Toronto man arrested in fraud case that cost bank client over $93,000: Guelph police

Guelph police say a Toronto man has been arrested in connection with a bank fraud investigation that saw a client lose over $93,000.

The investigation dates back to August 2020 when someone entered a bank branch in Guelph’s south end and obtained a new bank card with a fake driver’s licence.

Police said the suspect also managed to provide personal information about an actual client.

“While impersonating that client, the male was able to send a wire transfer for $93,700 to another bank account, explaining it was intended to purchase property in Toronto,” police said.

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The service added that the victim saw the money being moved but could not contact the bank in time to stop it.

2:16 Credit card fraud made easy

Police said the bank refunded the victim’s money. While the bank managed to recover almost $75,000, police said nearly $19,000 is still missing.

On Tuesday, police arrested a 35-year-old man and charged him with identity theft, personation, fraud over $5,000, laundering, and two counts of failing to comply with a court order.

The accused has not been identified and is scheduled for a bail hearing in Guelph on Feb. 22.