The Toronto Police Service alleges that a TD Securities Inc. manager defrauded the investment dealer in a phoney invoicing scheme.

Police announced Tuesday that they arrested a Pickering, Ont. man, Duane Sahadeo, 30, and charged him with fraud over $5,000 and uttering a forged document. The allegations have not been proven. Sahadeo is scheduled to appear in court on Sept. 30 in Toronto.

According to police, Sahadeo, who was employed as a manager in the trade support group at TD Securities, allegedly defrauded the firm of approximately $921,310 over a six-year period.

“The man set up a shell company called MRS Consulting Ltd. and with this company, he would invoice TD for non-existent services,” police say, adding that he also “submitted fraudulent manual expense claims to TD.”