Three arrests announced in investment scam investigation
PUSLINCH – Police have announced three more arrests in connection with a 2025 fraud investigation.
An investigation was launched last October after a Puslinch resident was bilked out of $500,000 in an investment scam.
Wellington County’s Community Street Crime Unit discovered evidence that money was being laundered, a police news release states.
In March, police executed a search warrant at a Brampton residence and seized money, luxury clothing and accessories, electronic devices and personal documents, according to the release.
Initially police charged Basit Balogun, a 29-year-old Brampton man, with money laundering, possession of property obtained by crime and fraud.
More arrests came after.
On April 16, Olufunmi Ogunbayo, 34, of London, was charged with possession of property obtained by crime and money laundering.
This month, two more warrants were executed.
Samuel Owoade, 28, of Vaughn, was arrested and charged on Sept. 4 with money laundering, possession of property obtained by crime and fraud.
And on Sept. 8, Babtunde Ogunbayo, 31, of London, was arrested and charged with money laundering and possession of property obtained by crime.
Anyone with information in relation to the investigation can call the OPP at 1-888-310-1122. To remain anonymous, call Crime Stoppers at 1-800-222-8477 or submit a tip at csgw.tips.
