A Calgary man is accused of running an investment and immigration scheme that defrauded members of Asian communities more than $6 million.

Police arrested a 38-year-old man after an investigation that began in 2010.

It’s alleged the man operated a Ponzi scheme for five years in which victims were tricked into investing in a phony electronics importing business.

Police said the man is also accused of falsely promising assistance to potential immigrants, defrauding numerous clients of up to $50,000 over a nine-year period.

Anyone who has been the victim of these types of frauds is encouraged to call police or Crime Stoppers.