by TerranceBoyce
Wed May 01, 2013 4:09 am
http://www.thisismoney.co.uk/money/cardsloans/article-2317239/Wonga-raids-15-year-olds-bank-account-recover-debts-BBC-Watchdog.html
This is on TV on the UK tonight at 8 pm and I don't know specifically that this is what employment scammers are doing but, if you give a scammer all your banking and identity details, this is very likely to be the way they are generating payments for another 'employee' money mule to transfer the money to them by means of Western Union or Moneygram. Whether you are chosen as victim or money mule depends on how successful they will be in gaining a loan in your name and, in either event, you'll end up out of pocket and in a horrible mess as regards your finances and potentially facing prosecution.
It makes sense to me now as to why their scams have been primarily directed at the UK and, to a lesser extent the USA, as our payday loan system is so loosely operated as to be something of a joke. Attempting the same scam in a foreign country and even the USA would be much more tricky.
If anyone is able to confirm this, it would be appreciated.
I just the read the story and it's alleged that the loan was paid in to an account set up by the fraudster with the instruction that it should be repaid from another account in the name of the victim.
I don't consider myself to be especially bright, but accepting such an instruction is plain stupid, apart from the question as to how a fraudster can walk straight through UK KYC regulations to open a scam account.
This is on TV on the UK tonight at 8 pm and I don't know specifically that this is what employment scammers are doing but, if you give a scammer all your banking and identity details, this is very likely to be the way they are generating payments for another 'employee' money mule to transfer the money to them by means of Western Union or Moneygram. Whether you are chosen as victim or money mule depends on how successful they will be in gaining a loan in your name and, in either event, you'll end up out of pocket and in a horrible mess as regards your finances and potentially facing prosecution.
It makes sense to me now as to why their scams have been primarily directed at the UK and, to a lesser extent the USA, as our payday loan system is so loosely operated as to be something of a joke. Attempting the same scam in a foreign country and even the USA would be much more tricky.
If anyone is able to confirm this, it would be appreciated.
I just the read the story and it's alleged that the loan was paid in to an account set up by the fraudster with the instruction that it should be repaid from another account in the name of the victim.
I don't consider myself to be especially bright, but accepting such an instruction is plain stupid, apart from the question as to how a fraudster can walk straight through UK KYC regulations to open a scam account.
CAR ADVERTS - If a car seller mentions escrow - he's scamming you Never ever for any reason pay anything until you have seen and inspected the vehicle
