Phoney Bank Inspectors are Creating Real Victims


The Ontario Provincial Police (OPP) has been receiving reports of financial scams targeting seniors and other vulnerable people.

In this scam, individuals claiming to be investigators from one of Canada’s chartered banks convince victims to withdraw funds for use as evidence to assist with a bogus theft investigation involving bank personnel.  After the money is withdrawn and handed to the phoney bank inspector, the victim is told to go home and wait for a call confirming the money has been re-deposited in their account.  That call never comes. In several recent cases in the province, victims have complied and were subsequently defrauded of thousands of dollars.

Guard against becoming a victim before providing money or credit card information. Check with another family member or trusted friend to verify the information.

Remember, neither your financial institution nor a police investigator will ever ask you to withdraw money from your account or assist with an undercover investigation. It is also vitally important that the incident be reported if it does occur, to allow police to investigate and charge the perpetrators.

If you suspect you or someone you know has been a victim of fraud, contact your local police service, the Canadian Anti-Fraud Centre at 1-888-495-8501, or Crime Stoppers at 1-800-222-8477 (TIPS) and report the crime.

FRAUD…Recognize it…Report it…Stop it.