Dentons Associate Duped into Transferring $2.5 Million to Fraudster’s Account
An associate at Dentons Canada fell victim to a scammer who posed as a mortgage company representative and two bank officials to persuade him to transfer $2.5 million into the fraudster’s account.
A decision in a Toronto court revealed that the associate sent the money from a property sale to a Hong Kong bank account after he received emails requesting the transfer in a business deal, according to a report in the ABA Journal.
The Journal‘s Debra Cassens Weiss reports:
“The fraudster had sent emails to the associate in early January 2017 advising that money from the property sale should be wired to Hong Kong because of an audit of the mortgage company’s account. Dentons called the mortgage company, Timbercreek Mortgage Servicing, to confirm the Hong Kong account information but did not receive a call back, according to [the judge].”
The case came to light over litigation involving the firm’s insurance coverage.
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