News

Mounties arrest man in Nanaimo for alleged investment fraud

Nanaimo Mounties have arrested a man wanted on a Canada-wide warrant for alleged investment fraud.

The investigation, started by Nanaimo RCMP and the B.C. Securities Commission Dec. 1, 2009, resulted in the arrest of Michael Chodorowski, 40, who police allege defrauded investors in B.C. and Alberta of more than $2 million.

Const. Gary O'Brien said Chodorowski allegedly befriended people in Vancouver and elsewhere who gave him money under the assumption he would make investments for them. He then diverted the money into personal bank accounts that were accessed by him.

"We had been looking for him for some time," said Const. Gary O'Brien, Nanaimo RCMP spokesman. "The pieces came together and he was located in town and taken into custody.

Chodorowski was arrested without incident Friday and was scheduled to appear in Nanaimo provincial court the same day.

He faces four counts of theft over $5,000, three counts of fraud over $5,000 and money laundering.

We encourage an open exchange of ideas on this story's topic, but we ask you to follow our guidelines for respecting community standards. Personal attacks, inappropriate language, and off-topic comments may be removed, and comment privileges revoked, per our Terms of Use. Please see our FAQ if you have questions or concerns about using Facebook to comment.

You might like ...

Small change adds up to big difference
 
Flu vaccine less effective against mutant strain
 
ELECTION 2014: Alberni votes for change
Take a holiday home tour in Parksville Qualicum Beach
 
Moonlight Madness attracts crowds in Qualicum Beach
 
Eleventh-hour effort pushes Dakova on to new council’s plate
Quinn-tessential Bachand
 
The Week — Nov. 10
 
Fraser Health gets new president

Community Events, November 2014

Add an Event


Read the latest eEdition

Browse the print edition page by page, including stories and ads.

Nov 25 edition online now. Browse the archives.