News Release header

Public Safety Alert,
Finance job scam

Broadcast time: 14:00
Date: Friday, January 8, 2021
Unit: 51 Division
Phone: 416-808-5100
Case #: 2020-2440854

The Toronto Police Service is advising the public of an ongoing job scam.

It is reported that the victim is hired as a 'loan processor' after an online job application.

As part of the role, the victim is instructed to attend several addresses within the City of Toronto to pick up cheques from mailboxes before depositing them.

The victim is then instructed to withdraw cash from their own account and meet people who are purporting to need loans. The cash is handed over to the fake clients or the victim is instructed to send e-transfers to them.

In both scenarios, the cheques that have been deposited are not honoured by the bank and the victim is ultimately left in financial debt.

The Toronto Police Service is reminding the public to remain vigilant, especially during these uncertain times. It is best to thoroughly research any prospective employers and question activities that require dealing with quantities of money, especially in unusual circumstances.

Anyone with information in relation to this type of fraud is asked to contact Detective Constable Elliott Lee at 416-808-5179, or Crime Stoppers anonymously.

Details can also be passed on to police at 416-808-5100, Crime Stoppers anonymously at 416-222-TIPS (8477), online at, online on our Facebook Leave a Tip page, or text TOR and your message to CRIMES (274637). Download the free Crime Stoppers Mobile App on iTunes or Google Play.

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Constable Michelle Flannery, Corporate Communications, for Detective Constable Elliott Lee, 51 Division