The Bowmanville man was charged after police told him that more than $70K had been fraudulently swindled into Kitchener’s business. Globalnews.ca

A Bowmanville man has been charged with defrauding a Kitchener business of more than $70,000, according to Waterloo Regional Police.

They say an investigation was launched in January 2021 after the business was reported to have lost $70,000 due to fraudulent e-transfers.

Police say investigators identified a suspect and raided two locations in Toronto.

During the raid, officers seized jewelry, cell phones, a safe, credit and debit cards, a currency counter, drugs and about $50,000 in cash.

A 31-year-old man faces multiple charges, including fraud of more than $5,000, theft of more than $5,000, and possession of property obtained by crime.