Northumberland OPP has charged two individuals following what police describe as a complex, long-term investment fraud involving more than $1 million dollars.
Police say they received a complaint in August 2022 reporting significant financial losses. The victim believed they were investing in a legitimate business opportunity.
According to investigators, multiple transactions occurred dating back to 2018, and an in-person meeting related to the alleged investment took place outside Canada.
Following a three-year investigation by the Northumberland OPP crime unit, two men were arrested earlier this month, said police.
Police said Eghosa Iyamu, 51, of Etobicoke, was charged with fraud over $5,000 and possession of property obtained by crime over $5,000.
Gerardo Gentile, 63, of Bradford-West Gwillimbury, faces the same charges, reported OPP.
None of these charges have been proven in court.
Both of the accused are scheduled to appear before the Ontario Court of Justice in Cobourg in March 2026.
Police say the case highlights the growing sophistication of investment fraud schemes, which often involve building trust through ongoing communication and requesting upfront payments tied to promised returns.
OPP reminds residents to be cautious of unsolicited financial opportunities promising quick gains and to verify investment offers through reputable institutions. Suspicious activity can be reported to police or the Canadian Anti-Fraud Centre.
(Written by: Joseph Goden)
