Couple allegedly defrauded Alberta, B.C. investors of $1.3 million

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Police say Fernando Honorate de Silva Fagundes, 65, and Emilia Alas-As Elansin, 40, have fled Alberta and may be in the Kelowna, B.C. area at this time.

Author of the article:

Stephanie Ip

Police say Fernando Honorate de Silva Fagundes, 65 (right), and Emilia Alas-As Elansin, 40 (left), have fled Alberta and may be in the Kelowna, B.C. area at this time. Photo by HANDOUT / RCMP

A Canada-wide arrest warrant has been issued for a husband and wife alleged to have duped victims in Alberta and B.C. out of more than $1 million.

Fernando Honorate de Silva Fagundes, 65, and Emilia Alas-As Elansin, 40, both currently of no fixed address, are each facing three charges, including both fraud and theft over $5,000 and laundering the proceeds.

Investigators say the pair may be in the Kelowna, B.C. area at this time.

According to Alberta RCMP and fraud investigators, the couple were allegedly running an investment scam under a company identified as Family First Dynasty, Inc. based out of Millarville, Alta.

Police say Fagundes allegedly presented himself as Jovan Cavallon, a day-trading expert, and used an investment course under another company of his, Day Trading Coach Inc., to approach victims. The victims were then offered investment opportunities that were found to be fake.

His wife also used an alias, presenting herself as Janelle Cavallon.

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