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Four former executives of a Waterloo, Ont.-based firearms distribution company face a slew of charges after a complex, multi-year investigation into an alleged scheme that used fabricated invoices and financial records to get tens of millions of dollars in financing.
“It is believed that the fraud proceeds were used for personal gain, including the purchase of luxury items and properties,” said Det. Const. Mike Payne of Waterloo Regional Police Service’s Commercial Fraud unit.
Police allege Trigger Wholesale Inc. defrauded Oakville-based commercial lender Clearflow Commercial Finance of approximately $48 million between 2016 and 2020 through forged documents and…
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