Local business suffers six figure scam

A Tillsonburg business is out around $100,000 after falling victim to what police believe was a payment redirection scam.

Oxford OPP was contacted around 7 p.m. on July 20 after the business discovered a potential fraud. Investigators say the company believed it was sending payment to an account it had used previously, but the account name had been altered slightly, allowing the funds to be redirected.

The investigation remains in its early stages, and police say more information will be released if it becomes available. Oxford OPP are reminding businesses to stay alert and familiarize themselves with current fraud schemes, while taking steps to protect their finances from scammers. For information on common scams and tips to help prevent fraud, visit the Canadian Anti-Fraud Centre.
 

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