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

Click to play video: 'Bank suspected fraud, but didn’t tell customer' Bank suspected fraud, but didn’t tell customer
An Oshawa woman who said she had her bank account hijacked and money stolen is angry with Scotiabank for not giving her warning something was wrong. As Sean O'Shea reports, Scotiabank had flagged Charlene Bourne's account about a suspicion of fraud but didn't inform her so she could protect herself – Nov 5, 2018

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.

Read more: Toronto man re-arrested 7 years after Guelph bank defrauded of more than $60,000

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.

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

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Credit card fraud made easy – Nov 16, 2018

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.

Read more: St. Thomas police charge senior after service club loses almost $70K in alleged fraud

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.

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