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HOLA441
Posted

This could be complete coincidence. Apologise if this should be in anecdotals but I'm interested in the possibility of this being symptomatic of a wider corruption in the system:

I'm part of the Icesave compensation scheme via the FSA. The FSA are using my UK High Street bank details as a way of returning my money to me. The thing is that as this process was being set up and only a few days before the transfer was possible I suddenly started to get phishing texts and emails trying to get my bank details. I've never received anything like this before. My bank has confirmed that they didn't send them. As I say it could be a coincidence. Alternatively it could be symptomatic of the level to which organised crime has infiltrated the banking system (liar loans spring to mind); after all this would be a perfect opportunity to defraud a potentially huge sum of money in all the confusion. Has anyone else with Icesave had a similar experience? I doubt the Authorities would be publicising it if this is widespread.

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HOLA442
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HOLA443
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HOLA444
Posted

Weirdly, your experience chimes with something that has happened to someone I know recently.

A close friend of mine wanted to transfer a savings account to another bank, and so arranged for her savings to briefly go into her current account with the same bank before they were transferred over to another institution. As soon as her savings hit her current account, someone cloned her card and spent thousands over two days.

She thinks it had to be an inside job, someone that knew the transaction was taking place and there would be a lot of money in her current account and also had access to her card number, and to be honest, I suspect it was as well.

What was also very interesting was how many businesses let the fraudster 'sign' for the purchase when they said they had forgotten their 'pin' number (which of course they never had).

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HOLA445
Posted
Weirdly, your experience chimes with something that has happened to someone I know recently.

A close friend of mine wanted to transfer a savings account to another bank, and so arranged for her savings to briefly go into her current account with the same bank before they were transferred over to another institution. As soon as her savings hit her current account, someone cloned her card and spent thousands over two days.

She thinks it had to be an inside job, someone that knew the transaction was taking place and there would be a lot of money in her current account and also had access to her card number, and to be honest, I suspect it was as well.

What was also very interesting was how many businesses let the fraudster 'sign' for the purchase when they said they had forgotten their 'pin' number (which of course they never had).

Hmmm, overseas call centres... :huh:

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HOLA446
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HOLA447
Posted
That's what's awkward ... she actually organised the process in branch, not over the phone.

And the purchases made on the card were in our area.

It smacks of someone who works in the bank itself.

I guess it could well be. Since the police don't bother to investigate these cases any more, they wouldn't spot a pattern that led back to a particular branch or employee.

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HOLA448
Posted
That's what's awkward ... she actually organised the process in branch, not over the phone.

And the purchases made on the card were in our area.

It smacks of someone who works in the bank itself.

In the highly unlikely event the Police are in the least interested in following this up it shouldn't be a difficult nut for them to crack.

Most shops have CCTV now so they will be able to identify the purchaser. All then then need to is look for a link to the Bank in question......

Even if the Police are not to bothered I would have thought the Bank would be keen to get to the bottom of this!!!

On the basis the PIN no was not used have the Bank returned the stolen funds?

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HOLA449
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HOLA4410
Posted
Yes, the bank will return the stolen funds.

But some of what they bought was very peculiar: for example, 1000 first class stamps at a post office.

:blink:

That's not really very odd - stamps are almost like currency. You can sell them for face value (or close to), they are untraceable, and almost invariably go up in value if you hold on to them for a while!

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HOLA4411
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HOLA4412

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