Gilles Latour facing more fraud-related charges

In this Oct. 22, 2012, file photo, Gilles Latour, right, makes a presentation to Cornwall city council. Latour is facing another round of disciplinary action next month from the Mutual Fund Dealers Association of Canada. (Newswatch Group/File)

CORNWALL – A Cornwall financial adviser is facing more fraud charges.

City police charged Gilles Latour, 48, with 37 fraud-related offences, including breach of trust, theft by conversion, fraud over $5,000 and obtain by false pretenses.

Police allege five people were defrauded between August, 2008 and April, 2014.

Latour, the former head of Team Cornwall and owner of Latour Financial Group, came to police headquarters to deal with the new charges and was released with a promise to appear in court Jan. 8, 2015.

Latour is already facing fraud-related charges laid Aug. 19, 2014 after a five month police investigation.

He is accused of defrauding two investors of just over $200,000.

The Mutual Fund Dealers Association had taken action in October to strip Latour of his ability to trade securities but that came to an end when the mutual fund supplier for the company terminated its contract, according to the MFDA.

This latest development on Thursday comes on the same day Latour’s case was scheduled to be spoken to in a Cornwall court.

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