Foreign Scammers Use U.S. Banks to Fleece Americans
propublica.org
Foreign Scammers Use U.S. Banks to Fleece Americans
1–10 of 142 posts
Re: Foreign Scammers Use U.S. Banks to Fleece Americans
#2I thought that US banks had to know their customers
Re: Foreign Scammers Use U.S. Banks to Fleece Americans
#3[dead]
Re: Foreign Scammers Use U.S. Banks to Fleece Americans
#4I thought that US banks had to know their customers
KYC only hurts law abiding citizens.
Criminals just use stolen identities (from breaches of KYC data).
Re: Foreign Scammers Use U.S. Banks to Fleece Americans
#5I thought that US banks had to know their customers
US banks are too busy delaying their customers’ ach transfers for days so they can profit from the float to actually solve customer problems and take responsibility for the many societal benefits they enjoy.
Re: Foreign Scammers Use U.S. Banks to Fleece Americans
#6I've said it before here, I'll say it again: it is high time that our governments follow the money and the scammers. Sanction the source countries of these scams to hell and beyond until they clean up their act and pray in front of us on their knees for forgiveness. And yes, I'd like particularly Narendra Modi to kneel - it's hard to wish anything else after watching more than two Scammer Payback videos. Obviously Indian police is aware of what's going on, he's posted more than enough proof, but mysteriously the callcenters get warned in time and vanish.
The US alone loses 158 billion $ each year [1] to scams, the global toll is allegedly around 1 trillion $ [2]. That's fucking insane, this has to stop.
[1] https://www.linkedin.com/pulse/ftc-states-scams-cost-us-cons...
[2] https://www.gasa.org/post/global-state-of-scams-report-2024-...
Re: Foreign Scammers Use U.S. Banks to Fleece Americans
#7>A huge portion of such fraud is transacted in cryptocurrency.
Yet another reason to avoid cryptocurrency, until that is 100% fully regulated, I will always avoid it.
One of the biggest reason is every tom, dick or harry is creating their own cryptocurrency these days. Including the dummy in charge of the US :)
Re: Foreign Scammers Use U.S. Banks to Fleece Americans
#8I've said it before here, I'll say it again: it is high time that our governments follow the money and the scammers. Sanction the source countries of these scams to hell and beyond until they clean up their act and pray in front of us on their knees for forgiveness. And yes, I'd like particularly Narendra Modi to kneel - it's hard to wish anything else after watching more than two Scammer Payback videos. Obviously In…
> it is high time that our governments follow the money and the scammers
I suspect the reason they don't is many of them know that following the money will lead right to their own front doors.
Re: Foreign Scammers Use U.S. Banks to Fleece Americans
#9> In October, the U.K. began requiring banks to reimburse scam victims up to £85,000, or about $116,000, per claim when they make a fraudulent payment on behalf of their customers, even if the customers authorized the transfer.
How does the bank verify the scammer and the "victim" aren't colluding?
I.e. Mal opens a bank account with $100k, it gets cleaned out when he's "scammed" by Eve, then Mal is reimbursed $100k. Mal & Eve collectively start with $100k, and end up with $200k.
(This is why I put "victim" in quotes: In this scenario, Eve and Mal are co-conspirators trying to defraud the scam reimbursement system.)
Re: Foreign Scammers Use U.S. Banks to Fleece Americans
#10>A huge portion of such fraud is transacted in cryptocurrency. Yet another reason to avoid cryptocurrency, until that is 100% fully regulated, I will always avoid it. One of the biggest reason is every tom, dick or harry is creating their own cryptocurrency these days. Including the dummy in charge of the US :)
I don't see how this is relevant at all and not just a rant about something you don't like.
People are asked to buy and send crypto, they're not the same people who know what crypto is.