
A 25 year old Scarborough woman is charged with fraud, 2 counts of identity theft, possession of identity documents and uttering a forged document.