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Sarnia father and son arrested in alleged investment scam

Sarnia, Ont. police are looking for the public’s help in a six-month investigation of an alleged father and son investment scam.

Police allege that the duo posed as investment managers to keep people’s money for their own gain. The father and son allegedly used fake bonds and cheques to make clients believe their money was being invested in foreign holdings.

One local victim was defrauded of over $66,000 and police believe more people may have been affected.

Investigators have arrested 73-year-old Clifford George Baird and 52-year-old Brent Timothy Baird, both from Sarnia. Both men are charged with fraud over $5,000 and conspiracy to commit an indictable offence.

Anyone familiar with the two men or who may have fallen victim to the alleged scam are urged to come forward.

Read more at Blackburn News

This article is summarized by Canadian Fraud News Inc.