CBC News - British Columbia - RBC won't forgive elderly scam victim's debt

It is always unfortunate when the elderly are scammed and defrauded. The banks should bear a social responsibility to help protect our seniors and elderly. There are just too many scams that are facilitated by the banks. The Earl Jones Ponzi scheme should have raised red flags at the bank. Numerous real estate investment scams relied on bank facilitation to access registered funds. Mutual fund leverage plans depend on banks facilitating loans when such a strategy is not suitable for the small investors.

It's time that banks are held accountable when they aid these fraudsters,