Moose FM CJJM 99.3 - Espanola

Police have charged a Sudbury man after residents of Cochrane, Kapuskasing and Iroquois Falls were defrauded of their investments.  The accused owned Phoenix Financial Group and controlled the investments of quite a few people.  OPP say that from 1999 to 2003 money was misappropriated at the business but they don’t say how much.  The 48-year-old is charged with 10 counts each of fraud and misappropriation of funds.