Toronto, Ontario – The Toronto Police Service would like to make the public aware of an arrest made in a fraud investigation.
It is alleged that:
a man was a Toronto-Dominion Bank (TD) employee as a manager in the Trade Support Group for TD Securities
the man defrauded TD approximately $921,310.00 over a time span of six years
the man fraudulently obtained funds through improper requests for TD bank drafts
the man 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 , at 7:40 a.m., Duane Sahadeo, 30, of Pickering, was arrested.
He was charged with:
1. Fraud Over $5000
2. 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), online at www.222tips.com, or text TOR and your message to CRIMES (274637).
Case #: 2016-988438
Toronto Police Service