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3 charged after fraudulent retail gift cards valued at about $500,000 seized: Toronto police

Gift cards and equipment seized by Toronto police on display. Toronto police

Toronto police say they have charged three people in connection with a fraudulent retail gift card investigation.

Police said between July 2022 and January 2023, three people are accused of operating a “sophisticated forgery lab, used for altering and manufacturing retail gift cards for fraudulent use.”

Investigators said search warrants were executed at a Toronto business and a home in Richmond Hill.

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Police say they seized a “vast amount” of fraudulent gift cards, valued at about $500,000.

They also say they found computer equipment and electronics used for altering and manufacturing gift cards, and a quantity of fake government-issued identity documents.

Read more: Man waited near Etobicoke ATM then brandished handgun in ‘multiple’ robberies, police say

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On Wednesday, police announced they arrested 38-year-old Iouri Perett and 35-year-old Vitalii Fokov, both from Richmond Hill.

The two are charged with fraud over $5,000, altering gift cards and possession of proceeds obtained by crime.

In addition, police charged 34-year-old Elizaveta Perett, also from Richmond Hill, with possession of proceeds obtained by crime.

Anyone with information is asked to contact police or Crime Stoppers anonymously.

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