Fraudsters steal $98K from disabled teen's account

A Metro Vancouver doctor is speaking out after fraudsters stole $98,000 out of ajoint Manulife Bank savings account that was set up for hisdisabled 16-year-old daughter.

David Lasnersays thieves were able to transfer$49,000 out of the account on Oct.2, and again on Oct.8,moving the moneyto two different Toronto Dominion accounts that had been fraudulently set up in his name and linked to the Manulife account.

"[I]just think the story is how vulnerable people are," said Lasner. "This was never picked up by [the Manulife] fraud team until I alerted them."

Lasner said he rarely looks at the account becauseit holds funds that have been put aside for his daughter's future. Luckily, his financial adviser did notice the transactions andsounded the alarm.

"He said, hey, did you change your address and did you withdrawthis amount of money from your bank account?Isaid no. Then he says, well,there's a new address on your account and it's in Ontario."

Lasnersaid he immediately contacted Manulife, but was initially told by the fraud department that it wasn't the bank's fault that someone had accessed his account.

Fake accounts and fake cheques

From what he's been able to piece together, thieveswere able to get into theManulife account, changehis password, address, cell number and email address. They then linked it to the fraudulent TD accountsand transferred the money out.

According to Lasner, Manulife told him that fraudulent voided TD cheques wereused to link the accounts. TD denies ever issuing the cheques and told Lasner no accounts were ever opened in his name.

In an evenstranger twist, Lasner has learned that thievesalso linked a fraudulent President's Choice bank account to his Manulife account. Butin that instance the criminals transferred$18,000 into his Manulife account, before quickly reversing the transaction.

Manulifedidn't respond to a request for an interview or answer questions submitted by CBC.

Instead, Manulife's assistant vice president of global communications sent a statement saying the bank takes thesecurity of its customers' data very seriously.

"While this situation was not a failure of our system, it's always unfortunate when an individual is a victim of fraud and has their credentials stolen," wrote Sean Pasternak."We thoroughly investigate any fraud that impacts our customers' accounts, and we take action immediately to help prevent further impact."

Lasner was credited $98,000 by Manulife Bank on Nov. 13. The bank told Lasner it hadcompleted its investigation but didn't share any of the findings with him.

As a security measure,Manulife also informed him it was changing the numbers on the five accounts he holds with the bank, although when it did, Lasner was dismayed to see the fraudsteraccounts remained linked to his daughter's account.

"I had to actually phone them and say hello, you know these fraudulent accounts are still linked to my new bank account number. And they're like, oh, OK."

Lasnerreported the crime to the RCMPand an investigation has been opened. Even though his daughter's account has been made whole, he sayshe'd like the story to serve as a cautionary tale.

"It's just frustrating how it can happen," he said. "It makes you wondergoing forward about the security ofmy money and everybody else's money."