4 arrested in $1.8M defrauding of Calgary company

Calgary police say they have arrested members of an organized crime group from Montreal accused of defrauding a Calgary business of $1.8 million.

Officers with the commercial crime unit said Thursday that the four men, who have been charged with fraud, hacked into a database and inflated the value of debit cards.

Police said the accused then made cash withdrawals on the cards at several ATMs throughout Canada and in a number of other unnamed countries. Most of the Canadian withdrawals were made in Montreal.

All four men three from Montreal and one from Israel were arrested in Montreal and transported to Calgary on Tuesday.

Police did not release the name of the Calgary-based company that was targeted,saying only that itsells debit and credit cards with pre-paid balances.

None of the company'sindividual customerslostmoney as a result.

The seven-month investigation was a joint effort of police from Montreal, Vancouver and the United States Secret Service.