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Toronto-area real estate agent charged with fraud allegedly amounting to $2.9M

Toronto police have charged a real estate agent with fraud after he allegedly made $2.9 million worth of counterfeit deposits to a business account.

Investigators say the man operated his own business, Grange Real Estate Inc. Brokerage, in the Toronto area and abroad.

They say he allegedly made the fraudulent deposits in August 2018, and then made several transactions from the account from different bank branches.

Investigators say they arrested Dwight Grange, 50, earlier this month and charged him with two counts of fraud over $5,000, two counts of attempting fraud over $5,000 and uttering a forged document.

Police say that after conducting a search, they also found a “large quantity of narcotics.”

They say Grange and a 49-year-old woman are both charged with four counts of possession of a schedule 1 substance and four counts of possession of a schedule 1 substance for the purpose of trafficking.

Grange did not immediately respond to a request for comment.

This report by The Canadian Press was first published Oct. 24, 2019.

The Canadian Press

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