How can you trace fraudulent bank account transfers??

View previous topic View next topic Go down

How can you trace fraudulent bank account transfers??

Post by Tay Wayne on Sun Jan 10, 2010 4:26 pm

Some time ago, I checked my online Wells Fargo bank account and saw two transfers for a total of $3500 to a Dell Computer online account. I called my account rep at Wells Fargo and they stopped the transfer. But only because I caught it so quickly.

My online account ledger showed the following:

08/11/08 DELL ONLINE PMT 080810 0000 C1472E4D2C8501C0 $2,500.00
08/04/08 DELL ONLINE PMT 080803 0000 C1472E4D2C8501C0 $1,000.00

Someone had ordered some Dell computer items using my bank account. Wells Fargo had no clue how to identify the beneficiary account, and only sent me the following history:

08/12/08 CITICCSWEB 0000 0 $2,500.00
08/11/08 DELL HIST RTN 080811 0000 C1472E4D2C8501C0 $1,000.00

I spent the next month in an absoƖute mind boggling futile attempt to get anyone to take responsibility and trace the attempted theft. Wells Fargo, Dell Computer, and Citibank online cards (the intermediary bank in the transaction) all said they didn't have the technical capability to pinpoint where the money was directed to! Citibank never even responded to my Wells Fargo account reps' calls. Their only response to my emails was to suggest I contact a credit bureau to protect my identity. I was dumbfounded.

I closed my account after all this happened. But it is unnerving to me that someone with a Dell online account (or any number of other online financial systems), can reach into someone else's account, pick their pocket, and totally get away with it if the victim doesn't notice it in time to stop the transfer. How can a bank execute an online transfer request from account A to account B, but not be able to figure out who account B is?

Is there any law enforcement agency who has the ability and interest to track down these bad guys? And has there been any progress with banks to be able to trace the recipient account on this kind of thing? I've never checked with the credit report organizations about this, but it's occurring to me as I write this that maybe they're the ones I should have gone to in the first place.

Tay Wayne
Beginner
Beginner

Posts Posts : 2
Joined Joined : 2010-01-07
OS OS : windows xp
Points Points : 25244
# Likes # Likes : 0

View user profile

Back to top Go down

Re: How can you trace fraudulent bank account transfers??

Post by Dr Jay on Mon Jan 11, 2010 11:28 pm

I would suggest getting a lawyer rather than trying to get law enforcement to do anything. It will be a much easier process.

Dr Jay
Head Administrator
Head Administrator

Posts Posts : 13714
Joined Joined : 2009-09-06
Gender Gender : Male
OS OS : Windows 10 Home & Pro
Protection Protection : Bitdefender Total Security
Points Points : 302072
# Likes # Likes : 10

View user profile

Back to top Go down

Re: How can you trace fraudulent bank account transfers??

Post by Tay Wayne on Tue Jan 12, 2010 3:15 pm

Yes, but also more expensive. It just blows me away that this is not a no-brainer since the computers have the information. If they can send it, they should be able to trace it. Right?

Tay Wayne
Beginner
Beginner

Posts Posts : 2
Joined Joined : 2010-01-07
OS OS : windows xp
Points Points : 25244
# Likes # Likes : 0

View user profile

Back to top Go down

Re: How can you trace fraudulent bank account transfers??

Post by carla54 on Fri Feb 05, 2010 10:56 pm

Because my own system has been compromised, I just signed up with Life Lock. The program checks to see if your bank account info has been raided, lists sex offenders in the area (who are more likely to steal identities for their porno sites, all kinds of stuff. Rush Limbaugh, Glen Beck and Mike Gallagher have been promoting it. Don't take my word for it though, check into it yourself.

carla54
Beginner
Beginner

Posts Posts : 2
Joined Joined : 2010-02-05
OS OS : Windows XP
Points Points : 24952
# Likes # Likes : 0

View user profile

Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum