RCMP Alert: Two Financial Crime Fugitives Arrested in Ontario

Two wanted individuals arrested on Canada-wide warrants

Two men wanted on Canada-wide warrants for serious financial crime allegations have been arrested in Algonquin Highlands, Ontario. The RCMP Federal Policing Northwest Region Integrated Market Enforcement Team (IMET) in Calgary, working with the Ontario Provincial Police (OPP), took the suspects into custody after they were located during an unrelated police call in the region.

On May 26, 2026, officers from the OPP Haliburton Highlands Detachment encountered two individuals, aged 44 and 70, who were subsequently identified as subjects of outstanding warrants issued in November 2021. Both were arrested without incident, remanded into custody, and transported back to Alberta to face charges tied to an alleged multi-million-dollar investor fraud.

Alleged $5 million investor fraud and related charges

The active warrants originate from an IMET investigation into an Alberta-based day trading company. Investigators allege that, between January 2019 and December 2020, nearly $5 million of investor funds were improperly used or diverted. Each accused individual is facing multiple Criminal Code charges related to these alleged activities.

According to the RCMP, the following charges have been laid against each accused:

• Laundering proceeds of crime over $5,000, contrary to section 462.31 of the Criminal Code;
• Fraud over $5,000, contrary to section 380(1)(a) of the Criminal Code;
• Theft, contrary to section 334(a) of the Criminal Code.

The 70-year-old accused is scheduled to appear in the Alberta Court of Justice in Calgary on June 22, 2026. The 44-year-old accused is scheduled to appear before the same court on June 24, 2026.

The RCMP credits the successful arrests to cooperation between multiple agencies, including the Ontario Provincial Police, Ontario’s Ministry of the Attorney General, the Alberta Crown Prosecution Service – Appeals and Specialized Prosecutions branch, and the Alberta Sheriffs.

How to report fraud, scams, and cybercrime

If you believe you have been targeted or victimized by fraud, investment schemes, or cyber-enabled financial crime, you are urged to contact your local RCMP detachment or your local police service immediately. In Ontario, residents can better understand local trends by reviewing provincial-level data such as the crime statistics in Ontario, which help highlight areas of concern and emerging patterns.

To report scams, fraud, or cybercrime—whether you personally suffered a loss or simply observed suspicious activity—contact the Canadian Anti-Fraud Centre by:

• Submitting a report online through the Online Fraud Reporting System;
• Calling 1-888-495-8501.

Comprehensive reporting helps investigators track organized fraud schemes, protect future victims, and build stronger cases against offenders across Canada.

CrimeCanada.ca safety perspective

From the perspective of CrimeCanada.ca, this case illustrates how complex financial crimes can impact Canadians well beyond the province where the alleged scheme was based. Investment fraud and money laundering often cross municipal and provincial boundaries, affecting victims in smaller communities as well as major urban centres. Access to reliable information, including localized safety data such as the profiles available for places like Bancroft, Ontario crime statistics and safety data, helps residents understand broader crime trends and stay vigilant.

To reduce your risk, be cautious of high-pressure investment pitches, promises of unusually high or guaranteed returns, or requests to move money through unfamiliar platforms or accounts. Always verify that firms and advisors are properly registered, keep detailed records of your transactions, and report suspicious activity promptly. By sharing concerns with law enforcement and national reporting centres, community members play a direct role in disrupting financial crime and protecting fellow Canadians.

Official Source & Community Safety

This safety alert is based on an official release from the Royal Canadian Mounted Police (RCMP). CrimeCanada.ca aggregates and analyzes this data to keep the canada community informed, aware, and safe. We are an independent safety data aggregator and not the original creators of the underlying incident report.

Read the full official release here: RCMP Official Statement.