Three people have been arrested in the scheme that is totaling almost $130,000 in losses for victims.
Detective Constable Robert Brown, 41 Division, said in a phone interview that Doulat Enterpirse, Inc. at 3094 Danforth appears to have been a legal transfer company prior to 2010. At some point during that year though things changed. Allegedly owner Doulat Khan, 58, and two employees were taking money from people who thought that it was being wired overseas. The three suspects were using it for their own gain.
"Victims said that the owner and employees would give them various excuses as to why the money had not been returned," Brown said.
At this time all of the victims are from the Bangladeshi community. Detective Constable Brown said that the police believe that there are more victims and expect that the final total of losses to be much more that the $129,861.78 total they now have.
"Some of the victims have decided not to pursue their case because of the process but we have eight victims so far that have sworn statements. Victims have lost from $500 to $74,000 in this case," Brown stated.
One of the concerns in this case is that many of the victims are immigrants. Often the police have difficulty with people coming forward when they are newcomers to Canada.
"We decided to alert the public on this case so that if there are more victims they would know to come forward to the police," Brown said.
The suspects have some relationship to each other but Detective Constable Brown said he is not releasing any information about that.
Doulat Enterprise, Inc. closed in January 2012 because of non-payment of their rent.
On April 3, 2012 Toronto Police arrested three people.
Doulat Khan, 58, of Toronto was charged with six counts of fraud over $5,000, four counts of fraud under $5,000 and laundering proceeds of crime.
Amanot Khan, 55, of Toronto was charged with two counts of fraud over $5,000, fraud under $5,000 and laundering proceeds of crime.
Monjure Leeton Elahi, 42, of Toronto was charged with fraud over $5,000, fraud under $5,000 and laundering proceeds of crime.