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Foreign Scammers Use U.S. Banks to Fleece Americans

propublica.org

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Re: Foreign Scammers Use U.S. Banks to Fleece Americans

#111

Post by throwawayq3423 »

os2warpman wrote: post #23

This is an earnest request. Please help me understand the mindset of people who fall for pig butchering scams. The thought of giving money to a stranger who I met via a dating app or other social media platform who shifted the conversation to WeChat and asked me to wire money to a bank account is so incomprehensible to me that the mind of someone who would do that is entirely different to how mine is constructed phys…

> This is an earnest request. Please help me understand the mindset of people who fall for pig butchering scams.

Same logic behind AI girlfriends or in general losing yourself to online life. It's a lack meeting your needs offline and scammers/technology willing to fill those needs online.

Re: Foreign Scammers Use U.S. Banks to Fleece Americans

#112

Post by coderatlarge »

supportengineer wrote: post #106
coderatlarge wrote: post #5

Earlier quoted context omitted.

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.

I recently tried to write a check from Mom & Pop's Yeehaw Bank to a major name bank. They put a FIVE DAY hold on it.

i recently wrote a check to another member of the same credit union. they deposited the check to their credit union account. the credit union insisted on a ten day hold!!

Re: Foreign Scammers Use U.S. Banks to Fleece Americans

#113

Post by coderatlarge »

0cf8612b2e1e wrote: post #89
coderatlarge wrote: post #5

Earlier quoted context omitted.

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.

I honestly want slower transactions as a service. If I get hacked, my accounts are going to be drained in milliseconds. Instead, I want specific accounts to have a minimum N days to money extraction. Lots of time for me to be able to put a halt on unexpected money movement.

the number of financial institutions that don’t offer yubikey (or any hsm) support shocks me. ditto lockdown mode.

on delays “for security reasons “, see my other comment above about 10 day holds on funds that hsd anyway been at that credit union for months.

Re: Foreign Scammers Use U.S. Banks to Fleece Americans

#114

Post by supportengineer »

fallingknife wrote: post #87
downrightmike wrote: post #60

Earlier quoted context omitted.

I had to look it up: The term "anarcho-tyranny" was coined by writer Sam Francis to describe a situation where a state oppresses citizens' lives but is unable or unwilling to enforce laws that protect them. Francis believed that anarcho-tyranny is built into the managerial system and cannot be solved by voting out incumbents or fighting corruption. He argued that the political left has dominated politics because of a…

The left has done more damage you our education system by removing standards and getting rid of separate schools for the smartest students than the right ever could by cutting funding. Most recently in California they got rid of calculus class in high school. Meanwhile we continue to increase spending and are near the highest in the world and our education system is trash https://nces.ed.gov/programs/coe/indicator/cm…

Rest assured, California high school students can still take calculus, in fact they can even take "AP" courses

Re: Foreign Scammers Use U.S. Banks to Fleece Americans

#115

Post by QuantumGood »

os2warpman wrote: post #23

This is an earnest request. Please help me understand the mindset of people who fall for pig butchering scams. The thought of giving money to a stranger who I met via a dating app or other social media platform who shifted the conversation to WeChat and asked me to wire money to a bank account is so incomprehensible to me that the mind of someone who would do that is entirely different to how mine is constructed phys…

There is a kind of threshold in most humans where we assume we are dealing with someone who "feels like" they are (real and) in our circle of contacts. Once this threshold is passed, critical thinking as to who this person is/what their motivation is moves to a much lower priority.

Re: Foreign Scammers Use U.S. Banks to Fleece Americans

#116

Post by testing22321 »

coderatlarge wrote: post #112
supportengineer wrote: post #106

Earlier quoted context omitted.

I recently tried to write a check from Mom & Pop's Yeehaw Bank to a major name bank. They put a FIVE DAY hold on it.

i recently wrote a check to another member of the same credit union. they deposited the check to their credit union account. the credit union insisted on a ten day hold!!

I’m 43 and have never written a cheque in my life. Utterly useless things when you have good customer centric regulations.

Re: Foreign Scammers Use U.S. Banks to Fleece Americans

#117

Post by ahazred8ta »

busterarm wrote: post #109
bag_boy wrote: post #51

Earlier quoted context omitted.

I am happy to share my mom's story, as tragic as it is. My stepfather passed away just before Covid. After he passed away, my mom was isolated and started spending time on Match.com. Eventually she found her match - a total scamming operation. She proceeded to liquidate my deceased step father's retirement savings and also took out high interest loans to send her match money. She wired the scammer well over $100k. Th…

You don't even have to be tech illiterate. A former roommate of mine who is extremely tech-savvy but just fat and lonely was constantly wiring women he'd never met money. He was constantly getting catfished on dating apps and talking all day to fake facebook profiles 2-3 hours away and they'd always have an excuse to not meet him and have their hand out for escalating amounts of money until reality hit him and he'd s…

https://xkcd.com/632/#-chat-suspicion

Re: Foreign Scammers Use U.S. Banks to Fleece Americans

#118

Post by weird-eye-issue »

rafram wrote: post #21
weird-eye-issue wrote: post #20

Earlier quoted context omitted.

It's cute if you really think that These days you can open bank accounts completely online with fraudulent info You can even open bank accounts from countries on the other side of the world. How will they arrest you, exactly?

It's on the bank to prevent those other-side-of-the-world account holders from sending large sums of money to untrusted destinations in the first place.

Good luck with that. Contracts etc can be falsified. You'd just end up locking out real people from sending their own money for legitimate reasons in the name of attempting to stop fraud or in your words "untrusted destinations" whatever that means.

Re: Foreign Scammers Use U.S. Banks to Fleece Americans

#119

Post by coderatlarge »

testing22321 wrote: post #116
coderatlarge wrote: post #112

Earlier quoted context omitted.

i recently wrote a check to another member of the same credit union. they deposited the check to their credit union account. the credit union insisted on a ten day hold!!

I’m 43 and have never written a cheque in my life. Utterly useless things when you have good customer centric regulations.

we resorted to checks because we hit a non-transparent zelle limit which is not documented anywhere.
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