2 GTA men charged in fraud involving alleged fake contracting company

A Peel Regional Police logo is seen in Ottawa, on Sunday, Sept. 28, 2025. THE CANADIAN PRESS/Spencer Colby

A man wanted in connection with an alleged fraud involving a fake contracting company operating in Peel Region has been arrested along with another man.

Peel police had been looking for 66-year-old Timothy Carter since July 2025, following an investigation into A&E Contractors, which was operating in Brampton and Mississauga.

Police first received the allegations against the company in July 2024.

The investigation revealed that the company allegedly had no legitimate business operations, physical address or corporate records, police said.

The alleged fraud resulted in victims losing a total of $800,000.

In a news release on Saturday, police announced that Carter had been arrested and charged with uttering threats, assault, assault with a weapon and two counts of fraud over $5,000.

Officers had also taken 55-year-old Marco Maggisano of Vaughan into custody. He was charged with fraud over $5,000, possession of property obtained by crime, and laundering the proceeds of a crime committed within Canada.

Police said there may be additional victims, who are being urged to call investigators at 905-453-2121 extension 2133.