Officers began the investigation following a complaint to the employer of the accused, Investment Planning Counsel in Whitby. Several other clients came forward regarding the status of their investments, leading to the arrest of the accused.
Graeme BURNS, age 38, of Bowmanville, is charged with Defraud the Public, Fraud Over $5000 x15, and Utter a Forged Document.
The Investment Planning Counsel continues to participate in the ongoing investigation to ensure their clients are not victimized. It’s estimated the total loss is $1.6 million.