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Ex con HSBC customer in Quebec under investigation

January 4, 2011
Total Loss: $100,000

A second customer of a Montreal-area HSBC Canada branch is under investigation by the RCMP and police in the United States for allegedly using his bank account to further continent-wide fraud, QMI Agency has learned. Police are investigating ex-convict Renato Santoro, 57, for alleged involvement in several schemes that saw more than $101,600 U.S. -- "money obtained by fraud" -- move into his bank accounts after elderly residents from across the U. S. were duped, court documents show.

Source: Toronto Sun
Posted in: ACH and Wire Fraud