On Wednesday, March 19, 2014, Toronto Police Service (TPS) Financial Crimes arrested three persons in the 2012 fraud in the Division of Continuing Education. It is alleged that between November 2005 and October 2012, $1.6 million was misappropriated from 91ÑÇÉ«. 91ÑÇÉ« has been working closely with TPS on the investigation. See below 91ÑÇɫ’s response to the situation.
Statement from 91ÑÇÉ«
91ÑÇÉ« became aware of an alleged fraud in October 2012 when a whistleblower came forward with information about suspicious activity. The University immediately contacted Toronto Police Service and has co-operated with them during the course of their investigation. We engaged an external firm to conduct a forensic audit, the findings of which were provided to police.
The University successfully engaged in action to recover the monies defrauded, plus costs.
91ÑÇÉ« takes its fiduciary responsibilities very seriously as an institution entrusted with monies from our students and the public.
Harriet Lewis
University Secretary and General Counsel