Man charged in ‘Project Depot’ fraud case
Posted October 1, 2013 11:27 am.
This article is more than 5 years old.
TORONTO – A Toronto man faces four charges for allegedly defrauding GTA retailers and financial institutions of at least $395,000.
Police began their investigation called Project Depot in August after being notified of a scheme aimed at GTA retailers such as Home Depot.
It’s alleged a group of people defrauded financial institutions and retailers by issuing forged documents and utilizing payment cards whose balances were fraudulently boosted. The activities occurred over a 30-day period during August and September.
Hundreds of appliances, tools, lock sets and other items were fraudulently purchased by the group members.
The financial institutions bore the brunt of the losses, police say.
A raid was conducted at the home of the accused last Thursday and $55,000 worth of goods was seized, police say.
Nao Khou, 51, faces three counts of fraud over $5,000 and one count of possession of property obtained by crime over $5,000.
Police are seeking a female suspect and released security images of her hoping the public can help identify her.
Khou’s next court date is Nov. 12 at the Old City Hall courthouse.
