2007-09-21 16:14:26 · 9 answers · asked by prithvi k 1 in Business & Finance ➔ Other - Business & Finance
That's where the money is.
2007-09-21 16:32:30 · answer #1 · answered by d_cider1 6 · 0⤊ 0⤋
Short answer ... that's where people THINK most of the money is, so they target te "deep pockets"
Actually there are several kinds of scams involving banks.
Very few of them actually involve bank employees.
e.g. an employee of the bank, who has access to customer accounts and info in those accounts, sells that info to someone who has no right to access the data.
This is called insider crime
this kind of crime can occur in any institution
has happened in government, banking, industry, you name it
More common crime
You go to ATM machine ... you stick in your card, key in your password, something gets stuck ... you may or may not get your card back ... you may or may not get an error message on the screen that makes sense.
This happens when the bank is closed ... you go there when next it is open.
You find out the bank has no record of you trying to use your ATM card where you said you did, for the $ you were trying to withdraw ... instead, all the money that was in your account is now gone. You have no protection against this kind of fraud because it is credit cards that are insured against crimes, not debit cards.
The bank did not do it to you ... it was the people who diddle the ATM machines. These same people can steal from everyone who tries to use the ATM machine they have diddled with. Best time for them is over a weekend ... bank is closed until Monday.
You get an e-mail from your bank ... some problem with your account ... you are asked to go to their web site & change your PIN # ... you go to the site, some problem, error message not clear ... same deal ... you go into the bank next time it is opn, to ask about this ... tough cookies ... the crooks have cleaned you out
The e-mail was not from your bank. It was from the mafial, masquerading as bing your bank.
Someone wants to send you a lot of money.
The deal may seem like it is on the up & up
They just need a microscopic sum of money from you
Next thing you know you are in jail for fraud and your bank account has been cleaned out
It was not any employee of the bank that did it to you, it was crooks on the Intern.
There's scams with phony checks, phony deposit slips, phony fiunds transfers ... there is a virus that targets certain kinds of financial software.
We know about this stuff because when the news breaks, it is another 10 million people whose money got stolen ... all the people who used credit cards at a particular store owned by TJ Max, or at the Indiana DMV, or everyone with a mortgage with a particular real estate venture, or everyone who had an account with a particular stock broker.
2007-09-21 17:58:42 · answer #2 · answered by Anonymous · 2⤊ 0⤋
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2016-11-06 01:25:27 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Most of the scams are done by the banks. I just read in the paper about some guy who brought a German bank Check in to Bank of America. He expected a fee of $30. They charged him $39,000. He spent 8 years using them and finally won the case. It turns out they have a secret list of fees that they are warned never to show to the customer.
2007-09-21 16:24:47 · answer #4 · answered by Rich Z 7 · 0⤊ 1⤋
Scams are related to money and banks too are related to money thats the reason.
2007-09-21 17:07:06 · answer #5 · answered by kiron p 3 · 0⤊ 0⤋
People associate the word bank with trust so people use it as a vehicle to defraud.
2007-09-21 16:50:17 · answer #6 · answered by Anonymous · 0⤊ 0⤋
men are greedy .Banks and politicians collude to cheat the public through faulty man made loopholes in the system.
2007-09-21 17:50:51 · answer #7 · answered by saibaba 1 · 0⤊ 0⤋
Because of corruption, lack of implementation of stringent laws to punish the culprits and lack of consumer awareness.
2007-09-21 20:31:28 · answer #8 · answered by king 4 · 1⤊ 0⤋
scams in banks? what scams?
2007-09-21 16:20:16 · answer #9 · answered by Anonymous · 0⤊ 0⤋