Foreign scammers defraud legitimate US businesses (credit, visa, mastercard, buy)

[skeddy]

I went to my ATM this morning to withdraw $200, rejected, said I had a $24 balance. Pulled up my account, had over $3,000 of bogus charges, many international.

[mojo101]

how do you think they manage t o access your account?
do you use a smart phone?

[movedintime]

So if you know foreign or not foreign people are committing fraud to the system, would you turn them in ?
As in tax evasion, welfare, etc.

[Lillie767]

Originally Posted by skeddy

I went to my ATM this morning to withdraw $200, rejected, said I had a $24 balance. Pulled up my account, had over $3,000 of bogus charges, many international.

Are you saying that there were $3000 of debits to your checking/savings bank account from overseas?

I get text notifications from my banks for any transaction. That way I know right away if something is happening to my account. Sometimes the beeps annoy me, but I know when I am transacting business and if it beeps at any other time, then I know it's a problem and I can get on it immediately.

[Lodestar]

My credit card caught it in the midst of a transaction online! I thought I was doing business with a company in England but the false charges were already being made in Singapore. Apparently the people in England had already sold my card number.

A call to the credit card company validated that they had immediately closed my account and were sending a new card. That's service.

I don't care who's doing it. It could be a family member and I'd still push for prosecution. It's not about xenophobia; it's about honesty in business transactions.

[skeddy]

Originally Posted by Lillie767

Are you saying that there were $3000 of debits to your checking/savings bank account from overseas?

I get text notifications from my banks for any transaction. That way I know right away if something is happening to my account. Sometimes the beeps annoy me, but I know when I am transacting business and if it beeps at any other time, then I know it's a problem and I can get on it immediately.

the bank should have flagged this when they saw the charges. Bank manager recognized some of the fraud just by how the account has been used for the past ten years. I'll change my notifications alerts, the bulk of the charges were from Jamaica and Florida

[movedintime]

Originally Posted by movedintime

So if you know foreign or not foreign people are committing fraud to the system, would you turn them in ?
As in tax evasion, welfare, etc.

I didn't think so

[Monello]

Stealing from the church.

Foreign National Involved in Religious Institution Check Theft Conspiracy Sentenced to Almost Three Years in Federal Prison

U.S. District Judge Theodore D. Chuang today sentenced Daniel Velcu, age 43, of Baltimore, Maryland, to 34 months in federal prison, followed by three years of supervised release, for conspiracy to commit bank fraud and wire fraud.
As part of the scheme to defraud, Velcu and other co-conspirators fraudulently opened bank accounts at victim financial institutions, often in fictitious names, with the aid of co-conspirator Diape Seck, who was an employee at one of the victim financial institutions.

Velcu personally deposited at least 70 stolen checks, totaling at least $40,357.50 and those accounts received at least $48,987.44 from approximately 101 stolen checks. Information found on Velcu’s cellular phone revealed that eight additional accounts in the name of Velcu or a family member received at least $82,872.65 from approximately 145 stolen checks

On October 9, 2020, law enforcement executed a search warrant at Velcu’s residence and storage unit in Baltimore and recovered approximately $87,064 is cash, assorted gold coins and jewelry, all of which are being forfeited as proceeds of the conspiracy. Law enforcement also seized fraudulent French identity documents containing photographs of Velcu and a false name.

https://www.justice.gov/usao-md/pr/f...ntenced-almost

[Ruth4Truth]

I find it alarming that they were able to access people's SS numbers, and other protected info. How were they able to do that? Did they have a techie working with them, hacking employer or government sites? However they did it, that access path needs to be shut down or triple-encoded, or whatever.


And stolen checks; how does someone come into possession of 100+ stolen checks? Was that part of the inside job with his bank-employee friend?

[artillery77]

I'd be fine if they started executing scammers. It's ridiculous to me that someone getting $200 holding up a bank gets more time than these pieces of work....especially those targeting older people who will have no chance to recover.