4 arrested in $1.8M defrauding of Calgary company
Last Updated:
Thursday, September 4, 2008 | 2:09 PM MT
Calgary police say they have arrested members of an organized crime group from Montreal accused of defrauding a Calgary business of $1.8 million.
Officers with the commercial crime unit said Thursday that the four men — charged with fraud — hacked into a database and falsely inflated the value of debit cards.
Police said the accused made cash withdrawals on the cards at several ATMs throughout Canada and in a number of other unnamed countries. Most of the Canadian withdrawals happened in Montreal.
All four were arrested in Montreal and transported to Calgary on Tuesday.
The seven-month investigation was a joint effort of police from Montreal, Vancouver and the United States Secret Service.
Calgary police are expected to release more details later Thursday.
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