Occasionally over the years headline-writers and other expert exagerrators crown Montreal with such dubious titles as "car theft capital of the world," "film pirating capital of the world," "phone fraud capital of the world," or "bank robbery capital of the world," these bombastic statements far overshadow other towns like Laval which had to settle for descriptions like "sex capital of Quebec."
But there is some possibility that we were leaders in banking fraud. As you know the Ponzi scheme was invented in Montreal and the echoes of that still linger in such cases as Earl Jones to this day. But another lesser-known scheme was also born here, known as the "bank inspector swindle" noted in 1963.
But there is some possibility that we were leaders in banking fraud. As you know the Ponzi scheme was invented in Montreal and the echoes of that still linger in such cases as Earl Jones to this day. But another lesser-known scheme was also born here, known as the "bank inspector swindle" noted in 1963.
A fake bank inspector finds an older, wealthier person and asks him to help set a trap to catch a suspected crooked bank employee.
The customer is asked to withdraw a large sum of money and then simply go home with it. Afterwards the inspector will thank the person for co-operating and then promise to bring the money back to the bank and re-deposit it into the account.
The inspector, of course, is not really an inspector at all and simply keeps the money.
In times past, Montreal was considered one of the worst centres of vice. See this archival link:
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