Through the 1990’s and into the early 2000’s it is alleged the 75 year-old male entered into agreements with his victims stating he could provide them with an investment that would provide a better rate of return on their money then the banks. The victims subsequently invested their money with him. In September 2007, the victims became aware the male had spent their money and therefore he was unable to repay the victim’s invested money.
After interviewing a number of the victims, the police went to arrest the male and learned he had relocated to the United States in late 2007. A warrant was taken out for his arrest and extradition proceedings were commenced. Yesterday, acting on an anonymous tip the 75 year-old had returned to Chatham, police located the male and arrested him on the strength of the warrant. The 75 year-old male will be appearing in bail court this morning at 10:30 am to answer to his charges.