Halton Regional Police Service
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Media Release

Release Date: August 2nd, 2019 - 10:13am

Originator: D/Constable, Derek Gray, 3 District Criminal Investigations Bureau, 905-825-4747 ext 2344

Contact: D/Constable, Derek Gray, 3 District Criminal Investigations Bureau, 905-825-4747 extension 2344

Location: Burlington


Financial Representative Arrested for Fraud Offence

​The Halton Regional Police Service - 3 District Criminal Investigation Bureau has arrested and charged an Ajax man with fraud stemming from a series of incidents in 2012.

Jamshid (James) Pournader (65) has been charged with one count of Fraud Over $5,000.

The accused is associated with a company JSP Holdings and has acted as a "financial representative" with access to investment services and products.

The victim came forward to police after her bank assisted with a review of her personal finances and investments. The loss to the victim is $212,000.

The public are reminded that financial advisors, mortgage brokers and insurance agents are all licenced and regulated by various provincial organisations.  Your investments and purchases should be with a regulated financial institution and investors should regularly review their investments and statements.

Anyone with information is asked to contact Detective Constable Derek Gray of the Burlington Criminal Investigations Bureau - Seniors Liaison Team at 905-825-4747 ext. 2344.

Tips can also be submitted to Crime Stoppers "See Something? Hear Something? Know Something?" Contact "Crime Stoppers" at 1-800-222-8477 (TIPS) or through the web at www.haltoncrimestoppers.ca.

Please be reminded that all persons charged are presumed innocent until proven guilty in a court of law.​