Two business owners Frank Di Nardo and Carlo DeMaria charged in connection to a fraud investigation

This article was last updated on April 16, 2022

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The Toronto Police Service would like to make the public aware of two arrests in an ongoing Fraud investigation.

It is alleged that:

– between February 2012 and May 2014, police investigated a number of business financial transactions

– court orders were obtained, ordering the businesses to turn over records

– the records were fabricated to implicate unsuspecting victims, thereby deflecting from the business owners

On Tuesday, June 10, 2014, Frank Di Nardo, 32, of Brampton, owner of SwiftX Foreign Exchange & Di Nardo Financial Inc. at 9461 Jane Street in Maple, was arrested. He is charged with:

1) two counts of Disobey Court Order
2) three counts of Public Mischief
3) Fabricating Evidence
4) Obstruct Peace Officer
5) three counts Identity Theft
6) Laundering Proceeds of Crime
7) two counts of Possession of Property Obtained by Crime

He is scheduled to appear in court at 1911 Eglinton Avenue East on Thursday, July 31, 2014, 2 p.m., courtroom 407.

On Wednesday, July 2, 2014, Carlo DeMaria, 39, of Maple, owner of The Cash House Inc. at 321 Rogers Road and 80 Bass Pro Mills Drive, Vaughan, was arrested. He is charged with:

1) Disobey Court Order
2) two counts of Public Mischief
3) Fabricating Evidence
4) Obstruct Peace Officer
5) two counts of Identity Theft
6) Laundering Proceeds of Crime
7) two counts of Possession of Property Obtained by Crime

He is scheduled to appear in court at 1911 Eglinton Avenue East on Wednesday, August 20, 2014, 2 p.m., courtroom 407.