Suspect faces numerous charges in fraud investigation

An Oshawa senior is facing fraud charges after allegedly defrauding an elderly female of $60,000 over the past year.

On Friday, July 10, 2020, investigators from the Financial Crimes Unit executed a search warrant at a residence in Oshawa and arrested a 75-year-old male. Police say that the suspect befriended a 95-year-old female and posed as a financial investor. Since November of 2019, he convinced the victim to “invest” money with him. After receiving the first payment of $60,000 the suspect convinced the victim to “invest” an additional $50,000. Suspecting elder abuse, the victims financial institute interviewed and prevented the completion of the second transfer. Police were then contacted.

The suspect is known to present himself as the owner of a company named “SafeGard Protection”; a company that does charitable work. The suspect is not operating a registered company or charity.

Garry Beach, age 75, of Oshawa was arrested and is charged with: Fraud Over $5,000, Attempted Fraud Over $5,000, Possession of Proceeds of Crime and False Pretenses over $5,000. He was held for a bail hearing.

Investigators want to ensure that there are no further victims.

Anyone with new information about this investigation is asked to contact D/Cst. Franssen of the Financial Crimes Unit at 1-888-579-1520 ext. 5356.

Anonymous information can be sent to Durham Regional Crime Stoppers at 1-800-222-TIPS (8477) or online at www.durhamregionalcrimestoppers.ca

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