Officers from the Fraud Bureau are currently investigating an incident that took place in 2016.
Between 2016 and 2017, the victims in this incident were befriended and encouraged to invest in the suspects real estate business.
The victims invested a combined total of $500,000 with the suspect. Despite repeated promises of returning the money, none of the victims had any of their investments returned and investigators believe that none of the investments were used as indicated.
Officers have been attempting to locate the suspect but have not had success in doing so.
As a result, Vatsal Khamar, a 32-year-old man from Toronto is wanted for Fraud Over $5000 x4 and Theft of Mail.
Anyone with information on the whereabouts of Vatsal Khamar is asked to contact investigators at (905) 453-3311 ext. 3335. Information may also be left anonymously by calling Peel Crime Stoppers at 1-800-222-TIPS (8477), or by visiting www.peelcrimestoppers.ca.
