TORONTO - A man faces 38 fraud charges in connection with a scam that robbed an elderly man of his life savings.
Toronto police say the accused befriended the 89-year-old and asked him for loans worth nearly $70,000 over two years.
The man allegedly posed as a contractor and said the money would help him complete a big project that stood to make a large profit.
Police say the loans were never repaid.
Kelly Marges, 44, is charged with 37 counts of fraud under $5,000 and one count of fraud over $5,000.
He is scheduled to appear in court today.
