Victim of Financial Fraud Loses Thousands Due to Bank's Interest Charges

A victim of a banking scam in Toronto claims that the Bank of Montreal (BMO) is charging him interest on a line of credit that was fraudulently taken out by a con artist. After receiving a call from someone posing as the bank, the victim shared a verification code, leading to multiple unauthorized withdrawals from his account. While BMO reimbursed a small portion of the stolen funds, they are now charging the victim $200 in monthly interest for the remaining debt. The bank claims that the scam is not covered by their fraud services and denies responsibility for the loss.