CBC: BMO's mortgage fraud claims won't be probed

tuvor

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Mon May-10-10 12:00 AM
Original message

CBC: BMO's mortgage fraud claims won't be probed

RCMP and the Calgary police have told the Bank of Montreal they won't investigate what could be the biggest mortgage fraud in Canadian history, CBC News has learned.

Both police forces stated last week they were reviewing the voluminous case � more than 35,000 documents � assembled by the bank's investigators to see if a criminal investigation was warranted.

But sources have told the CBC that top investigators from both forces recently met with the bank and told it they were not interested in pursuing a criminal investigation.

In an email Sunday, the bank's Calgary lawyer, Munaf Mohamed, declined comment.

...

http://www.cbc.ca/canada/calgary/story/2010/05/09/calgary-bmo-mortgage-fraud.html

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daleo

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Mon May-10-10 05:36 PM
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1. White collar crime is hard to investigate and hard to prove

So we will just ignore it, and move on to easier crimes.

That's what this amounts to, to me.

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shockedcanadian

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Tue May-11-10 06:32 PM
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2. Im sure BMO shareholders appreciate this

Wow. This tough on crime mantra has these criminals shaking in their boots. Thats showing them! Get out of of jail free.

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CHIMO

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Tue May-11-10 07:05 PM
Response to Reply #2

3. Well

Edited on Tue May-11-10 07:19 PM by CHIMO

It is classified as fraud. I for one don't think excessive funds should be spent to chase people, who may have taken money from a company that left their front door open. Let their shareholders deal with the managers.

It is fraud. There are two parties involved in a fraud.

I don't think my money should be spent to support My Bank!

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Tue May 07th 2024, 12:44 AM
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