Cold hard ...and paper cash. It worked for years. ~Quote From A Real Loan Shark. Toronto man faces charges in alleged payment card frauds at big box retailers... TORONTO - A Toronto man is facing several fraud charges after police say a group of people used fraudulent gift cards, credit cards, debit cards and cheques to purchase items at several area retailers. Police allege the group purchased hundreds of appliances, tools and related items from big box retailers, including Home Depot, using payment cards whose values were artificially boosted using forged cheques. Investigators with the financial crimes unit say known losses exceed $395,000, most of them assumed by financial institutions after the frauds were carried out during a 30-day period in August and September. Nao Khou, 51, is charged with three counts of fraud over $5,000 and one count of possession of property obtained by crime over $5,000. Police are also seeking a woman in the case, and have released security camera images in hopes of getting help in identifying her. Khou is scheduled to appear in court Nov. 12. (The Canadian Press)
Posted on: Tue, 01 Oct 2013 17:51:17 +0000
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