This article was last updated on April 16, 2022
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As a result of complaints from the public, the Fraud Bureau commenced an investigation into the practices of the suspect, who was a local lawyer until 2010. Based on information received during the investigation, officers allege that the suspect defrauded his clients of millions of dollars.
Investigators allege that the suspect accepted personal funds, entrusted to him by his clients, either to be held in trust or as short term personal loans known as Promissory Notes. The clients discovered that their Promissory Notes were worthless and that their money had disappeared.
To date, the investigation has identified 6 people who have been victimized, for a total loss of over $4.8 Million between 2003 and 2010.
On Friday, October 7, 2011, Richard CHOJNACKI, a 61 year-old resident of Oakville was arrested and charged with Defraud the Public.
Mr. CHOJNACKI was held for a bail hearing.
Investigators believe that there may be other individuals who may have been victimized in the same manner.
I have been learning a lot about fraud in my accounting class. I never want to have to deal with people that are stealing. I don’t know how they have the nerve to do that to their company.