Telemarketing fraud costs Canadians $20 million

Telemarketing fraudsters bilked thousands of Canadians and Americans of $20 million before the RCMP...

Telemarketing fraudsters bilked thousands of Canadians and Americans of $20 million before the RCMP broke up the ring, police said. (Fotolia)

Brian Daly, QMI Agency

, Last Updated: 3:00 PM ET

MONTREAL — Telemarketing fraudsters bilked thousands of Canadians and Americans of $20 million before the RCMP broke up the ring, police said.

Mounties said officers arrested 15 people Tuesday who worked at a bogus call centre in downtown Montreal.

Quebec provincial police and U.S. authorities also took part in the operation.

Several people had filed police complaints beginning in 2011, investigators said.

"The investigation suggests that the funds illegally obtained from the victims were cashed in by the suspect through his own money transfer and communication services company," the RCMP said in a statement.

"Investigators suspect that this individual was also laundering the funds from the victims in various countries, including for the benefit of other scammer networks."

A separate but related investigation has been launched by the U.S. Federal Trade Commission and Department of Homeland Security.


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