July 24, 2024

Toronto construction company’s owner has been accused in a fraud-related investigation. Authorities believe there might be victims located around the Greater Toronto and Hamilton Area.

In 2022, North York business’s investigation was initiated by York Regional Police.

The owner is under scrutiny for allegedly buying concrete forms and different construction materials using counterfeit bank drafts. He would then resell these materials to other parties at lower prices.

The initial sellers realized the bank drafts were fake only after the amount was withdrawn, according to the police’s official statement on Friday.

Due to these fraudulent activities, police estimated around $600,000.

Ruzbeh Akhlaghi, who owns National Concrete Forming and Pars Concrete, was arrested on Jan. 16 regarding the investigation. Along with him, some unaccounted narcotic substances were also seized.

The accused has been charged with various offenses, including fraud over $5,000 (six counts), possession of property gotten through crime (four counts), false pretense (four counts), and uttering forced documents (three counts), among other things.

The accusations are yet to be proven in the court of law.

Investigators suggest that similar scams have been carried out for several years across GTHA. Calling for potential victims, they have published the phony company’s business card photos.

![Business card](https://investmentshoax.com/wp-content/uploads/2024/04/image.png)

If you have any information, please contact the York Regional Police’s Financial Crimes Unit at 1-866-876-5423, extension 6611 or anonymously report to Crime Stoppers.

## Frequently Asked Questions

### What are the charges faced by Ruzbeh Akhlaghi?
Mr. Ruzbeh Akhlaghi is accused of multiple crimes, including six counts of fraud over $5,000, four counts of possessing property acquired through illegal means, four counts of false pretension, and three counts of uttering forced documents, among others.

### How did the fraudulent activities come to light?
The businesses realized the bank drafts were counterfeit once the amount was debited from their accounts. The financial irregularities were then reported to the police, leading to an investigation into the fraudulent activities.

### Are there potential victims outside of Toronto?
Yes, investigators believe that victims might be spread across the Greater Toronto and Hamilton Area. They’re asking for any potential victims to reach out and report their experiences.