89-year-old scammed out of $1.7M in life savings — blames RBC and CIBC for not protecting him

89-year-old scammed out of $1.7M in life savings — blames RBC and CIBC for not protecting him

A Victoria man says two of Canada’s biggest banks failed miserably in protecting him from one of the largest bank investigator scams ever reported. Royal Bank and CIBC claim they have robust protections in place.

89 year old alleges poor protections after $1.7 drained from Canadian bank accounts

Victim's daughter points finger at banks, but the institutions say they have robust fraud protection