Senior Loses $1.7M in Phone Scam
A 90-year-old man from Victoria, B.C. lost his entire $1.7 million life savings to an elaborate scam.
According to his daughter, the scam began in June 2024 with a call from fraudsters posing as bank investigators from CIBC.
They said, ‘We want to make sure you don’t lose your life savings,’
The caller warned him to stay quiet and withdraw cash so couriers could “keep it safe.” He began withdrawing large sums of cash from CIBC branches.
Author's summary: Senior loses life savings to scam.
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