A 21-year-old Toronto male is facing fraud-related charges after impersonating a Durham resident and draining over $45,000 from the bank account.
Investigators from the Financial Crimes Unit initiated an investigation in March after receiving information that a suspect impersonated a Durham resident. The suspect gained access to the victim’s bank account and withdrew over $45,000 over the span of two days, said a police statement.
In January 2020, the suspect attended a CIBC branch in Brampton, used counterfeit identification in the name of a Whitby resident and was able to obtain a replacement debit card, giving him access to the client’s bank accounts. In the following days, the suspect was able to obtain a bank draft in the amount of $40,000 and completed multiple cash withdrawals at ATMs, totaling $5,600. The accused then used private financial services to convert the bank draft and wired the funds into an account in China, said the statement.
Yijie XU, age 21, of Toronto is charged with: Fraud over $5,000; Possession of Property Obtained by Crime Over $5,000; Identity Theft; Identity Fraud and Unauthorized Possession of Credit Card.
The accused was released on an Undertaking.
Anyone with information about this investigation is asked to contact Det. Carriere of the Financial Crimes Unit at 1-888-579-1520 ext. 5279.