A nation-wide arrest warrant has been issued for a husband and wife, police allege, who are believed to be operating a million-dollar investment scam.
Issued by Alberta RCMP, police say the arrest warrant for Fernando Honorate de Silva Fagundes, 65, and Emilia Alas-As Elansin, 40, both of no fixed address, was issued following a complex investigation.
Police believe the two operated a fraudulent investment company, Family First Dynasty, in Millarville, Alta.
The two have been charged with the following:
- Fraud over $5,000
- Theft over $5,000
- Laundering the proceeds of crime
Alberta RCMP have published a YouTube video regarding the investigation.
Involved in the investigation was the RCMP’s Integrated Market Enforcement Team (IMET).
“IMET’s investigation uncovered a scheme that allegedly defrauded clients out of their finances and resulted in more than one million dollars lost by victims,” RCMP said in a press release.
Police said Fagundes allegedly operated…
