Former HSBC employee charged in $3-million bank fraud

An Edmonton man is facing multiple charges for allegedly defrauding a financial institution of more than $3 million.

The frauds are alleged to have occurred over a five-year period between 2004 and 2008 at an Edmonton branch of HSBC Bank Canada.

Economic Crimes Unit investigators believe Theodore (Ted)/Franklin Glade, 61, a former employee of HSBC Canada, engaged in a range of methods that saw the fraudulent diversion of millions of dollars into accounts that were controlled by Glade and his former life partner, Edmund Leonardo, 59.

“This was an individual that is alleged to have used his senior position and authority at a financial institution to defraud his employer of a significant amount of money,” said Staff Sgt. Sid Kingma, of the EPS Economic Crimes Unit.

Investigators arrested and charged Theodore (Ted) Franklin Glade on Nov. 2, 2016 with:

-       Fraud over $5,000.

-       Theft over $5,000.

-       Forgery.

-       Utter forged documents.

-       Launder proceeds of crime.

-       Theft over $5,000 (x3).

-       Personation to gain advantage.

A Canada-wide warrant has also been issued for Edmund Leonardo, for five fraud-related offences.

Leonardo is known to frequent the Greater Vancouver area and the Philippines, his birth country.

Anyone who has information regarding the whereabouts of Edmund Leonardo is asked to contact the EPS at 780-423-4567 or #377 from a mobile phone. Anonymous information can also be submitted to Crime Stoppers at 1-800-222-8477 or online at http://ift.tt/1az8Eve.



from Media Releases http://ift.tt/2fKLImn