Executives at Waterloo, Ont., Firearms Company Charged in $48M Fraud

4 charged in $48M fraud investigation involving Ontario firearms distribution business

Police allege a firearms and distribution business that submitted nearly 20,000 fraudulent invoices between 2016 and 2020 have racked up an estimated $48 million in losses.

Executives at Waterloo, Ont., firearms company charged in $48M fraud

Waterloo police say the accused were executives at Trigger Wholesale Inc., a firearms distributor that claimed to supply large Canadian retailers, government agencies and law enforcement services.

4 people charged in $48M fraud investigation tied to Waterloo firearms distributor

Four former executives of a Waterloo, Ont.-based firearms distribution company face charges after Waterloo regional police allege the company defrauded commercial lender Clearflow Commercial Finance of around $48 million through thousands of fake invoices and falsified business records.

Police reveal details in complex, years-long $48M fraud case

Officials revealed the results of a long-term, complex investigation into millions of dollars of fraud in Waterloo Region at a press conference on Tuesday. Officers from Waterloo Regional Police Service were joined at headquarters, where police explained how forged documents led investigators to uncover a local firearms and ammunition business falsified invoices to receive funds […]