Man Charged in Bank Fraud

 

A man faces a number of fraud related charges in connection with an ongoing investigation.
 
Police were contacted on October 22 after several financial institutions became suspicious of a customer’s bank account applications. Officers discovered the man in question was in possession of fake identification and was using it to apply for bank accounts. The matter was then turned over to the HRP/RCMP Integrated Financial Crime Unit. The investigation determined that a number of bank accounts were opened using false identification but the institutions did not sustain financial losses.
 
On October 25, the suspect was arrested as he was attempting to open another account using the same false identification.  He was charged with numerous frauds related charges, held over the weekend and will appear in Halifax provincial court today.
 
Fifty-four-year-old Wade Lance Day of Montreal currently faces a total of 27 fraud related charges consisting of using forged documents, uttering forged documents, identity theft, identity theft to gain advantage and identity theft to cause disadvantage.
 
Identity theft is a reality and has become more common with advancements in technology. It involves the unauthorized collection and use of personal data, usually for criminal purposes. Essentially, criminals can use your personal information – your name, date of birth, address, social insurance number, credit card information and other banking details – to create a false identity to open bank accounts, secure credit, obtain utilities and services, rent vehicles, equipment or accommodations and even get a job. To learn how to protect yourself, visit http://www.halifax.ca/Police/Programs/fraudprevention.html
 
Source: Release
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