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The ex-secretary of Serbian Orthodox Diocese of Canada, located in Milton, Ont., has been arrested and charged with fraud after a police investigation found over $200,000 went missing from the diocese.
Halton Regional Police arrested Jovan Marjanac, 40, of Wingham, Ont., on Oct. 21. He has been charged with fraud over $5,000.
Investigators from the financial crimes unit allege Marjanac made fraudulent expense claims and redirected funds intended for the diocese into his own accounts.
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The arrest has affected the Serbian Orthodox community “to a huge magnitude,” says Goran Todorovi?, vice-president of the diocesan…
Insurance fraud involves making false or exaggerated claims to an insurance provider.
- Hard Fraud: Someone deliberately causes a loss (e.g., setting fire to a warehouse or staging a car accident) specifically to collect a payout.
- Soft Fraud: More common and often viewed as “victimless” by the perpetrator. It involves exaggerating a legitimate claim, such as overstating the value of stolen items in a home burglary to cover the deductible.