Toronto RCMP Integrated Proceeds of Crime Unit Arrests Lawyer on Fraud and Money Laundering Charges

TORONTO, June 8, 2012 /CNW/ - On June 7^th, 2012 the Toronto Royal Canadian Mounted Police (RCMP) Integrated Proceeds of Crime Unit executed search warrants at the Law Office of Kenneth James (James and Associates) at 3100 Steeles Avenue West, Concord, Ontario and at a residence located at 76 Willowridge Road, Etobicoke, Ontario.

This investigation commenced in June 2010 and it is alleged that several million dollars of proceeds of crime was laundered through James and his office.

Kenneth James 71 years old of Etobicoke, Ontario has been charged with:

• Possession of the Proceeds of Crime, s.354 (1) (a) of the Criminal Code;
• Laundering the Proceeds of Crime, s. 462.31 (1) of the Criminal Code;
• Fraud over $5000, s. 380 (1) (a) of the Criminal Code;

Rosemary Cremer 61 years old of Etobicoke, Ontario has been charged with:

• Possession of the Proceeds of Crime, s.354 (1) (a) of the Criminal Code;
• Laundering the Proceeds of Crime, s. 462.31 (1) of the Criminal Code;

Charges have also been laid against James and Associates, Eveline Holdings Inc., and Sterling Capital Inc., for:

• Possession of the Proceeds of Crime, s.354 (1) (a) of the Criminal Code;
• Laundering the Proceeds of Crime, s. 462.31 (1) of the Criminal Code;

This 24 month investigation commenced in June of 2010 as a result of an International Illicit Drug investigation conducted by RCMP GTA Drug Section.  As a result of the Drug and Proceeds investigation Toronto IPOC has restrained in excess of $7 million dollars in assets.

Throughout this investigation Toronto IPOC has been assisted by the Financial Transactions Reports Analysis Centre of Canada (FINTRAC).  Disclosures provided to the RCMP in accordance with the mandate of FINTRAC and the Proceeds of Crime (Money Laundering) and Terrorist Financing Act contributed to the success of the investigation.

According to RCMP Inspector Mark Pearson, the Officer in charge of the Toronto Integrated Proceeds of Crime Unit, "Criminal Organizations frequently use sophisticated means to launder the profits of their crimes. The RCMP and our partner agencies are not only committed to investigating the criminal act but also tracing and seizing their illicit profits. Criminal Organizations are motivated by the money they make. By removing those illicit profits and bringing to justice those who assist criminal groups we are able to disrupt organized crime that affects all Canadians."

Anyone with information regarding criminal activity is encouraged to contact their local police, the RCMP at 1-800-387-0020 or Crime Stoppers at 1-800-222-TIPS(8477).

Sgt. Richard Rollings,
Media Relations Coordinator
RCMP "O" Division
Office: [phone]
Cell: [phone]