Former not-for-profit employee arrested for fraud after allegedly obtaining 700K from organization
Posted May 9, 2024 4:47 pm.
Last Updated May 9, 2024 6:25 pm.
Toronto police have arrested a former not-for-profit employee for allegedly fraudulently obtaining over $700,000 from the organization.
Investigators say that between Nov. 2022 and Dec. 2023, the suspect was employed at a Toronto not-for-profit.
It’s alleged during this time the suspect created false vendor invoices and bills that were payable to bank accounts he had access to and used funds from the not-for-profit to pay those fraudulent invoices and bills.
Through this, the suspect allegedly obtained over $700,000.
On May 8, Abbas Ali, 36, of Richmond Hill was arrested and charged with two counts of fraud over $5,000, two counts of Possession of Property Obtained by Crime Over $5000, two counts of Proceeds Obtained by Crime Over $5,000, forgery, utter forged document and launder proceeds of Canadian crime.
He is scheduled to appear in court on July 2. Investigators have released his photo as they believe there may be other alleged victims.
