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This logic is so impressively bad I don't know where to begin. Okay how about this, I'm going to pretend I lack morals for a second. I would do this with the i

This logic is so impressively bad I don't know where to begin. Okay how about this, I'm going to pretend I lack morals for a second. I would do this with the information: 1. Write a script to webscrape sites like LinkedIn to find out if a name/address/ssn key could be tied to people like doctors, engineers and whoever else might have sufficient disposable income. 2. I would take out loans in their name. If I have to be there in person, I would go from city to city and find people I could easily get dirt on, like people that might be here illegally. I would then cut them in for a piece of the loan and then move onto a random city in a 200 mile radius. 3. Move away after I get away with enough to live on for the rest of my life. 4. Hell I might just sell the rest of the information and scripts to other people who lack scruples.

sillysaurus3 9y ago
And you'd end up in prison pretty quickly. The point is, it'd be worth the pain. We'd come out of it with a better system.
usaphp 9y ago
The flaw in your logic lays with the bank. You will need a bank account/visit branch/transfer loaned money somewhere where you can cash them. Banks have cameras + Irs will quickly find you and won't allow you disappear or use that money
- deleted 9y ago
  [deleted]
- rxhernandez 9y ago
  The flaw in your logic is that you fail to realize i have access to 143 million bank accounts and can transfer any number of ways I want to. You also overestimate the competence of smaller banks. Neglecting all of that you do realize that International wire transfers do exist right?
  - usaphp 9y ago
    It takes 1-3 business days for a US bank to transfer any amount and I am sure it will be even higher if the transaction is not matching a usual pattern of your victim. So 144 million bank accounts mean nothing with such long processing delays
    - rxhernandez 9y ago
      Tell that to all the banks that had been sued for millions for losses due to phishing attacks. My mom's bank was one of them. The criminals got the money out successfully somehow.
      - usaphp 9y ago
        It does not mean they were not caught later by bank insurance company
    - djsumdog 9y ago
      One of the few instances where American Banking still being in the 1990s is a benefit[1] .. but not really. Australia, NZ, Singapore, most EU countries all have instant person-to-person transfers with little to no fees and supported via the government. 500 euro can be gone like that. Poof. But it's all within the same country. And when it's within the same country, it's traceable, reversible and enforceable by law. So the 1-3 business days isn't where the protection is at. It's the way we mark and track transactions. The real danger, is SWIFT transfers. Once that money leaves the country, it's very unlikely you'll ever see it again. [1]: http://penguindreams.org/blog/the-american-banking-system-is-still-in-the-1990s/ http://penguindreams.org/blog/the-american-banking-system-is...
      - raarts 9y ago
        Payments are immediate between countries too. On my vacation in Armenia (you know, former USSR and a pretty poor country) I paid in the supermarket with my Dutch debit card (chip with PIN), I immediately popped my phone and opened the banking app for my (small, Dutch local) bank, and it showed the withdrawal.

sillysaurus3 9y ago

And you'd end up in prison pretty quickly. The point is, it'd be worth the pain. We'd come out of it with a better system.

usaphp 9y ago

The flaw in your logic lays with the bank. You will need a bank account/visit branch/transfer loaned money somewhere where you can cash them. Banks have cameras + Irs will quickly find you and won't allow you disappear or use that money

deleted 9y ago
[deleted]
rxhernandez 9y ago
The flaw in your logic is that you fail to realize i have access to 143 million bank accounts and can transfer any number of ways I want to. You also overestimate the competence of smaller banks. Neglecting all of that you do realize that International wire transfers do exist right?
- usaphp 9y ago
  It takes 1-3 business days for a US bank to transfer any amount and I am sure it will be even higher if the transaction is not matching a usual pattern of your victim. So 144 million bank accounts mean nothing with such long processing delays
  - rxhernandez 9y ago
    Tell that to all the banks that had been sued for millions for losses due to phishing attacks. My mom's bank was one of them. The criminals got the money out successfully somehow.
    - usaphp 9y ago
      It does not mean they were not caught later by bank insurance company
  - djsumdog 9y ago
    One of the few instances where American Banking still being in the 1990s is a benefit[1] .. but not really. Australia, NZ, Singapore, most EU countries all have instant person-to-person transfers with little to no fees and supported via the government. 500 euro can be gone like that. Poof. But it's all within the same country. And when it's within the same country, it's traceable, reversible and enforceable by law. So the 1-3 business days isn't where the protection is at. It's the way we mark and track transactions. The real danger, is SWIFT transfers. Once that money leaves the country, it's very unlikely you'll ever see it again. [1]: http://penguindreams.org/blog/the-american-banking-system-is-still-in-the-1990s/ http://penguindreams.org/blog/the-american-banking-system-is...
    - raarts 9y ago
      Payments are immediate between countries too. On my vacation in Armenia (you know, former USSR and a pretty poor country) I paid in the supermarket with my Dutch debit card (chip with PIN), I immediately popped my phone and opened the banking app for my (small, Dutch local) bank, and it showed the withdrawal.