A Durham Region fraud case has led police to issue an arrest warrant for a Brampton man accused of scamming an investor out of more than $200,000 in a fake business venture.
According to Durham Regional Police, the investigation began in late January 2026, when the Financial Crimes Unit received reports of a suspicious investment scheme involving a supposed trucking and transportation business. The suspect allegedly approached the victim with an opportunity to partner in what appeared to be a legitimate start-up.
Police say the suspect claimed he was in the process of securing a $1 million business loan from a financial institution and had already established multiple contracts with companies for transportation services. These claims were used to build credibility and convince the investor to financially support the venture.
Believing the business opportunity was genuine, the victim agreed to invest and transferred more than $200,000 to assist with startup costs. However, investigators later discovered that the entire operation was fraudulent.
Authorities determined that the banking contacts and business contracts presented by the suspect were fabricated, and no loan had ever been approved. The trucking business itself did not exist as described, making the investment a carefully constructed scam.
Police have now identified the suspect as Sahil Thakur, 35, of Brampton, who is currently wanted in connection with the case. He faces multiple serious charges, including:
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Fraud over $5,000
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Obtaining funds by false pretences over $5,000
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Possession of proceeds of property obtained by crime over $5,000
Investigators are urging the public to come forward with any information that could help locate the suspect. Police believe that there may be additional victims or witnesses who have not yet been identified.
This Durham Region fraud case highlights the growing concern around investment scams, particularly those involving small businesses and start-up opportunities. Fraudsters often use convincing documentation, false promises of high returns, and fabricated partnerships to gain the trust of victims.
Authorities are reminding the public to exercise caution when approached with investment opportunities, especially those that require large upfront contributions. Verifying business credentials, financial claims, and legal documentation is essential before committing any funds.
Anyone with information about the whereabouts of the suspect or details related to this case is asked to contact A/D/Sgt. Chapman of the Durham Regional Police Financial Crimes Unit at 1-888-579-1520 ext. 5352.
Anonymous tips can also be submitted through Durham Regional Crime Stoppers at 1-800-222-TIPS (8477) or online. Tipsters may be eligible for a cash reward.
Police emphasize that all allegations have yet to be proven in court.
