A 38-year-old Ottawa woman is charged in connection with a Ponzi scheme that duped investors out of $1.6 million.
An investigation into Michelle Longchamps' investment practices was launched in October 2008 after several investors complained.
Ottawa police say the suspect was found to be operating a fraudulent investment scheme that netted approximately $1.6 million from more then 20 investors.
Longchamps has been charged with 11 counts of fraud over $5,000, 16 counts of forgery, 17 counts of utter forged documents, money laundering and other fraud related charges.
Lonchamps was released from custody on Thursday.
Her next court appearance is set for May 20.
Anyone with information is asked to contact the Ottawa police organized fraud section at 613-236-1222, ext. 5433 or Crime Stoppers at 613-233-TIPS.
