Three people are facing fraud charges after an investigation by Guelph police.

Police say they were alerted to fraudulent transactions taking place at various stores in the city on Saturday.

A Cadillac Escalade was suspected in connection with the transactions.

Officers were able to locate the vehicle and arrested three 29-year-old men.

Achim Alcee of Milton, Steven Bordi of Mississauga and a Toronto man are all facing charges of possession of a forged credit card and possession of property obtained by crime.

Police say merchandise and cash worth more than $8,000 were discovered in the Escalade.

This story was updated on Aug. 24, 2015, to remove the name of a Toronto man charged in connection with this case. The charges against this man were dropped in August 2013.