by TerranceBoyce
Mon Jun 10, 2013 8:29 am
A big warm welcome to Scamwarners supersnake and I'm delighted to hear that you avoided being scammed and reported the account.
It should be shut down immediately as this scammer's running a professional ring of Romanian 'money mules' and the quicker they're shut down the better. Though I don't care about the nationality of the 'mule', it does point to some degree of organisation. I'm not overly sympathetic to Anglo Saxon 'mules' either, but anything pointing to organisation should prompt a firm reaction. Once word gets round as to what will happen to those involved, the practice will dramatically reduce.
A bank can shut anyone's account any time for any reason and they aren't obliged to give a reason, and once that happens the person won't get an account anywhere else. Trying to get a job, receive benefits, pay bills or anything then becomes extremely difficult, if not impossible, but that's the risk 'mules' take.
The fact is that even an 'innocent' money mule will cost a bank thousands of pounds just to clear up the security breaches they've created and, having given away their identity, they'll be a lifelong financial security risk. Also the bank owns the account, the customer only owns the money in it, so by allowing a scammer to use it the customer has breached the bank's security. Staff would be dismissed immediately for doing that. Customers should expect no less.
You're correct to state that the address in Scotland and English name are just made up. The sorting code indicates that the 'mule' is based in Edgware London.
It's very rare that an account is reported before anyone loses money and it won't take many examples of what happens, for scammers and their 'mules' to get the message. That account has now been 'euthanased' and, unless the bank are prepared to reimburse any future victims, they have no alternative but to close it. It may not be the only one either.
It should be shut down immediately as this scammer's running a professional ring of Romanian 'money mules' and the quicker they're shut down the better. Though I don't care about the nationality of the 'mule', it does point to some degree of organisation. I'm not overly sympathetic to Anglo Saxon 'mules' either, but anything pointing to organisation should prompt a firm reaction. Once word gets round as to what will happen to those involved, the practice will dramatically reduce.
A bank can shut anyone's account any time for any reason and they aren't obliged to give a reason, and once that happens the person won't get an account anywhere else. Trying to get a job, receive benefits, pay bills or anything then becomes extremely difficult, if not impossible, but that's the risk 'mules' take.
The fact is that even an 'innocent' money mule will cost a bank thousands of pounds just to clear up the security breaches they've created and, having given away their identity, they'll be a lifelong financial security risk. Also the bank owns the account, the customer only owns the money in it, so by allowing a scammer to use it the customer has breached the bank's security. Staff would be dismissed immediately for doing that. Customers should expect no less.
You're correct to state that the address in Scotland and English name are just made up. The sorting code indicates that the 'mule' is based in Edgware London.
It's very rare that an account is reported before anyone loses money and it won't take many examples of what happens, for scammers and their 'mules' to get the message. That account has now been 'euthanased' and, unless the bank are prepared to reimburse any future victims, they have no alternative but to close it. It may not be the only one either.
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
