A husband and wife from Lake of Bays are facing fraud charges. Huntsville OPP Constable Lynda Cranney says officers arrested Dianna Rose Smirnow and Nicholas Smirnow at the Toronto Airport on Friday after the pair came back to Canada from a trip.

Dianna Smirnow is facing fraud over $5,000 and making a false statement in writing. Meanwhile, Cranney says Nicholas Smirnow had outstanding warrants from a different investigation with the Anti-Rackets Branch and the Muskoka Crime Unit.

According to an article from The Huntsville Forester published in 2010, Smirnow was charged with 10 counts of fraud and conspiracy in the US because of an online Ponzi scheme that stole $70-million from 40,000 investors across the globe. The alleged scheme was apparently active from September 2007 to 2008. Smirnow is in Bracebridge court on January 5th, while his wife faces her charges in Bracebridge court on Monday.