Montreal police say four people have been arrested in connection with a fraud investigation involving more than $4.5 million in alleged losses. The investigation involves reported real estate fraud and vehicle rental scams.

Four people have been arrested as part of a major fraud investigation involving more than $4.5 million in alleged losses, according to Montreal police.

The investigation was launched in 2023 by the Montreal police Economic Crimes Section. Police say it focuses on approximately 20 incidents involving alleged real estate fraud and vehicle rental scams.

The suspects were arrested Wednesday morning in Montreal and Quebec City under warrants issued as part of the ongoing investigation.

Authorities allege the group targeted financially vulnerable homeowners in multiple municipalities, including Longueuil, Dollard-des-Ormeaux, Sorel and other regions. Police say the alleged scheme involved online advertisements offering debt relief solutions.

Victims were reportedly brought to a notary and unknowingly signed over property documents.

One of the suspects is also accused of involvement in vehicle rental fraud involving stolen identities and lease agreements connected to a dealership in the Montérégie region.

The charges include fraud over $5,000, conspiracy and use of forged documents. One suspect is expected to appear in court, while three others were released under conditions pending future proceedings.

Police are reminding the public to be cautious of unsolicited financial offers and to carefully verify documents before signing.

Anyone who believes they are a victim of fraud can contact their local police station to file a complaint. Information can also be provided anonymously and confidentially to Info-Crime Montréal at 514-393-1133. In an emergency, call 911.

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Originally published on Canadian Fraud News.