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Calgary police make $2 million fraud bust over prepaid debit cards
Article online since September 3rd 2008, 23:00
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CALGARY - Calgary police have charged four men with defrauding a local business of nearly two million dollars by breaking into its database.
Police say once the accused were inside the business's computer system, they inflated the value of its prepaid debit cards.
They then withdrew the money at ATMs across Canada and several other countries.
The arrests are the result of a seven-month investigation involving police from Montreal, Vancouver and Calgary, as well as U.S. authorities.
Three accused are from Montreal and one is from Israel.
All the arrests were made in Montreal and the accused are now in custody in Calgary.
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