NEPEAN – A Nepean-based businessman is facing fraud charges associated with a Real Estate investment related to a Carleton Place project.
“The Ottawa Police Service (OPS) Fraud Unit conducted investigations into an Ottawa-based business named Innovalty Investments Ltd. and its owner in relation to fraud allegations made from members of the public between 2016 and 2017,” the OPS release in a statement today (Dec. 22).
The investigations revealed the company’s owner James Jim’ Pellerin, fraudulently obtained money proposing an investment opportunity involving a newly built housing project in Carleton Place.
“Today, Pellerin, 65 of Ottawa, has been charged with eight counts of fraud more than $5,000 and 13 counts of obtaining credit by false pretense or by fraud,” the OPS said.
Pellerin was released on an undertaking with a condition to appear in court on Jan. 29, 2021.
“So far, 13 victims have been identified by investigators for a total loss of more than $600,000,” the OPS said. “They believe there may be other victims and are asking them to contact police.”
Pellerin’s business Innovalty Investments closed in July 2017. Following that, Pellerin, who bills himself as a Real Estate Investing Solution Provider started Invest Now Executive Investment Coaching and Realty Investment Seminars and Education starting in 2017..
Anyone with information is asked to call the Ottawa Police’s Organized Fraud Unit at 613-236-1222, ext. 5292. Anonymous tips can be submitted by calling Crime Stoppers toll-free at 1-800-222-8477 or at crimestoppers.ca.