A financial adviser from Orillia, Ontario, Kevin Douse, has been charged following a 16-month investigation by the Ontario Provincial Police (OPP), which uncovered an alleged fraud scheme involving more than $1.8 million. Authorities accuse Douse of requesting client investment funds via cheques payable directly to him and falsifying documents to conceal misappropriation. Douse faces multiple charges, including defrauding the public and uttering forged documents, with a court appearance scheduled for June 10, 2025. The OPP is continuing its inquiry and urges potential victims or witnesses to come forward.
Details of the Investigation
The Ontario Provincial Police (OPP) initiated an investigation after receiving reports of suspicious financial activities linked to Kevin Douse, a licensed financial adviser based in Orillia. Over the course of 16 months, investigators gathered evidence that indicated a pattern of fraudulent behavior involving client funds exceeding $1.8 million. The probe included the review of financial records, client statements, and interviews with affected individuals.
Nature of the Alleged Fraud
According to the charges, Douse allegedly solicited investment funds from clients through cheques made payable directly to himself rather than to authorized investment entities or accounts. To disguise the misuse of these funds, he is accused of creating and presenting forged documents that misrepresented the status and management of client investments, thereby concealing the true nature of the transactions.
Legal Charges and Proceedings
Douse has been formally charged with multiple offences, including defrauding the public and uttering forged documents. These charges carry significant legal consequences given their impact on client trust and financial integrity. A preliminary court hearing is scheduled for June 10, 2025, at which time the accused will enter a plea and further proceedings will be outlined.
Ongoing Investigation and Public Appeal
The OPP continues to investigate the case to establish the full scope of the misconduct and recover any remaining assets. Authorities have appealed to the public, specifically potential victims and witnesses, to provide information that could assist in the investigation. Those with relevant details are encouraged to contact the OPP to support the ongoing efforts to ensure accountability.
In summary, the charges against Kevin Douse highlight a significant breach of trust involving alleged fraudulent activities amounting to over $1.8 million. The ongoing investigation by the Ontario Provincial Police underscores the commitment to uncovering the full extent of the scheme and protecting affected clients. With court proceedings set to begin in June 2025, authorities continue to seek public assistance to aid in delivering justice and restoring confidence in financial advisory services.