Mississauga Resident Charged in $11M Toronto Police Fraud Bust


Editor’s Note: All charges against Darrell Shulman have been dropped. 

A dozen people - including suspects from Mississauga, Brampton, and Georgetown - are facing 96 charges in connection with an $11 million fraud case by Toronto police.

"It is so large and the flow of money so complex we couldn't do it ourselves,” said financial crimes Insp. Peter Callaghan. 

Details of Project Briscola were announced during a press conference at Toronto police headquarters on Wednesday morning.

The investigation began in August 2015 following an impaired driving arrest.

A man was found with nearly $10,000 in cash and seven credit cards in his pockets — three in different names.

"It was a smart cop, doing his job properly, that saw something that didn't look right,” said Callaghan. 

“He asked some questions and made some inquiries and called financial crimes to elevate the investigation." 

Investigators - including the RCMP’s integrated marketing enforcement team - allege the suspects have been fraudulently obtaining cash from leasing companies starting in 2014.

Using “inflated financial statements” they applied for leases claiming to be representatives for companies in need of equipment, police say, such as food packaging.

The suspects also claimed to represent the equipment company and provided quotes for high-priced equipment — leasing companies would provide a lump sum payment for these orders.

Equipment that was of low value, or no equipment at all, was provided and the suspects would stop payments to the leasing companies.

Police maintain cash was diverted overseas.

"Some of the accused are alleged to have helped facilitate the flow of money, others in the transactions themselves," Callaghan said.

Investigators further allege 16 leases were fraudulently obtained by these means, representing a total loss of $11 million to victims.

Callaghan said everyone from individual investors to pension funds to small businesses are impacted by these crimes.

Search warrants were executed over the last several weeks in these areas:

1. Elgin Dr./McLaughlin Rd. S., Brampton

2. Islington Ave./Major Mackenzie Dr. W., Vaughan

3. 14th Ave./Woodbine Ave., Markham

4. Main St. N./Guelph St., Georgetown

5. Lake Shore Blvd. W./Louisa St., Toronto

6. Renfrew Dr./Hooper Rd., Markham

The following people have been arrested and charged:

1. Eric Thomas, 57, of Mississauga:

a) Fraud over $5,000

2. Maurizio Adiletta, 53, of Brampton:

a) 14 counts of fraud over $5,000

b) Participate in a criminal organization

3. Mary Sophie Kaloczi, 35, of Georgetown:

a) 14 counts of fraud over $5,000

b) Participate in a criminal organization

4. Ravinder Bedi, 54, of Brampton:

a) Fraud over $5,000

5. Faisal Iqbal Qureshi, 42, of Richmond Hill:

a) 14 counts of fraud over $5,000

b) Participate in a criminal organization

6. Giuseppe Gatti, 48, of Ajax:

a) 14 counts of fraud over $5,000

b) Participate in a criminal organization

7. Taragh Bracken, 47, of Whitby:

a) 14 counts of fraud over $5,000

8. Darrell Shulman, 49, of Thornhill:

a) 14 counts of fraud over $5,000

b) Participate in a criminal organization

UPDATE: Charges against Shulman have been dropped.

9. Pino "Frank" Guido, 53, of Kleinburg:

a) Fraud over $5,000

b) Possession of proceeds of crime

10. Sanjeev Mannan, 48, of Locust Hill:

a) Fraud over $5,000

This charge has been dropped. 

11. Laura Tolosa, 37, of Toronto:

a) Fraud over $5,000

12. Cosimo Commisso, 72, of Vaughan:

a) Possession of proceeds of crime

All of the accused are scheduled to appear in Toronto court at Old City Hall, on Oct. 26 at 9 a.m.

Partners in the investigation include the U.S. Department of Homeland Security, Federal Bureau of Investigation, Australian Criminal Intelligence Commission, Canada Border Services Agency, Canada Revenue Agency, and the provincial Ministry of Finance.

Anyone with information is asked to phone Det. Rick Ramjattan at 416-808-7825 or Crime Stoppers at 416-222-8477.

Photo courtesy of Toronto Police

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