BMO customer's account emptied of $87K as bank falls for scam

The only time I give a signature with my middle initial is like at the bank when you are opening an account. When I sign my name like down here if I sign a cheque it's either just B Taylor or Bruce Taylor. I never use the middle initial G, he said.

So that signature, that electronic signature, that came from inside the bank somehow.

He said he fears overseas contractors working for BMO could be selling or using customer information. Like other Canadian banks, BMO has outsourced much of its information technology work offshore.

The Bank of Montreal and all the banks in Canada should have all their banking, everything, done within Canada, said Taylor.

Only after he wrote to BMO's CEO Bill Downe in frustration threatening to go public the bank offered to replace his money.