Two Charged by Northumberland OPP in Alleged $1 Million Investment Fraud
- Small Town Productions
- 4 days ago
- 2 min read
| Small Town News | A Division of Small Town Productions |
Two individuals are facing charges after an extensive investigation by the Northumberland Detachment of the Ontario Provincial Police (OPP) into an alleged investment fraud that resulted in losses exceeding $1 million.
The investigation was initiated in August 2022 after a victim reported losing a significant amount of money through what they believed to be a legitimate investment opportunity. Police say the financial transactions connected to the case date back to 2018 and involved multiple payments over time.
Investigators also determined that at least one meeting related to the alleged investment took place outside of Canada, adding further complexity to the case.
Following a three-year investigation conducted by the Northumberland OPP Crime Unit, two suspects were taken into custody earlier this month.
Eghosa Iyamu, 51, of Etobicoke, has been charged with:
Fraud over $5,000
Possession of property obtained by crime over $5,000
Gerardo Gentile, 63, of Bradford West Gwillimbury, has been charged with:
Fraud over $5,000
Possession of property obtained by crime over $5,000
Both individuals are scheduled to appear before the Ontario Court of Justice in Cobourg in March 2026.
Police Highlight Sophistication of Fraud Schemes
According to investigators, this case underscores how complex and convincing modern fraud schemes have become.
Manyscams rely on social engineering techniques, where suspects build trust with victims over time through online communication platforms or messaging apps.
In some cases, victims are persuaded to make advance payments, often under the pretense of securing an investment or unlocking financial returns that ultimately do not exist.
Fraud Prevention Advice
Police are reminding the public to remain cautious when presented with investment opportunities, particularly those that promise quick or guaranteed profits.
To reduce the risk of fraud:
Be wary of unsolicited offers involving money or investments
Avoid sending funds or sharing personal information with unknown parties
Confirm the legitimacy of investment opportunities through reputable financial institutions
Report any suspicious activity to local police or the Canadian Anti-Fraud Centre (CAFC)
Authorities stress that if something appears too good to be true, it likely is.
For additional information on common scams and prevention strategies, residents are encouraged to consult resources provided by the Canadian Anti-Fraud Centre.
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