Meanwhile, the IRS is going to track all of your expenditures over $600 and require paperwork be sent out.
Scammers will figure out ways to get vulnerable people’s money... I can see this happening very easily to my parents. But Chase does appear to be a particularly evil corporation.
what could the scammer possibly have said that would “trick” the person into sending them $600,000 ??!?!?
I think banks are the government’s secret police, but that said, they can’t be responsible for their customer’s stupidity
If her mother was no longer competent to handle her own financial affairs, why didn't Lisa do something about it before it got to this point? I guess it's always easier to blame somebody else when you screw up.
“””” Lisa Spanierman contacted me recently to relate how her 81-year-old mother got fleeced””””
Sorry Lisa but you can’t fix stupid. And the stupid person is you, Lisa Spanierman.
Lisa, you are the one who failed to ‘honor your mother’ as written thousands of years ago.
Geez, I charge $10 and I get a call from my credit card company.
Well my Credit Union calls me anytime they see anything on my bill out of state because I rarely do that. But when I do I use my charge.
Wiring 600K? Someone needs their head examined imho.
This why my mom does not have credit cards or a large checking account. She is 3/4 deaf and blind so scammers can’t do much any way. She calls me when “amazon” says there is a problem with my/dads/someones’ account.
A $600k wire from a legitimately identified customer is not unusual for a bank like Chase.
I know it sounds large to a lot of people…but these days someone wiring that much when they buy or sell a home is almost normal.
It’s not the banks job to prevent people from being stupid.
I did a wire transfer of over $100K for a real estate deal.
The guy from the bank spent over 45 minutes with me, verifying the destination account, and asking me if anything was abnormal, and If this was what I was really trying to do.
He asked these type of questions about 10 times. It took a while, but I was encouraged that the bank cared, and that the money went to the correct place.
My old company used to have special procedures for wires to specific countries. We’d have to call them, and ask them what is was for, whether they spoke to someone on the phone, and we then told them that if it’s a scam, we’re not liable, since they’re signing to have this money transferred. It made a few people rethink their wire plans, and we many people had “trusted contacts” in their family we could call for elderly clients in those situations.
In any case-we are in the phase where NEA failures are coming home to roost
MY bank would’t cash a check I made out to the guy who remodeled my kitchen. They were not used to seeing me make out checks that large so they called me
speaking of scams:
A friend’s wife got an email saying her Norton AV was expiring and they were going the debit her account for $450.
So she calls. They bounce her around on hold for an hour. (building investment of her time)
Then they get on her computer to ‘help’ remove the software, and while there they bring up a ‘company webpage’ to refund her the $450. While she watches, they enter in $4500 and hit return.
“Oh no! Ma’am, I’ve screwed up and refunded you $4500. If I don’t fix this I’m going to lose my job! And, you’ve now got $4000 of my company’s money!”
You know what happens next. Fortunately, she sought advice and never sent the money, even though they called back and tried to lean on her... careful to never cross the line.
It’s your money. The most the bank can do is make sure it’s really you and this is really what you want to do with your money.
So do we want banks not allowing people over a certain age to move money? What age would that be? Not sure what the bank did wrong.