A 23-year-old man from Winnipeg is facing a single fraud charge, but it's a charge that apparently cost the Qikiqtani Inuit Association more than $2 million.
Iqaluit had started an investigation after being contacted by the QIA last month about missing money. With help from QIA staff and Manitoba , they were able to arrest Chukwuma Eruchalu and charge him with fraud over $5,000.
According to police, Eruchalu was able to allegedly pull this off by using what's known as a business email compromise, which is where an individual compromises legitimate business email accounts through social engineering or computer intrusion to conduct unauthorized transfers of funds.
According to the Canadian Anti-Fraud Centre, more than $67 million has been lost to such scams in Canada since the start of 2024.
Eruchalu was remanded into custody and is scheduled to appear in court in Iqaluit on May 27.
