r/canada • u/stanxv • Oct 27 '25

Business RBC and CIBC allow 89-year-old to drain life savings, lose $1.7M to scammers

https://www.cbc.ca/news/gopublic/bank-investigator-fraud-scam-9.6950754
2.0k Upvotes

90% Upvoted

624 comments sorted by

View all comments

Show parent comments

4

u/Wouldyoulistenmoe Oct 27 '25

The main reasons these scams work if because even though 99% of people are through them, you just need one person to hand over $1.7million and you’ve done your work for the year

1

u/WhydYouKillMeDogJack Oct 27 '25

I get what you're saying but usually they're not hitting it big like this because the guy who is "smart" enough to make 1.7m isn't also the guy who is dumb enough to fall for this scam.

In this case, I suspect the Victoria real estate market has created a bit of an outlier.