Police in Peel Region have announced the arrest of two men in connection with a significant fraud investigation that has left victims with losses totaling over $800,000. The two suspects, Timothy Carter, 66, of Mississauga, and Marco Maggisano, 55, of Vaughan, are facing multiple charges related to fraudulent activities tied to a contracting business named A&E Contractors, which was reportedly operating in Brampton and Mississauga.
The investigation began in July 2024 when local authorities received several reports regarding the operations of A&E Contractors. Complaints from victims highlighted the company's questionable legitimacy, leading police to delve deeper into its activities. Over the course of a two-year investigation, law enforcement officials uncovered alarming details about the company. It was determined that A&E Contractors had no legitimate business operations, lacked a physical address, and did not possess any corporate records that one would typically expect from a functioning business.
The allegations against Timothy Carter and Marco Maggisano extend beyond just fraud. In addition to facing several fraud-related charges, Carter has also been implicated in more violent offenses, including assault, assault with a weapon, and uttering threats. These additional charges highlight the complex and troubling nature of the case, which has raised concerns about potential other victims who may have unwittingly engaged with A&E Contractors.
Police estimates suggest that the financial impact of the fraudulent activities tied to this case exceeds $800,000, indicating a widespread scheme that may have affected many individuals and families. Investigators believe that there may be additional victims who have not yet come forward or reported their experiences with A&E Contractors. To facilitate further investigation and assist potential victims, the police have urged anyone who has had dealings with the company to contact them directly. This outreach is vital not just for the purpose of justice but also to provide support to those who may be struggling as a result of the fraud.
The ongoing investigation reflects a commitment from the Peel Region Police to tackling fraud and protecting the community from such deceitful operations. Authorities are dedicated to uncovering the full extent of the fraudulent activities of A&E Contractors and ensuring that those responsible are held accountable for their actions. As the case develops, it may provide critical insights into how such scams can proliferate and what community members can do to protect themselves from similar fraudulent schemes in the future.
