A man faces multiple charges after allegedly attempting to wire $520,250 in cash to a Los Angeles location.
Police say a suspect entered Money Money Cash -- a money transferring business near Lawrence Avenue East and Warden Avenue -- on June 14, with three duffle bags filled with cash, all in $20, $50 and $100 bills.
The suspect attempted to transfer the money through an account he had previously set up, allegedly using the fake name of Peter Charles Williams.
The company refused to complete the transaction and a portion of the money was returned to the man.
Officers allege that the man then harassed and threatened the owners of the business for the rest of the money.
It is also alleged that in mid-July a second man went to the home of a family member of the business and uttered a threat. The outstanding money was returned to the first man.
Earlier in September, police arrested two men in part of an “ongoing money-laundering investigation.”
Ainsley Drakes faces multiple charges including possession of proceeds of crime, attempting to launder proceeds of crime, uttering a forged document, uttering a forged passport and conspiracy to commit an indictable offence.
Drakes is scheduled to appear in court on Tuesday.
Andrew Wilson faces a charge of conspiracy to commit an indictable offence. He is scheduled to appear in court on Oct. 25.
Police believe the accused may have committed similar offences around the Toronto-area and ask that anyone with information about this case contact them at 416-808-1307 or Crime Stoppers at 416-222-TIPS.
