A male is in custody after fraudulently collecting over $2.5 million for an investment scam.
In June 2024, the DRPS Financial Crimes Unit (FCU) began an investigation of a male who told two victims he was a financial trader and could guarantee high returns on investments using the platform Interactive Brokers.
Between March 2023 and March 2024, the suspect persuaded the victims to transfer him large sums of money to be invested. The suspect told the victims to open accounts via ‘Interactive Brokers’ where the suspect would have sole control over trading.
The suspect enticed the victims to transfer funds by driving luxury high-end cars, and showing them forged investment return statements. During this period, the suspect collected over $2.5 million in funds from the victims, which he used to finance his extravagant lifestyle.
On September 21, 2025, investigators from the FCU completed their investigation and took the suspect into custody.
Alex Noah Pekala, age 23 from Oshawa is charged with fraud over $5000 x2.
He was held for a bail hearing.
