Canadian Arrested in Macau for Alleged $284 Million Fraud: Paper
(Bloomberg) -- A Canadian man was arrested in Macau on Saturday for allegedly attempting to defraud a local entertainment company out of 249 million euros ($284 million), the Macau Daily reported.
The bank had rejected a request by the suspect on Jan. 21 to transfer funds from the unidentified company’s account after his signature didn’t match one they had on record, and he left, according to the report on Sunday. A check with the company later showed it hadn’t authorized any of its employees to carry out the transaction, the paper said.
The 61-year-old suspect was arrested as he tried to leave Macau, and has been charged with fraud and forging documents after some such papers were found on him, according to the report. He has denied the crime, and was transferred to the prosecutor’s office, the paper said.
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