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He was scammed $16K from his BMO line of credit. The bank is charging him interest anyway

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James Mathelier says he’s had many sleepless nights in the past four months after falling prey to a costly phone scam.

Now, out thousands of dollars, the Toronto man is speaking out, saying his bank didn’t do enough to protect him and is even charging interest on the funds he lost from his line of credit.

On April 24, the 63-year-old says he answered a call from a man claiming to be a Bank of Montreal employee, warning him that fraudsters had accessed his bank account. The phone number matched his bank’s, making it seem legitimate. 

The caller then asked for a verification code which was sent

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Reading: He was scammed $16K from his BMO line of credit. The bank is charging him interest anyway

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