Dan Howard, president of Live Electric in Cambridge, Ontario, reported that cheques were stolen from a community mailbox, altered, and fraudulently deposited. The incident occurred recently, and Howard discovered the theft when a client notified him that a cheque had been cashed for an incorrect amount.
Details of the Theft
Howard explained that the stolen cheques were taken from a Canada Post community mailbox. The thieves altered the payee name and amount before depositing them. He stated that the cheques were intended for legitimate business payments but were intercepted and modified. The total value of the fraudulent deposits is being investigated.
“It was a shock to see that someone had gone through the trouble of stealing and altering cheques,” Howard said. “We’re working with the bank and police to resolve this.”
Police Investigation
Waterloo Regional Police are investigating the fraud. They urge businesses and residents to monitor their mail and bank accounts regularly. Police have not released specific details about suspects but confirmed that the case is active.
According to police, cheque fraud is a growing concern, with criminals targeting community mailboxes. They recommend using secure mailing options or electronic payments to reduce risk.
Impact on Business
Howard noted that the fraud has caused financial strain and administrative burden. Live Electric has had to reissue payments and work with clients to correct the errors. He advises other business owners to be vigilant and consider alternative payment methods.
“This has been a headache,” Howard said. “We’re a small business, and every dollar counts. I hope others learn from our experience.”
Community Response
The incident has raised concerns in the local business community. Some contractors are now opting for digital payments to avoid similar thefts. Canada Post has not commented on the specific incident but encourages customers to report mailbox tampering.
