Toronto police say 12 people are facing a combined 102 charges in connection with an investigation into a major credit fraud scheme.

The charges were announced Monday as police provided an update on a probe into “synthetic-identity fraud” dubbed Project Déjà Vu.

Det. David Coffey, of the Financial Crimes Unit, said synthetic-identity fraud is a form of financial fraud in which fictional personal information is used to open accounts at financial institutions and other businesses.

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