3 ms·
Note that, while the article heavily implies that this was fraud, it doesn't actually say whether they were stealing or whether these were actual valid withdraw
by StavrosK 6y ago
Note that, while the article heavily implies that this was fraud, it doesn't actually say whether they were stealing or whether these were actual valid withdrawals of customers. The latter is pretty crazy, but it's not fraud (and I would guess that it's not that rare for banks to have customers withdraw large amounts in cash).
- durnygbur 6y agoMy understanding is they were an equivalent and competition of businesses like Neteller, Skrill, (Transfer)Wise, Paypal. Not sure how clients would directly withdraw cash from them? These could be valid "cash transfers" to various subsidaries avoiding banking system for whatever reason. BTW there was an interesting "cash fever" months before outbreak of COVID, even Deutsche Bank in Germany was putting in their ATM areas messages "for withdrawals exceeding 10k eur notice us in advance", hadn't seen them ever before.
- StavrosK 6y agoHmm, I know of people using them as a bank, but I've never used them personally, so I'm not terribly familiar.