Former HSBC employee charged with $3-million bank fraud, warrants issued for partner

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A 61-year-old Edmonton man is accused of defrauding a city HSBC branch for $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.

Canada-wide warrant issued for his partner

“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,” said Staff Sgt. Sid Kingma in a news release. 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.

Read more at CBC News and The Edmonton Journal

This article is summarized by Canadian Fraud News Inc.