Blasé news diary: blasting horns to the dormant sheep about politics and the lack of democracy due of the engulfing consumerism
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Despite that warning, a bank employee emailed the fraudster, asking for the address of the bank account owner — adding a senior Cidel employee and McLeod to the email thread.
Bank wires fraudsters over $800K of retiree's savings, despite red flags
A Calgary retiree says he was "sick to his stomach" after learning his bank wired more than $800,000 of his savings to fraudsters despite security red flags.
Rod McLeod, 75, was a longtime customer with Cidel Bank — one of dozens of private banks in Canada that handle wealth management for people with high incomes or sizeable assets.
"It has turned my life upside down," says McLeod, a retired lawyer. "I expected them to protect me."
McLeod is suing, alleging "negligence, breach of contract and breach of fiduciary duty" by Cidel in a statement of claim filed last week.
If you have a story in the public interest, or if you're an insider with information, contact GoPublic@cbc.ca with your name, contact information and a brief summary. All emails are confidential until you decide to Go Public.
In September 2018, McLeod was excited to make an offer on a condo in Rancho Mirage, Calif. -- just north of Palm Desert.
He had Cidel wire a deposit to a California bank account and waited for instructions on the outstanding balance of $619,000 US ($820,000 Cdn). A few weeks later, an email supposedly from the realtor handling the sale, said the balance should go to a different bank — Chase Bank in Denver, Colo.
I can't believe that this is happening, within such a huge transaction it should have been done in person not by email!