Two men are facing fraud-related charges following an investigation linked to a contracting business operating in Mississauga and Brampton, with police warning of additional victims.
Peel Regional Police said in a news release Saturday that complaints were first received in July 2024 about a company operating under the name A&E Contractors.
Following a two-year investigation, police allege that the business had no legitimate operations, a physical address, or corporate records. Investigators estimate known financial losses exceed $800,000.
Timothy Carter, 66, of Mississauga, has been charged with two counts of fraud over $5,000, uttering threats, assault and assault with a weapon.
Marco Maggisano, 55, of Vaughan, has been charged with fraud over $5,000, possession of property obtained by crime and laundering proceeds of crime committed within Canada.
Investigators believe there may be additional victims and are urging anyone who had dealings with A&E Contractors to contact 21 Division’s Criminal Investigation Bureau at 905-453-2121, ext. 2133. Information can also be provided anonymously to Peel Crime Stoppers at 1-800-222-TIPS (8477).
Police are reminding residents to verify contractors before hiring by checking references, confirming business legitimacy and reviewing online feedback. More information on fraud prevention is available on the Peel Regional Police website.
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