On November 20, 2013, David Pitcher was remanded into custody after RCMP laid 27 different charges against him, including fraud over $5,000, theft over $5,000 and uttering forged documents.
The Manitoba RCMP Provincial Commercial Crime Section’s extensive investigation revealed Pitcher solicited monies from various persons between 2005 and 2012 and offered them favourable returns for their investment.
Pitcher was located in BC, where he was believed to be residing. He was arrested on a Canada-wide warrant by Manitoba RCMP on November 17. RCMP officers transported Pitcher back to Winnipeg.
RCMP will not be disclosing the exact loss incurred by the victims, however, will say it is in excess of 5 million dollars.
RCMP continue to recommend to the public to be vigilant with regards to various investment opportunities and conduct their own research prior to making any decisions.
