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Man Arrested for $160K Fraud Scheme | Canada News

Man Arrested for $160K Fraud Scheme | Canada News

Published 4 days, 16 hours ago
Description

A Wood Buffalo man accused of swindling over $160,000 from unsuspecting locals is facing multiple fraud charges after a two-year investigation uncovered his elaborate scam. Operating under fake business names like Elite Basketball and Triumph Elite, he lured victims with promises of high-return investments and elite youth sports programs — only to vanish when they sought their money back. One mother lost $11,000 in a clothing scheme and another $3,000 on bogus basketball camps, while the biggest loss hit $87,000. Authorities say no real programs or businesses ever existed. The 36-year-old, Saleem Farhat, is set to appear in court on September 16th.

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