Canadian Bankers Association

Canadian Bankers Association

August 25, 2010 11:00 ET

Toronto and Burnaby Police Officers Recognized for Outstanding Efforts in Fighting Financial Crime

EDMONTON, ALBERTA--(Marketwire - Aug. 25, 2010) - Tracking down violent serial bank robbers and uncovering a global crime ring that used counterfeit identification to obtain fraudulent bank loans are among the achievements of this year's Canadian Banks' Law Enforcement Award (CBLEA) winners.

Detective Sergeant Brian McCready, Detective Russ Fairey, Constable Michael Kelly and Constable Timothy Trotter of the Toronto Police Service and Constable Chad Premack of the RCMP Burnaby detachment will each receive the award at this evening's gala ceremony at the 105th annual Canadian Association of Chiefs of Police Conference in Edmonton.

"We are pleased to recognize the remarkable achievements of these five officers who have worked hard to protect Canadian banks, their customers and their employees," said William J. Crate, Director of Security for the Canadian Bankers Association. "Banks in Canada work closely with police forces to ensure Canada's economic integrity by investigating bank robberies and fraud. This award is our way of publicly recognizing the outstanding efforts of these officers."

Detective Sergeant Brian McCready & Detective Russ Fairey – Toronto Police Service

In December 2009, five individuals dubbed the "Over the Counter Bandits" began aggressively robbing financial institutions in the Toronto area, often physically injuring bank employees. Over the next three months, these violent criminals targeted several more bank branches and were the subject of wide-spread media attention. In February 2010 the CBA offered a $10,000 reward for information leading to the arrests and convictions of the suspects. The reward was later increased to $50,000.

Throughout the investigation, Detective Russ Fairey and Detective Sergeant Brian McCready, who also received a CBLEA in 1994, both worked diligently to strengthen the intelligence-sharing relationship between law enforcement and banks in Canada. In March of this year, five suspects were arrested and charged with numerous robbery and firearms offences.

Constable Michael Kelly and Constable Timothy Trotter – Toronto Police Service

Constable Michael Kelly and Constable Timothy Trotter are recognized for their outstanding investigative skills in a year-long case that uncovered a multi-million dollar global crime ring and led to strengthened fraud protection measures used in government agencies and the private sector.

In June 2009, while investigating a fraud case at a Toronto bank, Constables Kelly and Trotter uncovered hundreds of fictitious identities that were being used to obtain mortgages, car loans and other types of credit, with the funds then being sent to other countries. By tracing the fake identities, Kelly and Trotter were able to identify the sources of the IDs and determine how they were being used for illegal activities. This information was shared with affected financial institutions, which were then able to identify the suspicious accounts and prevent further financial losses.

The investigative efforts of Constables Kelly and Trotter resulted in the arrest of 10 suspects, the identification of 30 additional suspects and the creation of a master list of more than 600 fictitious identities. The investigation has also taken on global significance as the Department of Homeland Security in the U.S., Interpol and law enforcement agencies in Europe have all expressed an interest in the Toronto Police project.

RCMP Constable Chad Premack – Burnaby RCMP

In May 2008, an individual wearing a disguise and threatening bank employees with a gun entered a bank branch in Burnaby and demanded $10,000 from the bank teller. Over the next 16 months the same individual robbed five additional bank branches in the Burnaby area.

Upon taking lead of this file, Constable Premack demonstrated commitment and vigilance to the investigation and ensured the file remained a priority. In addition to his on-duty efforts, Constable Premack spent many voluntary hours working on the case.

In November 2009, the suspect was arrested along with a second individual involved in various criminal activities. Numerous handguns, rifles, ammunition, cash and disguises used in the robberies were seized.

About the Canadian Banks' Law Enforcement Award

Since the creation of the CBLEA in 1972, 219 officers from across Canada have been honoured with the Canadian Banks' Law Enforcement Award for their outstanding bravery, dedication and other noteworthy achievements in combating crimes against Canada's banks. This is the first year the award has had a repeat winner. For additional information about the CBLEA, please visit www.cba.ca/award.

About the Canadian Bankers Association

The Canadian Bankers Association works on behalf of 51 domestic chartered banks, foreign bank subsidiaries and foreign bank branches operating in Canada and their 260,000 employees. The CBA advocates for efficient and effective public policies governing banks and promotes an understanding of the banking industry and its importance to Canadians and the Canadian economy. The Association also promotes financial literacy to help Canadians make informed financial decisions. www.cba.ca

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