The Toronto Police Service would like to make the public aware of an update to an arrest in a Fraud investigation.
It was alleged that:
- a woman, acting as a lawyer on behalf of the Centrust Group, completed purchase-and-sale agreements for pre-construction condominiums at 5220 Yonge Street
- the purchasers provided the woman with deposit cheques for the purchased condominium units, pending the completion of the project
- the project was cancelled and the woman did not return the deposits to the purchasers
- the amount lost by the purchasers, to date, is in excess of $2 million
Meerai Cho, 63, of Toronto, was arrested. She was charged with:
1) 25 counts of Fraud Over $5,000
2) 25 counts of Possess Property Obtained by Crime (over)
3) 25 counts of Breach of Trust
On Wednesday, February 22, 2017, in court at 1000 Finch Avenue West, Meerai Cho, 66, pleaded guilty to Criminal Breach of Trust. She was sentenced to 3.5 years custody.
Police would like to remind victims in this case, who have not already done so, to immediately contact the The Law Society of Upper Canada compensation fund.
Please download the Toronto Police Service Mobile App for iOS or Android.
For more news, visit TPSnews.ca.
It was alleged that:
- a woman, acting as a lawyer on behalf of the Centrust Group, completed purchase-and-sale agreements for pre-construction condominiums at 5220 Yonge Street
- the purchasers provided the woman with deposit cheques for the purchased condominium units, pending the completion of the project
- the project was cancelled and the woman did not return the deposits to the purchasers
- the amount lost by the purchasers, to date, is in excess of $2 million
Meerai Cho, 63, of Toronto, was arrested. She was charged with:
1) 25 counts of Fraud Over $5,000
2) 25 counts of Possess Property Obtained by Crime (over)
3) 25 counts of Breach of Trust
On Wednesday, February 22, 2017, in court at 1000 Finch Avenue West, Meerai Cho, 66, pleaded guilty to Criminal Breach of Trust. She was sentenced to 3.5 years custody.
Police would like to remind victims in this case, who have not already done so, to immediately contact the The Law Society of Upper Canada compensation fund.
Please download the Toronto Police Service Mobile App for iOS or Android.
For more news, visit TPSnews.ca.