News has it that, two Nigerians believed to be involved in a $10 million fraud ring in Toronto, Canada and they have been arrested by the Police.
According to the police on Tuesday, The two fraudsters lived a “prodigal lifestyle of conspicuous consumption” supported by the proceeds of criminal activities”.
“Thousands of individuals across the greater Toronto area have had their information compromised,” said Detective-Constable Mike Kelly. According to Mr. Kelly, unsuspecting victims have collectively lost an estimated $10 million.
Among the items seized during the investigation include a $10,000 pair of crocodile leather shoes, 37 stolen credit cards, $310,000 worth of wristwatches, $390,000 worth of clothing, jewelry and liquor, $39,000 in cash, hundreds of pieces of stolen mail, and several notebooks containing personal information of at least 5,000 residents of the greater Toronto area.
The evidence was detected on April 24 and Mr. Omitiran turned himself in on April 27 and will face charges of fraud, identity theft, trafficking identity information, possession of credit cards obtained by crime, possession of proceeds of crime, and failure to comply with probation at court on May 19, according to The Star.
Another Nigerian-Canadian, Adedayo Ogundana, 45, was arrested in December 2016 in connection with the same Toronto crime syndicate. He was charged with 12 counts of fraud, identity theft, possession of stolen credit cards, and possession of the proceeds of crime.
The Toronto Sun reports that police have issued an arrest warrant for Duro Akintola, 44, a Toronto local. Emmanuel Salako, 47, is wanted by the U.S. Postal Inspection Service in Chicago for his involvement in the fraud ring.
CREDIT: TORONTO SUN & SAHARA REPORTERs