A Guelph couple has lost US$25,000 after falling victim to a sophisticated bank scam, according to local police. The scam, which occurred in recent days, involved fraudsters posing as bank representatives who convinced the victims to transfer funds to a so-called “safe” account.
How the Scam Worked
The couple received a call from someone claiming to be from their bank’s fraud department. The caller warned that their accounts had been compromised and instructed them to move their money to a new account for protection. Believing the caller, the couple transferred US$25,000. Soon after, they realized the money was gone and contacted police.
Police Investigation and Warnings
The Guelph Police Service is investigating the incident and has issued a warning to residents about such scams. “Banks will never ask you to transfer money to another account for security reasons,” said a police spokesperson. “If you receive such a call, hang up and contact your bank directly using a trusted number.”
Rising Trend in Financial Fraud
This case is part of a growing trend of financial fraud targeting Canadians. According to the Canadian Anti-Fraud Centre, losses due to scams have increased significantly in recent years. Authorities urge the public to be cautious and verify any unsolicited requests for money or personal information.
Tips to Avoid Scams
- Never give out personal or financial information over the phone unless you initiated the call.
- If someone claims to be from your bank, hang up and call the number on the back of your card.
- Be wary of urgent requests for money transfers or payments.
- Report any suspicious calls to local police and the Canadian Anti-Fraud Centre.
The couple is devastated by the loss and hopes their story will prevent others from falling victim. Police continue to investigate, but recovering the funds may be difficult.
