12 arrested in Toronto for an 8-year synthetic-identity fraud scheme, causing $4M losses to local businesses & financial institutions.
12 people have been arrested in Toronto for an eight-year synthetic-identity fraud scheme, leading to 102 charges and $4 million in losses for local businesses and financial institutions. The investigation, called Project Déjà Vu, revealed the creation of over 680 unique synthetic identities used to open hundreds of bank and credit accounts, facilitating in-store and online purchases, cash withdrawals, and electronic fund transfers.
April 29, 2024
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