The money that was allegedly stolen was from the 2006 sale of the Laughlen Centre Foundation, a long-term care facility for the elderly, which is now closed.
Michael Ingram, 69, was chairman and solicitor at the time.
"Our investigation shows that funds were disbursed in Canada, United States and abroad particularly Switzerland and Bermuda," said Toronto police Det. Phil Chung.
Ingram has been charged with theft over $5,000.