For Immediate Release: July 27, 2012
Waterloo Region ON – An extensive investigation by members of the Waterloo Regional Police Fraud Branch has led to the arrest of a Collingwood, Ontario man.
Police have charged Daniel P. Reeve, 52 years, with Defrauding the Public and Theft over $5000, both offences under the Criminal Code of Canada.
Police are investigating complaints that Reeve, acting as a Financial Advisor, convinced up to 175 potential victims to contribute to private and public investments.
As a result of the continuing investigation, detectives allege that Reeve misrepresented the investments and misappropriated the money.
The alleged offences occurred between 2006 to 2009 and involved total losses estimated at $30 million.
Reeve is appearing in provincial court in Kitchener today in courtroom #105 to answer to the charges.
Police continue to actively investigate and there could be further arrests. Anyone with information is asked to contact the Fraud Branch at 519 650 8500 ext. 8374 or Crime Stoppers 1 800 222 8477.
Staff Sergeant Paul Lobsinger, Fraud Branch
(519) 650-8500 ext. 8370
Sergeant Rob Cowan, Fraud Branch
(519) 650 8500 ext. 8372