This article was last updated on April 16, 2022
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Following a six-month investigation, the Calgary Police Service has charged a man with 16 fraud-related offences.
Between January 2010 and January 2011, a man used false government identification to create 12 aliases at 13 bank branches, which enabled him to deposit hundreds of stolen or fabricated cheques. Using a process called ‘kiting’, the man deposited the fraudulent cheques and then withdrew the funds in cash before it was detected by the bank.
A total of $250,000 was transferred between various banks using automated teller machines (ATMs) and Internet banking transfers. The loss to the bank is estimated at $35,000.
Lamin Krubally, 32, of Calgary, was arrested by investigators from the Economic Crimes Unit on Monday, Dec. 17, 2012, and is charged with 16 counts, including fraud over $5,000, uttering false documents, unlawful use of credit cards and possession of stolen property.
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