When Fraud Meets Stupidity

, , , , | Working | April 11, 2018

My grandmother just turned 82 and had a check lost in the mail. This started a chain-reaction of fraud. First was an attempt to charge on a card, which the bank stopped. Then, there was an attempted wire transfer which was also stopped by the bank. You’d think this is where we were most vulnerable, but no.

My grandmother lives in California. The thief went into a bank, in person, in New York, and managed to open the ATM account. Mind you, this account was on stop due to the fraud. Whoever they were, they must have had acting skills, because without any ID, the banker in New York and the banker’s manager reopened the account and rushed a new ATM card to the thief. In one weekend, the thief stole over $10,000 — basically all the money my grandmother had — all because two fools in New York believed some crap sob story and didn’t enforce the ID rule!

On the plus side, the bank is getting all the money back to my grandmother. Also on the plus side, she was advised that while the thief will likely get away with it, the New York banker and bank manager will likely lose their jobs.

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