June
30, 2006 -- Five Londoners and one former
resident face fraud charges after a probe of 'phoney' offer.
A
version of the Nigerian letter scam, a phoney investment
offer that's bilked greedy people out of billions of dollars,
has apparently migrated to Southwestern Ontario.
Five
Londoners -- including a former math teacher at Laurier
secondary school -- and a man who used to live in London
face fraud charges after OPP investigators uncovered a scheme
that saw people province wide fork over more than $100,000
to access a non-existent "secret" Canadian government
bank account.
"It's
Nigerian letter-type stuff," said London-based fraud
expert Ray Porter.
The
well-known email scam dupes people by selling entry into
a Nigerian prince's hefty bank account.
In
this case, 15 contributors from across Ontario -- many of
them couples from London, Middlesex County, Norfolk County
and Belleville -- handed over thousands of dollars to dip
into the non-existent federal bank account, said OPP Det.
Sgt. Dan Rowbotham.
They
also bought into a phoney "debt elimination program"
that promised to wipe out their money woes and offered bankruptcy
protection, Rowbotham said.
Provincial
government forms usually used to register liens against
loans were illegally used in this scheme -- a tactic Rowbotham
said is highly unusual.
"(They
were told) that they would be protected from bankruptcy,
that their debt would be eliminated, and that they could
access money," Rowbotham said. "If is sounds
too good to be true, it probably is."
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