CALGARY – A Canada-wide warrant has been issued for an Alberta couple believed to be operating a million dollar investment scam.
RCMP say a company called Family First Dynasty Inc. in Millarville is owned by 65-year-old Fernando Honorate de Silva Fagundes and his 40 year-old-wife Emilia Alas-As Elansin.
The couple is charged with:
Fraud over $5,000 contrary to Section 380(1)(a) of the Criminal Code;
Theft over $5,000 contrary to Section 334 of the Criminal Code;
Laundering the Proceeds of Crime contrary to Section 462.31 of the Criminal Code.
RCMP say Fagundes allegedly operated his criminal activity under the alias Jovan Cavallon and Elansin under Janelle Cavallon. Police also say Fagundes portrayed himself as a day-trading expert and used an investment course operated under another company called Day Trading Coach Inc., and would approach victims with investment opportunities later determined to be fraudulent.
The Alberta RCMP Integrated Market Enforcement Team (IMET) says the couple has allegedly defrauded clients out of their finances and resulted in more than one million dollars lost by victims.
Police say Fagundes is believed to have committed similar frauds in Portugal, the United States, Saskatchewan, and Ontario. Fagundes and Elansin have fled the Millarville area and their current whereabouts are unknown.
If you have any information you are asked to contact Crime Stoppers.
