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RBC and CIBC allow 89-year-old to drain life savings, lose $1.7M to scammers WATCH | An elaborate scam:

Elderly man loses $1.7M to fraud, family questions why banks didn’t stop it | Go Public October 27 | Duration 2:12 The family of an 89-year-old man is questioning why neither RBC nor CIBC didn't stop him from draining his $1.7-million life savings, despite promises to help keep seniors safe from fraud.

Ray Anholt of Victoria recently marked his 90th birthday, but says there was little to celebrate — being the victim of one of the largest-ever bank investigator scams reported in Canada, he was left virtually penniless.

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