Tuesday, March 8, 2011

Canadian Police RCMP believe fraud is same scale as illegal drugs

The RCMP believes fraud in Canada is approaching the size and scope of the drug trade.
Research shows that fraud is the crime that affects the most Canadians, said the head of the RCMP's major fraud unit.
RCMP Insp. Kerry Petryshyn said mass marketing fraud alone accounts for nearly $10 billion in fraud losses every year. 
"That's over a million victims," he said.
Total losses from the crime are actually $30 billion a year, police estimate.
"Which is pretty close to the drug industry here in Canada, however a lot more victims," he said.

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