The accused, a financial manager at Bank of Montreal, was charged with fraud and conspiracy to commit fraud.
The Crown alleged he knowingly opened numerous fraudulent accounts and issued credit cards to an individual, Mr. Baz, and his associate, Mr. Tariq, using fictitious names and addresses, resulting in a $68,000 loss to the bank.
The defence argued the accused was a victim of a scheme and merely followed common, albeit non-compliant, bank practices under pressure to meet sales targets.
The court disbelieved the accused's testimony regarding his lack of knowledge of Mr. Baz's fraudulent activities, finding his involvement to be a rational inference from the circumstantial evidence, including the recovery of fraudulent IDs and BMO credit cards in Mr. Baz's possession.
The court found the accused guilty on both charges.