Guelph man accused of large-scale investment fraud
Source: Andrea Piacquadio/Pexels
A Guelph man is a charged with defrauding victims out of more than $1.4 million.
Waterloo regional police said they began investigating an ongoing investment fraud in March 2023.
Over the next 14 months, and with the help of the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), they identified 23 victims from across Ontario.
The total loss is estimated at $1.4 million.
A 62-year-old man, identified as David Villanueva, was arrested on May 7.
Police said he’s charged with fraud over $5,000, making a false statement in writing and laundering proceeds of crime.
Police believe there may be more victims of Villanueva’s alleged investment scheme. They’re asking anyone with additional information to call 519-570-9777, ext. 6420.
CTVNews.ca Top Stories
'No sign of life' at crash site of helicopter carrying Iran's president
Rescuers on Monday found a helicopter that was carrying Iranian President Ebrahim Raisi, which had crashed in the mountainous northwest reaches of Iran the day before.
Court eases internet restrictions for Sask. man who matched with a 15-year-old girl on Tinder
A Saskatchewan man who had a sexual encounter with a 15-year-old girl he met on Tinder successfully appealed to shorten release conditions barring him from online dating.
Stittsville residents seeking answers as bylaw cracks down on street basketball nets
Stittsville residents on Kearnsley Way are seeking answers after an unusual bylaw crackdown on Friday. Every home with a basketball net received a ticket instructing homeowners to remove their nets from the road.
'A horrible way to start the summer': 3 killed in serious boat crash on lake north of Kingston, Ont.
Three people were killed and five others were injured Saturday night following a boat crash on the Buck Bay area of Bobs Lake, north of Kingston, Ont., the Ontario Provincial Police (OPP) said.
What do we know so far about the mysterious crash of the helicopter carrying Iran's president?
The apparent crash of a helicopter carrying Iran's president and foreign minister on Sunday sent shock waves around the region.
Ex-partner charged with first-degree murder after 55-year-old woman killed in Montreal
Less than 24 hours after Montreal's 12th homicide investigation began, Montreal police confirmed that a 55-year-old woman's death in St. Michel is the island's 13th homicide. The woman's ex-spouse has been charged with first-degree murder.
Walmart, Costco refusing to sign grocery code of conduct 'untenable': industry minister
Industry Minister Francois-Philippe Champagne says it's 'untenable' for 'smaller players' like Walmart and Costco to delay signing on to the government- and industry-led grocery code of conduct, now that industry giant Loblaw has agreed to do so.
VIDEO
VIDEO Born without front legs, this dog has been inspiring the world for 3 years: Dresden farm owner
A sanctuary dedicated to animals with disabilities is celebrating the third birthday of one of its most popular residents.
Toxic drugs circulating in northeastern Ont., police say
Canada’s largest First Nations police service, the Nishnawbe Aski Police Service issued a community safety alert as extremely toxic drugs are likely circulating in many of the communities it serves.
Shopping Trends
The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop. Read about us.
