On Wednesday, June 21, 2017, as part of an ongoing investigation, Waterloo Regional Police charged a Waterloo man with several fraud-related offences. Its believed the accused operated a Waterloo-based investment firm, named CJC investments, from 2006 to 2014.
The accused allegedly sold securities to privately traded companies in Canada and the United States for inflated share prices. The investment firm and the accused were not registered with the Ontario Securities Commission, a regulatory body that oversees securities trading and is in place to protect Ontario investors. The investigation revealed that the victims money was never sent to the intended companies.
Currently, 14 victims have been identified throughout North America. Its estimated that they have been defrauded of $3.7 million dollars. Constantinos Mathios, 52, from Waterloo, who also has ties to the Brantford area, has been charged with Fraud Over $5000, Theft over $5000, Uttering Forged Documents and Money Laundering. Waterloo Regional Police would like to speak to anyone who may have had dealings with CJC investments.
Anyone with information is asked to call police at 519-653-7700 ext. 8384 or Crime Stoppers at 1-800-222-8477.