logo
N.S. couple to be reimbursed $30K in suspected fraud

N.S. couple to be reimbursed $30K in suspected fraud

CTV News27-05-2025

A Nova Scotia couple who said $30,000 was stolen from their bank account following a suspected case of identity theft will be getting all of their money back.
Diane and Michael Betts say Manulife Bank has confirmed it will reimburse them in full after their account was accessed earlier this month by someone posing as Diane.
The unauthorized transactions – a $500 payment to a credit card and a $30,000 transfer from their line credit to another account – were discovered on May 15.
The couple had raised concerns the fraud may be connected to a cybersecurity breach at Nova Scotia Power, though Halifax police have not confirmed any link.
NS Power previously confirmed it had been the target of a cybersecurity incident in March. It later said it was the victim of a 'sophisticated ransomware attack' and data stolen from its systems had been published.
More to come…
N.S. Couple
Diane and Michael Betts recently lost $30,000.
For more Nova Scotia news, visit our dedicated provincial page

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

2 killed in Kawartha Lakes boating accident: OPP
2 killed in Kawartha Lakes boating accident: OPP

CTV News

time2 hours ago

  • CTV News

2 killed in Kawartha Lakes boating accident: OPP

Two men are dead following a boating accident on Sturgeon lake on June 8. (OPP photo) Two men are dead following a boating accident in the Kawartha Lakes region on Sunday afternoon. The incident happened on Sturgeon Lake, which is roughly 155 kilometres northeast of Toronto. Emergency responders were called to that area shortly after 3 p.m. after receiving reports of a canoe carrying three males that had capsized. In a news release, the OPP's Kawartha Lakes Detachment said one of the males was able to make his way to the shore, however two others were 'unable to remain afloat and succumbed to their injuries.' They added that there were no life jackets in the boat. The local OPP, including its Marine Unit, along with City of Kawartha Lakes Fire and EMS, and the OPP's Aviation team were involved in the lifesaving and recovery efforts. 'With capsized vessels and falling overboard the top contributing factors in boating deaths every year, a significant number of lives stand to be saved if boaters, personal watercraft users and paddlers wore a lifejacket or personal floatation device,' said the OPP, which patrols more than 110,000 square kilometres of Ontario's waterways.

BCI Invests in KKR Tower Platform Pinnacle Towers
BCI Invests in KKR Tower Platform Pinnacle Towers

National Post

time5 hours ago

  • National Post

BCI Invests in KKR Tower Platform Pinnacle Towers

Article content Article content SINGAPORE & VICTORIA, Canada — KKR, a leading global investment firm, British Columbia Investment Management Corporation ('BCI'), and Pinnacle Towers, an Asia-based digital infrastructure platform with a focus on the Philippines, today announced the signing of definitive agreements under which BCI will acquire a minority stake in Pinnacle Towers from KKR, which will remain the majority shareholder. Article content Pinnacle Towers was established in 2020 to serve the rapidly increasing demand for connectivity and quality telecommunications infrastructure in the Philippines. Led by a highly experienced management team, the platform specializes in executing on Build-to-Suit ('BTS') telecommunications tower projects, optimizing the use and management of Sale-and-Leaseback ('SLB') assets with leading mobile network operators, and providing ancillary management services to industry players. In the span of five years, Pinnacle Towers has scaled to become the largest independent tower company in the Philippines with around 7,000 towers. 1 Lincoln Webb, Executive Vice President & Global Head, Infrastructure & Renewable Resources, BCI, said, 'We are excited to work closely with KKR and Pinnacle's management team to support the growth of the business. The Philippines represents a compelling market for long-term capital, especially in essential digital infrastructure services. This investment aligns with our emerging markets strategy of backing high-quality infrastructure assets alongside strong institutional partners. We look forward to supporting Pinnacle Towers as it continues to enhance digital connectivity and drive meaningful impact across the Philippines.' Article content Projesh Banerjea, Managing Director, Infrastructure, KKR Article content , said, 'We are very proud of the success that we have achieved with Pinnacle Towers to serve the Philippines' connectivity needs. Since our initial investment, we have collaborated closely with Pinnacle Towers' outstanding management team to deepen the platform's capabilities and scale its presence organically and through bolt-on acquisitions. We are delighted to welcome BCI, who share our long-term vision and commitment to developing critical digital infrastructure, as strategic partners and look forward to building on Pinnacle Towers' strong growth momentum.' Article content Patrick Tangney, Chairman and CEO of Pinnacle Towers Article content , said, 'Over the last five years, with the support of KKR, Pinnacle Towers has grown to become the leading independent tower company in the Philippines. BCI's investment marks an important milestone in our journey and is a strong endorsement of our mission. With BCI and KKR as strategic partners, we are well-positioned to continue driving greater digital connectivity in the Philippines and across the region.' Article content BCI Infrastructure & Renewable Resources has a global portfolio with nine active investments in the Asia-Pacific region, including Rakuten Mobile (a leading communications tower company in Japan), Altius (a leading communications tower company in India), and Cube Highways (the largest toll road operator in India). The program continues to expand its presence in the region with the addition of this minority stake acquisition in Pinnacle Towers. Article content KKR made its investment in Pinnacle Towers from its Asia Infrastructure Funds I and II. KKR first established its global infrastructure team and strategy in 2008 and has since been one of the most active infrastructure investors around the world. KKR's Asia Pacific infrastructure platform was established in 2019 and has since organically grown to approximately US$13 billion in assets under management. Article content The transaction is expected to be completed by Q3 2025, subject to customary regulatory approvals. Article content About BCI Article content British Columbia Investment Management Corporation (BCI) is amongst the largest institutional investors in Canada, with C$250.4 billion in gross assets under management as of March 31, 2024. Based in Victoria, British Columbia, with offices in Vancouver, New York, and London, U.K., BCI manages a portfolio of diversified public and private market investments on behalf of its British Columbia pension fund and institutional clients. Learn more at Article content About KKR Article content KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group's website at Article content Pinnacle invests in, builds and operates telecommunications infrastructure with a focus on towers and related assets. Pinnacle is an Asia-focused digital infrastructure platform with a strong focus on the rapidly growing Philippines market. Frontier's leadership team includes founders of a number of highly successful tower companies and former C-level executives from some of the world's leading wireless operators. KKR first invested in Pinnacle Towers in 2020. Article content Article content Article content Article content Article content Contacts Article content Media Contacts Article content

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store