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RBC and CIBC allow 89-year-old to drain life savings, lose $1.7M to scammers
WATCH | An elaborate scam: Elderly man loses $1.7M to fraud, family questions why banks didn’t stop it | Go Public | Duration 2:12 The family of an 89-year-old man is questioning why neither RBC nor CIBC didn't stop him from draining his $1.7-million life savings, despite promises to help keep seniors safe from fraud.
Ray Anholt of Victoria recently marked his 90th birthday, but says there was little to celebrate — being the victim of one of the largest-ever bank investigator scams reported in Canada, he was left virtually penniless.
Over six months last year, Anholt lost his life savings — almost $1.7 million.
The scam involved phoney bank employees, fake official letters from various government bodies and politicians, piles of cash, massive
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