RBC customer loses $10,000 after falling victim to bank draft fraud

Vancouver resident Mark Milburn has used bank drafts in the past as a safe guaranteed form of payment but says he’ll be wary of using them in the future after falling victim to fraud.

“How is any business going to be able to trust a bank draft anymore,” said Milburn.

Back in early January, the Vancouver resident was selling a $10,000 luxury watch on Facebook Marketplace. He says he’s used the social media platform multiple times without issue.

However, to be certain and before he sold the watch, Milburn says he went in person to RBC where he’s a customer asking the teller to check the authenticity of the bank draft. Milburn says the RBC teller assured him the draft was valid.

Consumer Matters reporter Anne Drewa explains what happened next.

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