Edmonton

Edmonton man, partner charged in $3M bank fraud

A 61-year-old Edmonton man is accused of defrauding a city HSBC branch for $3-million over a period of five years.

Bank employee used his position and authority to defraud his employer of a 'significant amount of money'

Two men are facing charges in relation to a $3 million bank fraud at an Edmonton branch of HSBC. (Kirsty Wigglesworth/Associated Press)

A 61-year-old Edmonton man is accused of defrauding a city HSBC branch of $3 million over a period of five years.

Economic Crimes Unit investigators say the man, a former employee of HSBC Bank Canada, used a range of methods to divert the money into accounts controlled by him and his 59-year-old life partner over a five-year period starting in 2004.

"This was an individual that is alleged to have used his position and authority at a financial institution to defraud his employer of a significant amount of money," Staff Sgt. Sid Kingma said in a news release.

The fraud was initially discovered through HSBC's internal controls, police said.

The man is charged with fraud over $5,000, theft over $5,000, forgery, laundering the proceeds of crime and impersonation.

A Canada-wide warrant was issued for his partner, a man who is known to frequent the Greater Vancouver area and the Philippines, his country of birth.

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