Police say in January of 2015, the Niagara Regional Police Service’s Centralized Fraud Unit launched an investigation after being contacted by a concerned bank manager. The manager contacted police after becoming suspicious that an elderly and vulnerable client had been defrauded.
Through the investigation, Police learned that after all the victims’ savings were depleted, the victims home was mortgaged on 2 separate occasions to obtain further cash, causing the victim to lose over $200,000.
Social Services and a local community church group were contacted by Police to assist the victim in time of need.
Charged with Fraud Over $5000 and Laundering Proceeds of Crime is 37 year old Michael T. KENNEDY of Beamsville.
KENNEDY was held in custody to await a bail hearing on Saturday June 20, 2015.
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