The police warn people of a mortgage fraud after a court order was issued across Canada for a Toronto resident accused of collecting more than 10 million dollars from the alleged scheme, according to the police.

According to Toronto Police, Yuansen Fu, 23 years old, working with a mortgage broker, targeted law firms in the Chinese community.

According to the police, Fu used the name "Lucas," and using a forged identity, he created fictitious lending and borrowing companies in order to obtain private mortgage loans.

The police say Fu then used fake identities of real people to place fraudulent mortgages on the targeted people's homes without their knowledge.

So far, Fu has obtained more than ten million dollars from mortgages, according to the police, and the fraud targeted several law offices across the Greater Toronto Area.

A Canada-wide arrest warrant has been issued for Fu. He is wanted on charges of conspiracy to commit an indictable offense, fraud over $5,000, and charges related to forgery of documents.

The charges have not yet been proven in court.

The police say Fu is known to visit Vancouver, and is believed to be armed and dangerous. They advise not to approach him if seen anywhere, and to immediately contact local police.

"Investigators advise the public, especially those working in the mortgage and legal professions, to thoroughly check all identity cards and remain fully alert.

Editing: Dima Abu Khair