The City of Ottawa has managed to get back more than half of the money it lost in a fraudulent transaction it disclosed earlier this month.
CBC NewsThe city said it had lost $558,000 after a partner organization fell victim to fraud. It now says $355,000 of that is on its way back to city bank accounts.after a partner organization fell victim to an "illegal action." It now says $355,000 of that is on its way back to city bank accounts.
The city identified the Salvation Army Ottawa Booth Centre as the partner organization on Friday. It said the organization was working with the city and Ottawa police on this investigation. In an emailed statement the Salvation Army said it was aware of what happened and that it was working with third-party experts to investigate further.On Tuesday, the city filed a statement of claim in court in Toronto — where the misdirected funds were deposited in a bank.
"A legal action is required in cases of fraud when funds have to be retrieved from financial institutions," the memo reads. At the same time it filed a request for an emergency motion seeking an order "authorizing and directing" TD Bank and other financial institutions to trace the funds and temporarily freeze any accounts where the stolen funds were deposited.The order also requires the banks to disclose any information discovered during their tracing, including who the recipients are and where the funds are being held.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ottawa toddler forced to fend for himself for 10 days after mother killed, court hearsFor 10 long days in March 2017, a two\u002Dyear\u002Dold Ottawa boy fended for himself in a small public\u002Dhousing unit after his mother was raped, strangled to death, and…
Read more »
Vaughn Palmer: Cash from Ottawa needed to solve health-care crisis, says HorganOpinion: Horgan offers tart reminder to Ottawa about who delivers health care in this country
Read more »
Canada's airline industry calls on Ottawa to reject Flair exemptionCanada's airline industry calls on Ottawa to reject Flair exemption — via financialpost Transportation News Airlines Canada
Read more »
Canada's airline industry calls on Ottawa to reject Flair exemptionCanada's airline industry calls on Ottawa to reject Flair exemption — via financialpost Transportation News Airlines Canada
Read more »
Philip Cross: Federal budget 2022 shows Ottawa still doesn’t understand innovationNudges will not be enough to make up for Canada’s persistent innovation deficit
Read more »
Ottawa feared repeat of 2020 rail blockades before B.C. pipeline arrests last fall, documents sayDetails of the rising tensions around construction of the Coastal GasLink pipeline are contained in briefing notes prepared for federal officials ahead of a meeting with RCMP Commissioner Brenda Lucki
Read more »