Woman charged in money-loan scam

Toronto police are asking for public help as they investigate a fraud case.

Ze Zhang, 28, of Toronto, has been charged with several counts of fraud.

The accused targets business owners in Toronto and presents herself as a wealthy individual looking for business partners, police said.

She then tells the victims that her accounts have been frozen but that if she can borrow money her wealthy father will pay the individual back.

The woman then gives the victims a cheque for an account that is closed, and refuses to pay the money back.

Police believe that there are other victims.

Anyone with information is asked to contact police at 416−808−3200, Crime Stoppers anonymously at 416−222−TIPS (8477), online at 222tips.com, or text TOR and your message to CRIMES (274637).

The accused is scheduled to appear in court at College Park, 444 Yonge Street, on Monday, July 26, room 501, at 10 a.m.

About this article

By: Sarah Moore
Posted: Jul 25 2010 3:15 pm
Filed under: News