Arrests Made in Gold Fraud Investigation - Industry Alert Toronto Police News Conference, Friday, October 7, 2011 Financial Crimes Unit 416−808−7300 During September 2011, the Toronto Police Service Financial Crimes Unit, Organized Crime Enforcement Section, conducted an investigation into a fraud scheme operating in the GTA. It is alleged that: − the scheme revolved around fraudulent transfers of funds from one business account to another business account − the funds were then utilized, by way of money transfers, to purchase gold bullion from a local precious−metal dealer − the accused were successful in obtaining 9 kgs. of gold bullion, valued at approximately $528000 − the accused attempted, but were unsuccessful, at purchasing an additional $680000 worth of gold. On Monday, October 3, 2011, the following men were arrested: − Oleksandr Boguslavskyi, 46, of Toronto − Igor Muraru, 50, of Toronto − Henry Blouin, 64, of Mississauga On Wednesday, October 5, 2011, the following man was arrested: − Alex Gopkalo, 41, of Thornhill The four men each face: 1) Conspiracy to commit an indictable offence, 2) Fraud over ($5000) The Financial Crimes Unit is requesting the public's assistance identifying an outstanding suspect. Anyone with information is asked to contact police at 416−808−7300, Crime Stoppers anonymously at 416−222−TIPS (8477), online at www.222tips.com, text TOR and your message to CRIMES (274637), or Leave A Tip on Facebook. The Financial Crimes Unit ...