Sentences with phrase «fake accounts at banks»
The attackers took great pains to learn each bank's particular system, while they set up fake accounts at banks in the United States and China that could serve as the destination for transfers.
https://www.nytimes.com/ Not exact matches
«In soliciting investments in the Fake Funds, CASPERSEN made the following false representations to investors, among others: in recognition for his prior work with Park Hill Group, CASPERSEN had been offered a «friends and family» investment allocation in a security that was allegedly offered by a private equity firm; CASPERSEN was personally investing in the security, and offering it to his family and a limited number of friends; the investment was a credit facility secured by a portfolio of assets owned by one of the Legitimate Funds; the investor would receive quarterly interest payments, ranging from 15 to 20 percent; the investment was practically risk - free, as the loaned funds would remain in a bank account; the investor could withdraw the principal at any time with 90 days» notice; and investor funds should be wired to one of the Fake Fund Accounts.
She reportedly told her family she was going to a sleepover at a friend's house, used a fake bank account to buy a plane ticket to Istanbul, then travelled via land to ISIS - controlled Syria.
«Replacing an insider CEO who personally profited from the bank opening millions of fake accounts with another highly placed insider who personally profited from the same activity does not lead to change at the bank,» Warren told Vox in an interview after the hearing.
Replacing an insider CEO who personally profited from the bank opening millions of fake accounts with another highly placed insider who personally profited from the same activity does not lead to change at the bank.
The check is fake and may appear to clear at first, but after a few days the bank will send it back as fraudulent and you will be out any money they credited to your account, especially if you withdrew cash to wire to someone else.
People should get upset at banks when they misbehave as Wells Fargo employees did by opening up fake accounts using customer info so that employees can meet their sales quota.