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3 charged in $600,000 bank fraud scheme

July 12, 2011
Total Loss: $600,000

Three GTA residents accused of bilking financial institutions of a total $600,000 after receiving loans face multiple criminal and business infraction charges.

The 47 Criminal Code and Canada Small Business Financing Act charges were laid after an RCMP, Industry Canada and the Royal Bank of Canada (RBC) investigation, they announced Monday.

Source: Toronto Sun
Posted in: New Account Fraud
Tags: forgeryloan fraudnew account fraud