York Regional police have charged a 42-year-old man in a continuing fraud investigation, in which, they said, 33 victims were defrauded $20 million.

The investigation started in 2017 after a woman reported she was the victim of a mortgage investment fraud, police said. Investigators said they learned that a suspect ran an investment company called New Horizons Mortgage Investment Corporation from 2004 to 2017.

Derek Scheinman, 42, of no fixed address, was charged with defrauding the public, fraud over $5,000, falsification of documents, two counts of possession of the proceeds of crime, two counts of laundering proceeds of crime.

He was arrested at a Barrie hotel on July 31.

Police say the investigation continues. They are asking anyone with information to contact the York Regional Police Financial Crimes Unit at at 1-866-876-5423, ext. 2486, or call Crime Stoppers at 1-800-222-TIPS.