Former TD Securities employee charged with defrauding bank of close to $1 million - News Summed Up

Former TD Securities employee charged with defrauding bank of close to $1 million


A former manager at TD Securities is facing charges after police allege he defrauded the company of close to $1 million. Duane Sahadeo, of Pickering, was a manager in the Trade Support Group for TD Securities. Natalie Hegarty, of the Toronto police Financial Crimes Unit, said the 30-year-old Sahadeo resigned in Apr. Sahadeo is accused of fraudulently obtaining funds from TD over a period of six years prior to his resignation. Police allege he made improper requests for bank drafts through a shell company he set up, called MRS Consulting Ltd., and invoiced TD for “non-existent services.”


Source: thestar September 13, 2016 16:52 UTC



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