Source: Morgan Modjeski, CBC News, August 15, 2019
City unsure if money can be recovered
The City of Saskatoon has been defrauded of more than $1 million of taxpayer money and officials say there’s a chance it won’t be returned.
The cash went missing after a fraudster, impersonating the CFO of a construction company, requested a change in banking information for the company. When the city went to make a payment to the construction company, it went to the fraudster’s bank account instead.
Jeff Jorgenson, Saskatoon’s City Manager, said the fraudster started their activity weeks ago.
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