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Toronto resident lost over $200,000 in investment scam: police

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A 24-year-old man has been arrested after a Toronto resident lost over $200,000 in an alleged investment scam that impersonated a global investment company.

FILE - A Toronto Police Service logo patch is shown in Toronto, on Tuesday, Sept. 5, 2023. THE CANADIAN PRESS/Spencer Colby

When the victims clicked on the ad, they were brought to fraudulent investment comparison sites, where they were prompted to enter their name, telephone number, and email address.

 

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