Harprit Singh Gill was arrested in Richmond nearly 15 months after Three Hills RCMP launched an investigation.
A Richmond, British Columbia man is in custody facing fraud and money laundering charges after a Three Hills resident lost more than $729,000 in an elaborate investment scam, police announced this week.
Harprit Singh Gill, 47, was arrested in Richmond on May 6, 2026, nearly 15 months after Three Hills RCMP launched an investigation into the scheme. A Canada-wide warrant had been issued for his arrest. Following a bail hearing, Gill was remanded into custody and will be transported to Alberta for further court proceedings.
The investigation began in February 2025, when a victim reported being defrauded of $729,900. Police say the victim had been researching high-interest savings options online when he was contacted by someone claiming to be a representative of JP Morgan.
The suspect offered the victim a Guaranteed Investment Certificate (GIC) rate. Believing the offer to be legitimate, the victim sent two wire transfers — one for 500,000andanotherfor230,000 — to a beneficiary company called Sunlife Holdings Inc.
However, Three Hills RCMP determined that JP Morgan does not operate as a GIC holder in Canada. Investigators concluded that the supposed JP Morgan GIC was a common scam.
Police traced the bank account associated with Sunlife Holdings Inc. and identified the account holder. Further investigation revealed that numerous wire transfers had been sent from that account to other financial institutions in Canada and the United Kingdom.
Gill is charged with fraud over $5,000 and laundering the proceeds of crime.
Authorities are reminding the public to verify investment opportunities independently and to be wary of unsolicited offers, particularly those promising unusually high returns. Anyone who believes they may have been targeted by a similar scam is urged to contact their local police.
