Toronto man Tzvi Erez charged for printing fraud

The Toronto Police Service, Financial Crimes Unit – Corporate Section has been investigating allegations from complainants of fraud dating back to 2005. 

It is alleged that:

– the accused, who previously owned a printing business, deceived the complainants by claiming to conduct business with world renowned companies such as Tommy Hilfiger, Movado, Colgate-Palmolive, Loblaw and Subway

– the complainants believed they were investing in these printing contracts when in fact, no contracts ever existed

– in total, of the ten complainants who have come forward, the accused obtained approximately $9 million between 2005 and 2009

On Tuesday, October 25, 2011, Tzvi Erez, 44, of Toronto, was arrested. He is charged with:

1) ten counts of Fraud over ($5,000)

He is scheduled to appear in court at Old City Hall, in courtroom 111, on Tuesday, December 6, 2011, at 11 a.m.

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