Man arrested in investment fraud investigation,
Faces five charges,
Salvatore Gualtieri, 48,
Broadcast time: 16:35
Friday, July 27, 2007
On Friday, July 27, 2007, Fraud Squad officers arrested a man in connection with an investment fraud investigation.
It is alleged that:
' the accused offered investments in a company called XtraKare Corporation of America Inc.,
' he advised investors that the company would soon become public and generate huge profits,
' victims who invested were defrauded by amounts in excess of $160, 000,
Salvatore Gualtieri, 48, of Mississauga, has been charged with three counts of Fraud Over $5, 000, and two counts of Utter Forged Documents.
Police are seeking the assistance of any members of the public who may have information about this accused or his company.
He is scheduled to appear in courtroom 505 at College Park Courts, on April 8, 2008, at 10 a.m.
Anyone with information is asked to contact police at 416'808'7300, Crime Stoppers anonymously at 416'222'TIPS (8477), or online at www.222tips.com.
Constable George Schuurman, Public Information, for Detective Gary Hickey, Fraud Squad
ID: 12300 1 / 1