Toronto Police Services have charged two former York University employees with laundering proceeds of crime, according to a June 7 Toronto Police Service press release
The two are accused of defrauding the institution of approximately $1.2 million dollars between May 2007 and April 2010, according to the press release.
Michaelo Markicevic 53, former assistant vice-president of campus services and business operations, and Philip Brown 46, former director of maintenance, are accused of invoicing and billing the university for goods and services they never received, and in excess of fair market value said the press release.
“As a not-for-profit institution entrusted with monies from our students and public funds, York University takes its fiduciary responsibilities very seriously and has rigorous procurement policies and procedures in place,” York University president and vice-chancellor Mamdouh Shoukri said in a statement.
Both men are charged with laundering proceeds of crime, while Brown was charged with one count of fraud and Markicevic was charged with two counts of fraud over $5,000.
