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Man arrested for selling fake vehicle insurance, Alexandr Chertin, 73, Police believe there may be more victims

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On Tuesday, October 28, 2014, investigators from Financial Crimes executed three search warrants in the following areas:

- Berry Road and Stephen Drive
- Finch Avenue West and Dufferin Street
- Finch Avenue West and Norfinch Drive

It is alleged that:

- a man, 73, sold counterfeit insurance cards, known as "pink slips"

- he collected monthly instalment cash payments from victims

- he is not a licensed insurance broker, nor affiliated with any company

- a significant number of victims continue to operate their motor vehicles under the belief that they are insured, when they are not

- several accident claims have been filed by victims who believe they are insured

- numerous insurance companies have paid out over $1,000,000 to cover the claims of victims who believe they were insured

Alexandr Chertin, 73, of Toronto, has been charged with:

1) two counts of Defrauding the Public Over $5,000
2) two counts of Fraud Over $5,000
3) two counts of Uttering a Forged Document

He is scheduled to appear in court at Old City Hall on Tuesday, November 25, 2014, 10 a.m., room 111.

Police believe there may be many more victims.

Anyone with information is asked to contact police at 416-808-2222, Crime Stoppers anonymously at 416-222-TIPS (8477), online at www.222tips.com, text TOR and your message to CRIMES (274637), or Leave A Tip on Facebook. Download the free Crime Stoppers Mobile App on iTunes, Google Play or Blackberry App World.


For more news, visit TPSnews.ca.

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