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Police said an officer was on patrol in the 800 block of 22nd Street West on Wednesday night and stopped a vehicle believed to be involved in the scams.
The two men, aged 25 and 26, from Quebec are facing 10 charges, officials said cheat One charge of possession over $5,000 and proceeds of a crime greater than $5,000.
The 25-year-old man was previously arrested and charged on Tuesday with seven counts of fraud of more than $5,000 and now faces three additional charges.
Police have received reports over the past few weeks of scams in which a victim has received a call from someone claiming to be a family member in an emergency and needs money for bail or hospital bills.
Investigators encourage anyone who has been a victim of fraud to contact Saskatoon Police at 306-975-8300.
Police say the cumulative amount stolen through the scam is at least $100,000. The investigation is on.