Toronto police say a Markham man has been charged after allegedly presenting himself as a private investor, taking money from victims and promising returns tied to vacant land purchases. Investigators allege the victims were shown false documents but never received any investment returns.

Toronto police have charged a Markham man in connection with an alleged investment fraud scheme in which victims were reportedly promised returns from supposed vacant land purchases.

According to police, the suspect claimed to be a private investor operating through a business identified as 10000272 Canada Inc. Norstar Financial Security. Investigators allege that individuals were persuaded to invest money into the business on the understanding that the funds would generate returns.

Police say the suspect told victims that their investment returns were being used to purchase vacant land. However, investigators allege that the promised returns never materialized and that victims were instead provided with false documents connected to the scheme.

The investigation began in August 2024. Toronto police say that on March 3, 2026, officers arrested Neilay Modi, 50, of Markham.

He has been charged with four counts of fraud over $5,000, four counts of possession of property obtained by crime, and three counts of forgery. He is scheduled to appear in court in May.

Police say they believe there may be additional victims and have released an image of the accused as the investigation continues.

The case is another reminder of the risks associated with private investment opportunities that rely on informal pitches, undocumented claims, or promises of unusually straightforward returns. Authorities are urging anyone with information about the investigation to contact Toronto police.

The post Toronto Police Charge Man in Alleged Fake Private Investor Fraud Scheme appeared first on Canadian Fraud News Inc. | Fraud related news | Fraud in Canada.

Originally published on Canadian Fraud News.