4 charged in $48M fraud investigation involving Ontario firearms distribution business (opens original article in a new tab)

Waterloo Police charged four individuals in a $48-million fraud investigation involving a firearms distribution business. The scheme involved forged documents and fake transactions between 2016 and 2020, resulting in significant financial losses.

• 4 people charged in $48M fraud scheme involving Ontario firearms business
• Alleged fraud involved forged documents and fake transactions between 2016-2020
• Nearly 20,000 fraudulent invoices submitted resulting in $48M losses