August 26,2025
RED FM News Desk
Toronto police are cautioning the public about an ongoing e-transfer scam in which suspects are approaching people near malls and other public areas.
According to investigators, the scam begins when a suspect asks someone to send them $10 or $20 by e-transfer in exchange for cash. Victims then hand over their phone with a banking app open. Instead of completing the small transfer, the suspect sends thousands of dollars—sometimes over $3,000—to their own account, before quickly returning the phone and fleeing.
Police said it remains unclear how the victims are being selected.
To help prevent fraud, police urged people to always keep control of their phone during transactions and to never let strangers access banking apps or financial information.
Loading ...
