Bail granted for Toronto man involved in alleged employee fraud

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Net Patrol International Inc.  Data Investigation and Forensic Services
Bankruptcy and Insolvency Trustees

The Crown has consented to grant bail to Mike Di Giulio (40) from Etobicoke, Ontario, until March 30, 2017. He was being held in custody stemming from various fraud charges related to a scam where Mr. Di Giulio informed falsely represented that he worked for United Airlines, and that he had access to foreign exchange transactions through Travelex.

“Obvious risk to the public with Mr. Di Giulio being released”

The decision to grant bail was in part to provide Di Giulio the opportunity to make restitution to his victims prior to a sentencing hearing. The ability to make restitution is not based on known assets or income of Di Giulio. Rather, whether he makes restitution likely will result only if he turns over funds he has stashed away from previous frauds that he has been convicted of.

In 2008 Di Giulio was accused of defrauding his own wife, family and friends of millions of dollars. He was later convicted of fraud, but most of the money was never traced or located. The story of Di Giulio’s frauds was reported widely in July 2008 – for example Accused Defrauded Own Family, Police Say.

After being released from prison, Di Giulio continued his fraudulent ways, this time using the alias of Michael D’Angelo. An alias was used by Di Giulio due to the wide exposure of his previous frauds. This story too was circulated in the press in January 2016 – for example: Toronto Man Charged After Fake Airline Ticket Scam Netted $275,000.

“There is an obvious risk to the public with Mr. Di Giulio being released”, states Norman Groot, a fraud recovery lawyer with Investigation Counsel PC. “Even if Mr. Di Giulio did come up with funds to make restitution, the source of those funds would need to be scrutinized.”

The source of funds for restitution has been the source of litigation before, when a known fraudster perpetrated further frauds to make restitution payments. This issue has been more fully explored in the article What Fraud Victims Should Know About the Tort of Dishonest Receipt – the Misuse of Criminal Restitution Orders.

Anyone with information about Mike Di Giulio is asked to contact Investigation Counsel PC at 416-637-3150, or admin@investigationcounsel.com.