It is alleged that:
– the accused portrays himself as an international businessman and venture capitalist,
– he used an online dating service to meet some of his victims and has targeted single women and senior citizens,
– the investigation was initiated when a widowed senior from Vancouver complained she was bilked of her life savings, forced to sell her home and live in a rented apartment,
– police located two women claiming to be engaged to Mr. Sanmugam. The parents of these women have also been identified as victims.
He is known to travel across Canada, including Halifax, Montreal, and the Vancouver area.
There are currently six known victims and a total of approximately $1.5 million in losses.
Police believe there may be more victims.
Arrested is Arvind Kumar Sanmugam, 49, of Toronto.
He is charged with:
1- Two counts of Fraud Over,
2- Fail to comply,
3- Revocation of Bail,
4- Criminal Breach of Trust.
He is scheduled to appear in court at College Park on Monday, September 13, 2010, in the afternoon.