Niagara police warning of an influx of the " Bank Examiners" scam with a new twist.
In this scam, Police say victim is usually an elderly person who gets a call from someone posing as a bank examiner or police officer who states that help is needed to catch a dishonest teller.
Typically the victim is asked to withdraw a large sum of money in cash, often $10,000 or more, and carry it to a 'bank examiner' or 'detective' or other 'official', waiting outside the bank.
The victim is reassured the money will be re-deposited in the victim's account, but unfortunately the funds are only deposited into the scam group's pockets.
Police say this scam has evolved and the fraudsters are now instructing the victims to take out less suspicious amounts and wire the funds.
Once completed, they are instructed to make more transfers until the victim becomes suspicious and halts all communication.
Police reminding citizens to educate themselves on these types of scams and to visit the Canadian Anti-fraud Centre on-line where you can learn about recent frauds and obtain a free copy of " The Little Black Book of Scams".