Brampton man charged with fraud, money laundering
PUSLINCH – A Brampton man has been arrested in connection with a fraud investigation.
Wellington County OPP officials say police started an investigation into an investment scam involving a victim in Puslinch Township last October.
“The victim lost approximately $500,000,” police stated, adding that after further investigation police “discovered evidence of money laundering.”
On March 27 at about 7:15am, Wellington OPP officers executed a search warrant at a residence in Brampton, with assistance from Grey-Bruce and Huron-Perth officers.
“The search resulted in the seizure of a large sum of Canadian currency, high end clothing and purses, several electronic devices and personal documents,” police stated.
Basit Balogun, a 29-year-old from Brampton, was charged with: fraud (over $5,000), laundering the proceeds of crime and possession of proceeds of property obtained by crime (over $5,000).
