Four Toronto Transit Commission (TTC) employees have been arrested for allegedly making fraudulent purchases using company funds as part of a joint investigation between the Toronto Police and the TTC.
The investigation, called “Project Rocket,” led to the execution of three warrants on Wednesday.
Amadeo Cuschieri, Maciej Zych, Steve Cuschieri and Dan Doron face numerous charges in relation to fraud, theft and possession of stolen property. Warrants of arrest are outstanding for two more people.
The accused allegedly used TTC funds to purchase equipment for personal use.
TTC CEO Andy Byford said Wednesday, “It is alleged that over the course of several years, these individuals stole, defrauded and attempted to circumvent TTC purchasing policies and authorities, harming our collective reputation and the public’s trust of us in the process.”
Byford said the TTC was fully complying with investigators that the agency had already instituted major policy changes to help it better detect and eradicate unethical behavior on the part of its employees.
In addition to strengthening the Integrity program, Byford said the TTC would create a comprehensive whistleblower policy and a code of ethics, and require ethics training for supervisory and management staff.
Julie DiMauro is the executive editor of FCPA Blog and can be reached here.