DURHAM -- Durham police fraud investigators have issued a warning about an investment scam that may have snared local consumers.
The Nevada-based fund Gold Quest, which purported to be a foreign exchange trading company, is actually a front for a large-scale pyramid scheme currently being investigation by securities commissions in Canada and the United States, police said.
Investigators have learned past clients are being contacted and advised they can retrieve funds already invested, along with an extra 10 per cent return on that money in return for an application for a "reloadable credit card."
According to police the company's funds are frozen and clients doing more business with the company may be exposed to further losses.
Anyone in Durham who has been victimized by the scam is asked to contact police at 905-579-1520, ext. 5279, or Crime Stoppers at 1-800-222-8477. Information on the affected companies is available at websites
www.OSC.gov.on.ca and
www.SEC.gov.
Recommend :
Latest News
Man charged in attack on couple back in court Jan. 22OSHAWA -- The case of a man accused of assaulting two women outside an Oshawa elementary school is due back in court later this month. A judicial pretrial session is set Jan...
Hells Angels trial winding downOSHAWA -- Jurors are expected to begin deliberations next week in the case of two Hells Angels accused of conspiring to murder an underworld rival. The trial of Remond Akleh...
Dances to aid Ajax legion, charitiesAJAX -- Canadian troops serving overseas and the Ajax Legion will benefit from an upcoming dance. The Over 30 Dance and Social Club is hosting the event on Friday, Jan. 23...
Carjackings linked, cops sayPICKERING -- Police are exploring the possibility that two recent carjackings were carried out by the same suspects. Durham cops are seeking the public's assistance as they...
Ajax snowplow, car tangleAJAX -- There was minor damage when a car and a Town snowplow bumped against each other Wednesday morning. The incident happened at about 7 a.m. when the plow turned south...
Gun pointed at woman's head in robberyAJAX -- Two teenaged suspects are being sought by police investigating a street level robbery in Ajax in which a woman had a gun held to her head. The 26-year-old victim told...
Residents oppose north Ajax highriseAJAX -- A developer's plan for a 15-storey condominium was received with less-than open arms during an information session on Tuesday. Dunbury Developments is proposing the...
Company hired to help restore St. FrancisAJAX -- A company has been hired to do interior restoration work on the former St. Francis de Sales Church. Rutherford Contracting will be paid almost $104,000 to do the first...
More snow, freezing rain on the wayOSHAWA - Residents should keep shovels handy and snow-blowers tuned up as this latest blast of wintery weather is expected to continue throughout today into the early evening...
Woman forced into van, sexually assaultedOSHAWA -- A woman was sexually assaulted by a man who forced her into his van last Friday in Oshawa. Durham police are seeking assistance in identifying the man, who...