Millions of dollars stolen in scam by taxi drivers in Toronto, Police arrests six

[LowcyGier]

• Since 2018, the Greater Toronto Area is facing a major taxi fare scam that involves drivers defrauding customers.
  

• The criminal drivers rely on customized Point-of-Sales (POS) machines to steal the payment card information, in order to later drain the customers' accounts.
  

Canada’s most populous metro is facing an area-wide crisis: taxi fare scams. Started in 2018, this crisis continues to trouble police and they are constantly bombarded with reports of the scam. As of now, only six persons have been arrested with over 200 fraud charges imposed on them.

It seems that the taxi drivers behind this scam alter the POS machines associated with payments.

Constable Kristin Thomas, who is overseeing the investigation, spoke about the serious scale which the scam has risen to. “We’re in the millions of a loss when you put them all together,” she told The Globe and Mail.

In addition, Thomas said that a Canadian bank has reported losses amounting to $1 million by duped customers.

Full Article