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Two Ontario men allegedly defrauded Child Aid Society out of more than $250,000: police

The Peel Children’s Aid Society (CAS) was swindled out of more than $250,000 by two employees, according to police.

In a news release, Peel District Police said Fraud Bureau investigators arrested and charged two former employees on Monday.

Several charges have been filed in connection with what investigators claim is called a “purchase and redemption scheme.”

A criminal investigation was launched in July 2022 following an internal review by Peel CAS, resulting in the dismissal of two employees suspected of defrauding the organization.

Police say an investigation suggests the two suspects worked together to defraud the organization of more than $250,000.

As a result, on Monday, police arrested and charged Marino Cader, 43, of Ancaster, Ontario. Andre Paul, 46, of Acton, Ontario.

Cader was the former Director of Finance, Property and Information Technology at Peel CAS and Paul was the former Property Management Coordinator.

Cader has been charged with seven counts of fraud over $5,000 and five counts of outright forgery.

Paul is indicted on three counts of outright forgery.

Both are set to appear in Brampton, Ontario. Court on January 2nd.

In a statement provided to CTV News Toronto, Peel CAS said it was working to recover the allegedly stolen funds.

“We take misconduct within our organization very seriously and are taking steps to protect our agency from incidents of this nature in the future,” the statement said.

“We sincerely thank the staff for alerting senior management of potential concerns.”



Two Ontario men allegedly defrauded Child Aid Society out of more than $250,000: police

Source link Two Ontario men allegedly defrauded Child Aid Society out of more than $250,000: police

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