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An elderly couple from the Headingley area was scammed out of a significant portion of their life savings by someone pretending to be a financial advisor.

Manitoba RCMP have charged Charles Morrison of Winnipeg, 69, after they say he had convinced the couple to cash out their assets and have him manage their money.

Police say Morrison then used the funds for his own personal benefit.

“Morrison enticed these people to provide funds. Unfortunately, those funds do not appear to be used as intended,” said Sgt. Breanne Chanel, a member of the RCMP Commercial Crime Unit. “People are reminded to do their research when it comes to selecting a trusted financial advisor.”

The couple originally lodged a complaint with RCMP in May 2017, who then began an investigation through the RCMP Commercial Crime Unit.

Morrison has been arrested and charged with two counts of theft over $5,000. He remains in custody.