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Toronto lost nearly $400M to fraud last year. ‘We’re always playing catch-up with these fraudsters’

A “significant number” of cases were closed without investigation last year, investigators say.

Financial crime investigators say they can’t keep up with the “overwhelming” amount of reports filed to Toronto police each day.

In part due to an increase in digital fraud over recent years, a growing caseload forced the Toronto police to close “a significant number” of cases last year without investigation, while others were backlogged over a lack of available detectives.

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