Sunday, 30 March 2025

Man arrested for fraudulent investment scam with victims losing over $240,000

 https://www.ottawapolice.ca/en/news/man-arrested-for-fraudulent-investment-scam-with-victims-losing-over-240-000.aspx


FOR IMMEDIATE RELEASE: Thursday, March 27, 2025    10:25 am

(Ottawa) —Between December 2023 and September 2024, an Ottawa man ran a fraudulent investment scam, defrauding friends and acquaintances of over $240,000.

The Ottawa Police Service has charged Timothy LAFLAMME, 39, with:

  • Eight counts of Fraud Over $5,000
  • Two counts of Fraud Under $5,000

LAFLAMME allegedly approached each victim and offered them an opportunity to invest with a company that he presented as being a real estate platform, presenting himself as a qualified investor.

LAFLAMME took the victims’ money and used it to cover personal expenses and to invest in cryptocurrency. He appeared in court yesterday.

If anyone has been defrauded by this individual, please contact the Ottawa Police Service Fraud Section. She can be reached at 613-236-1222, extension 5190 or by email at fraud@ottawapolice.ca.

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 Through the Community Safety Data portal data.ottawapolice.ca, members of the public can view, download, and interact with data released by the Ottawa Police Service.

CONTACT:

Media Relations Section                  

Tel: 613-236-1222, ext. 5366

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