CORNWALL, Ontario – Cornwall police have charged a noted city financial advisor with dozens of additional counts of fraud and related offences as its investigation continues to evolve.
Gilles Latour, former chair of Team Cornwall, was arrested Wednesday and has been charged with 37 fraud related offences including breach of trust, theft by conversion, fraud over $5,000 and obtain by false pretenses.
That’s in addition to similar counts he was charged with earlier this year.
There are now seven complainants who have come forwarded to police with allegations.
Police said it is alleged that between August, 2008 and April, 2014 Latour defrauded five individuals and police were contacted to investigate. On Wednesday Latour attended police headquarters to deal with the matter. He was taken into custody, charged accordingly and released to appear in court on Jan. 8.
Court documents suggest a pair of initial complainants associated with the earlier Cornwall police charges is missing $201,000.
Latour was also under investigation by the Mutual Fund Dealers Association of Canada, which had been seeking a prohibition from his work in the securities industry before proceedings were terminated weeks ago.
Latour is no longer practising securities work, the MDFA has said.
None of the allegations against Latour, criminal or otherwise, have been proven.
