The Calgary Police have arrested and charged a man with fraud after he was found to be using fake identification to deposit hundreds of stolen or false cheques.
Police say that between January 2010 and January 2011, Lamin Krubally, 32, of Calgary, created 12 aliases at 13 different banks using fake government papers.
With these phony identities, Krubally allegedly deposited hundreds stolen or fake cheques and withdrew cash immediately before the bank could detect the issue.
Police say this technique is called ‘kiting’.
A total of $250,000 was transferred between various banks on ATMs and Internet banking transfers.
Police, who conducted the fraud investigation over a period of six months, say the bank lost an estimated $35,000.
Krubally has been charged with 16 counts of fraud, including fraud over $5,000, uttering false documents, unlawful use of credit cards, and possession of stolen property.
Anyone with information about this, or other frauds, is asked to call the Economic Crimes Unit at 403-428-8386 or Crime Stoppers anonymously using any of the following methods:
TALK: 1-800-222-8477
TYPE: tttTIPS.com
TEXT: tttTIPS to 274637
