Additional fraud-related charges laid on Niagara Falls accountant

Police have laid additional charges on a Niagara Falls accountant in connection with a fraud investigation that began in February 2024.

Between February 2024 and August 2025 detectives were investigating a complex fraud that was alleged to have occurred between June 2022 and January 2024.

Investigators learned that a business hired an accountant who is the sole director of Ontario Incorporated 2629884 and owner of Justinjay Tax, Accounting & Advisory Services to assume all accounting services.

The business soon became skeptical of the accounting practices, resulting in a third-party review. This review resulted in allegations of fraud.

As a result of the investigation, authorities learned that the commercial business had been defrauded an amount in excess of $200,000.

On Aug. 13, 2025, 44-year-old Cherrel Monton-Matsugu was arrested and charged with the following offences:

• Fraud over $5,000
• Unauthorized Use of Credit Card
• Falsify Book or Documents
• Criminal Breach of Trust

The complainants in this matter have requested that police not release further details and the identity of the involved business.

Officers say the investigation remains ongoing as they suspect there may be more victims.

Anyone with relevant information about this investigation is asked to contact police at 905-688-4111, option 3, ext. 1009488.

Those wishing to provide information anonymously can contact Crime Stoppers of Niagara online or by calling 1-800-222-8477.

READ MORE: Niagara accountant arrested following fraud investigation