Edmonton police say there may be additional victims after two people came forward about a business deal they suspected was fraudulent.
On March 4, two people came to police and said they invested $70,000 in a steel fabrication business. They said a man approached them and asked for startup costs and they invested.
After conducting a background information search, the two began to suspect the opportunity may not be real. Police believe the man had no intention of setting up the business in question.
On March 7, police arrested and charged Brian Desmond Penney with one count of fraud over $5,000.
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Police said detectives are investigating other similar incidents involving Penney and believe he has been defrauding people for over a year. They believe there are other complainants.
Anyone with information is asked to contact police at 780-423-4567 or #377 from a mobile phone. Anonymous information can also be submitted to Crime Stoppers.
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