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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

#91

Post by fallingknife »

nikanj wrote: post #11
csense wrote: post #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.…

https://xkcd.com/1494/

But in practice it's not like that. Roofing scams recently destabilized the entire homeowners insurance market in Florida https://www.nbcnews.com/news/us-news/roofing-scams-florida-p...

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

#92

Post by os2warpman »

bag_boy wrote: post #51
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…

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…

I think I understand. Thank you and I'm sorry.

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

#93

Post by fallingknife »

csense wrote: post #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.…

Even if the customer authorized the transaction? So now all the customers have to pay higher fees to cover for idiots getting scammed. Is the Bank of England going to start refunding people who get scammed out of cash under the mattress?

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

#94

Post by dfxm12 »

djoldman wrote: post #77

AMLKYC always seemed obviously backward or ridiculous to me. The fact that banks are essentially tasked with enforcing laws is... a crutch to say the least. Analogies are by definition imperfect but: 1. why not point the finger at ATT and Verizon for allowing phone calls and IP packets that facilitated crime? 2. toll road owners, car/truck manufacturers, UPS, USPS, should they be tasked with "knowing" more about thei…

The government gives plenty of help to banks. I don't think their role here is unreasonable. The solution is to tighten/enforce regulations around bank accounts & make the penalties mean something. Two wrongs don't make a right. If you see something, say something. If you think telecoms are doing something wrong, write to the FCC. Bring up SIM hijacking for me. If you think toll road owners are doing something wrong, bring it up with them and maybe the FHWA.

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

#95

Post by [deleted] »

alyandon wrote: post #88
danielodievich wrote: post #76

The Economist's Scam Inc podcast (mentioned elsewhere in this discussion too) has fascinating (and very troubling) insights into this. I have sons heading to college this and next year and I have tried to prepare them for the world of scamming that exists out there. I sure hope I've done enough. Just a few minutes ago I had a scam text that pig butchering begins. I typically delete them immediately but this time just…

You wasted their time delaying them moving on to someone else. Mission accomplished.

[deleted]

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

#96

Post by dghlsakjg »

danielodievich wrote: post #76

The Economist's Scam Inc podcast (mentioned elsewhere in this discussion too) has fascinating (and very troubling) insights into this. I have sons heading to college this and next year and I have tried to prepare them for the world of scamming that exists out there. I sure hope I've done enough. Just a few minutes ago I had a scam text that pig butchering begins. I typically delete them immediately but this time just…

Your kids are far more likely to fall for dumb shit their friends talk them into than random texts.

They will be, or already have been, exposed to people telling them that crypto/leveraged day trading/AI/whatever is the shortcut to wealth. That will likely be their peers, or the people (podcasters) that have high status amongst their peers, and is a much more insidious problem. That's what will get them into trouble.

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

#97

Post by geodel »

mschuster91 wrote: post #6

I'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…

Ironically or not but I'd imagine Trump would be appropriate person to give a proper dressing down to Modi via Truth Social if not through official channels.

As in past, the future US dispensation would be far more more decent to disturb peacock like dancing Modi.

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

#98

Post by geodel »

throwaway_434 wrote: post #63
_zagj wrote: post #49

Earlier quoted context omitted.

> How much control does an average citizen have over these criminal enterprises? My point was about the government. This phenomenon is large enough that I'm shocked it hasn't openly caused a diplomatic rift between the US and India, and New Delhi should have a vested interested in combating it. > when mercenaries from their country topple governments of other countries What "mercenaries" are you referring to?

> This phenomenon is large enough that I'm shocked it hasn't openly caused a diplomatic rift between the US and India, and New Delhi should have a vested interested in combating it. It is only large enough to you probably. India has been sanctioned by US in the 90s for doing reciprocal nuclear tests (after China detonated its bomb) and suffered billions of dollars in trade. US gained nothing from the sanctions except…

Do tell about those nuclear scientists. Seems you know quite a bit.

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

#99

Post by _zagj »

throwaway_434 wrote: post #63
_zagj wrote: post #49

Earlier quoted context omitted.

> How much control does an average citizen have over these criminal enterprises? My point was about the government. This phenomenon is large enough that I'm shocked it hasn't openly caused a diplomatic rift between the US and India, and New Delhi should have a vested interested in combating it. > when mercenaries from their country topple governments of other countries What "mercenaries" are you referring to?

> This phenomenon is large enough that I'm shocked it hasn't openly caused a diplomatic rift between the US and India, and New Delhi should have a vested interested in combating it. It is only large enough to you probably. India has been sanctioned by US in the 90s for doing reciprocal nuclear tests (after China detonated its bomb) and suffered billions of dollars in trade. US gained nothing from the sanctions except…

> India has been sanctioned by US in the 90s for doing reciprocal nuclear tests

For one year. 14 other countries sanctioned India too.

> The CIA is currently fuelling and instigating Manipur riots

I couldn't find anything on this besides articles on Indian/Bangladeshi InfoWars-tier websites.

> to what US Government has done to India over the past 7 decades

Like what?

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

#100

Post by _zagj »

geodel wrote: post #98
throwaway_434 wrote: post #63

Earlier quoted context omitted.

> This phenomenon is large enough that I'm shocked it hasn't openly caused a diplomatic rift between the US and India, and New Delhi should have a vested interested in combating it. It is only large enough to you probably. India has been sanctioned by US in the 90s for doing reciprocal nuclear tests (after China detonated its bomb) and suffered billions of dollars in trade. US gained nothing from the sanctions except…

Do tell about those nuclear scientists. Seems you know quite a bit.

I believe they're referring to this:

https://en.wikipedia.org/wiki/Homi_J._Bhabha

> Gregory Douglas, a journalist, conspiracy theorist,[128] forger,[129] and holocaust denier[130] who claimed to have conducted telephone conversations with former CIA operative Robert Crowley in 1993, published a book titled Conversations with the Crow in 2013. According to Douglas, Crowley claimed that the CIA was responsible for assassinating Homi Bhabha and Prime Minister Shastri in 1966, thirteen days apart, to thwart India's nuclear programme.[131]

Clearly, the GP is completely rational and quite well-informed.

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