Ring of five arrested for alleged gold bullion fraud

TORONTO – A ring of four men suspected of a gold bullion fraud in the Greater Toronto area was arrested last week by the Toronto Police Service Financial Crimes Unit.

The scheme allegedly centered on fraudulent transfers of funds from one business account to another business account.

The funds were then used to finance money transfers to purchase nine kg of gold bullion valued at $528,000 from a local precious–metal dealer. The accused are also suspected of unsuccessfully attempting to purchase an additional $628,000 worth of gold bullion.

Four of the suspects were arrested on October 3. They are Oleskdandr Boguslavskyi, 46, and Igor Muraru, 50, both of Toronto, and Henry Blouin,64, of Mississauga.

The fourth suspect Alex Gopalako,42, of Thornhill was arrested on October 5.

A fifth suspect is still wanted.

Anyone with information is asked to contact police at 416-808-7300 Crime Stoppers anonymously 416-222 TIPS(8477), online at www.tips.com text TOR and your message to CRIMES (2746370, or Leave a tip on Facebook.

Copyright 2009-2014, Vancouverite News Service.

Posted by on Oct 8 2011. Filed under Canada, Community, Health, More News, Top Stories. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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