"The alleged fraud scheme played out over more than a decade and the company's total losses remain unknown. It went undetected because it was allegedly committed by a worker holding that position for so long and being trusted in that position."
"The woman diverted employee wages into her own bank account, and redirected pay from some employees to her family members including her children. That money sent to her children was used to make mortgage payments for a home, which was later sold at a profit."
"The investigation revealed extensive money laundering activity, including the use of cheque-cashing businesses, multiple financial institutions, and the movement of funds across Durham Region, the Greater Toronto Area, and globally, with some activity happening in South America."
An operations manager at ServiceMaster cleaning company in Durham Region orchestrated a fraud scheme spanning over a decade, resulting in losses exceeding $3 million. The 54-year-old woman from Clarington diverted employee wages to her own account and redirected payments to family members, including children, to fund mortgage payments on a property later sold at profit. She submitted 270 fraudulent subcontractor invoices to eight companies, with cheques deposited across 22 accounts. The scheme involved extensive money laundering through cheque-cashing businesses, multiple financial institutions, and international transfers to South America. Eight people have been charged, with five suspects outstanding. The woman turned herself in at the end of January.
Read at www.cbc.ca
Unable to calculate read time
Collection
[
|
...
]