Toronto Police have arrested and charged a man who allegedly defrauded TD bank of almost $1 million.
Police say the 30 year old man was a Toronto-Dominion Bank (TD) employee as a manager in the Trade Support Group for TD Securities.
It’s alleged he defrauded TD of approximately $921,310.00 over a time span of six years.
The man fraudulently obtained funds through improper requests for TD bank drafts and set up a shell company called MRS Consulting Ltd. and with this company, he would invoice TD for non-existent services.
The man also submitted fraudulent manual expense claims to TD
On Thursday, September 8, 2016 30 year old Duane Sahadeo, of Pickering, was arrested.
He was charged with fraud over $5000 and utter forged document.
He is scheduled to appear at Old City Hall court on Friday, September 30, 2016, at 9 a.m., in court room 111.
Anyone with information is asked to contact police at 416-808-7300, Crime Stoppers anonymously at 416-222-TIPS (8477) or online at www.222tips.com.