charges laid following $500000 fraud investigation

CHARGES LAID FOLLOWING $500,000 FRAUD INVESTIGATION
The York Regional Police Major Fraud Unit has charged a 41-year-old man following an investigation
into the misappropriation of funds at a business in the City of Vaughan.
On Wednesday, December 10, 2014, at 10:30 a.m., officers attended a business in Vaughan after
receiving a fraud complaint. The victim reported that he had been defrauded by his financial advisor who
was operating under the business name MT Financial, based in the Town of Richmond Hill. Investigation
revealed that the financial advisor had taken more than $500,000 from the victim’s business and
personal accounts and transferred the funds to his personal benefit. The investigation also revealed that
the suspect was not licenced to be operating in the securities industry in any capacity. The suspect was
identified as Mohamed TAHIR and he was arrested the same day.
The investigation is ongoing and police believe that there may be more victims that have had financial
dealings with the accused. Police are asking anyone with concerns regarding the lawful conduct of
Mohamed TAHIR and his role as their financial advisor to come forward.
Charged:
Charges:


Mohamed “Moe” TAHIR, 41,
Town of Oakville
Fraud over $5,000
Mohamed TAHIR was released from custody on bail on Thursday, December 11, 2014 and is scheduled
to appear at the Ontario Court of Justice in Newmarket on March 5, 2015.
Anyone with information can contact Detective Constable Roger Glendinning #560 of the York Regional
Police Major Fraud Unit at 1-866-876-5423, ext. 6619, Crime Stoppers at 1-800-222-TIPS, leave an
anonymous tip online at www.1800222tips.com, or text your tip to CRIMES (274637) starting with the
word YORK.
Prepared by: Constable Andy Pattenden
February 9, 2015
14-347527