A man hailing from Delta is facing charges following an alleged investment scam that defrauded a Lethbridge resident of nearly $600,000 over several months.
According to the Lethbridge Police Service, a 59-year-old individual reported falling victim to an online investment scheme, where he transferred funds multiple times throughout last year. However, the money ended up in cryptocurrency accounts located outside of Canada, making it unrecoverable.
After an extensive investigation, authorities identified the culprit and issued a Canada-wide arrest warrant. The suspect, a 36-year-old man from Delta, was apprehended in British Columbia on November 26 without any resistance.
Charges have been brought against the accused for possession of property exceeding $5,000 and money laundering. Following his release from custody, he is slated to appear in a Lethbridge court on January 20, 2026.
The Lethbridge Police Service is advising the public to be vigilant against scams, particularly those promising unrealistic investment returns.