Canada Man Charged with Defrauding Payday Loan Business

Man charged with fraud

A man in St. Catherine’s, Ontario, has been charged with fraud after a three-month police investigation.

Police have determined that the 51-year-old man cashed counterfeit bank drafts at a payday loan business. The company offers short-term loans, installment loans and cash advances along with check-cashing services.

Canadian newspaper news brief:

ST. CATHARINES — A 51-year-old St. Catharines man faces fraud charges after a three-month police investigation into complaints about counterfeit bank drafts.

Niagara Regional Police said a man cashed two counterfeit bank drafts at a St. Catharines payday loan business, and transferred the money to an account with a different financial institution.

Investigators from the fraud unit determined the bank drafts were counterfeit and identified the suspect with the assistance of the NRP's forensic services unit.

Sarkis Kishishian is charged with two counts of fraud under $5,000. He was released on a promise to appear in court on July 10.

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