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Alberta RCMP Say Alleged Investment Scam Couple Could Be Hiding In B.C., Possibly Kelowna

A nation-wide arrest warrant has been issued for a husband and wife, police allege, who are believed to be operating a million-dollar investment scam.Issued by Alberta RCMP, police say the arrest warrant for Fernando Honorate de Silva Fagundes, 65, and Emilia Alas-As Elansin, 40, both of no fixed address, was issued following a complex investigation.Police believe the two operated a fraudulent investment company, Family First Dynasty, in Millarville, Alta.The two have been charged with the following:Fraud over $5,000Theft over $5,000Laundering the proceeds of crimeAlberta RCMP have published a YouTube video regarding the investigation. Story continues below advertisement Involved in the investigation was the RCMP’s Integrated Market Enforcement Team (IMET).“IMET’s investigation uncovered a scheme that allegedly defrauded clients out of their finances and resulted in more than one million dollars lost by victims,” RCMP said in a press release. 2:30Elaborate student loan fraud scheme in Alberta nets scammers $240K Elaborate student loan fraud scheme in Alberta nets scammers $240K – Nov 2, 2021 Police said Fagundes allegedly operated under the alias Jovan Cavallon, while Elansin used the name Janelle Cavallon.“Fagundes portrayed himself as a day-trading expert and used an investment course operated under another company of his, Day Trading Coach Inc., to approach victims with investment opportunities later determined to be fraudulent,” said police.RCMP said…

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