By BJ Bjornson
Last week or so came news of a massive mortgage fraud ring operating in Alberta, mainly focused on Calgary. I�ve been following the story on and off, but outside of the sheer scope and number of people involved, including a sitting Conservative MP, nothing about the case really jumped out at me until today, when the RCMP and Calgary police said they really weren�t interested in pursuing the case.
RCMP and the Calgary police have told the Bank of Montreal they won't investigate what could be the biggest mortgage fraud in Canadian history, CBC News has learned.
Both police forces stated last week they were reviewing the voluminous case � more than 35,000 documents � assembled by the bank's investigators to see if a criminal investigation was warranted.
But sources have told the CBC that top investigators from both forces recently met with the bank and told it they were not interested in pursuing a criminal investigation.
There are a couple of reasons given for the lack of interest in the article, with the main ones being that such investigations are a lot of work and that the police just don�t have enough investigators to deal with all of the fraud cases they get. Neither point really surprises me.
In any case, let that be a lesson to all of you potential thieves out there. Make sure your schemes are big and complicated, and the too few talented investigators our government has on the payroll to look into such matters will take one look at the massive amount of work required to hold you accountable and just throw up their hands and walk away. And yet somehow I doubt we�ll hear much about how �soft on (white-collar) crime� the government is over this.
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