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Old 06-28-2014, 10:26 AM   #61
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I check my accounts daily online, unless I am traveling, in which case I check them whenever I have access to a secure network. It's far easier to keep track of recent transactions, avoid a negative balance, and spot any anomalies. As tiuxiu said, it just takes a few minutes. No matter how busy I was, I have always been the CEO of Me, Inc., and consider this just good practice.
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Old 01-13-2015, 10:47 AM   #62
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Any update on what happened in this case? The real question is how the individual got access to the bank account in the first place. How would he physically show up in a bank and convince the bank that he is the holder of the account?
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Old 01-13-2015, 11:36 AM   #63
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Thanks for asking and I had meant to update this thread. They figured out who the individual stealing the money was, got a warrant, a detective drove 4 hours and knocked on the door and arrested him. Apparently, the FBI also got involved because the total amount was $50K. My friend said his amount was almost $40K. The payments had stopped a couple of months prior but he never moved from the place where he was living.

Anyway, at first they only reimbursed my friend for the amount taken since the second to last monthly statement, which was only a fraction of the total money stolen. BUT the individual involved was a former employee of the bank!! Apparently, that was how he got the information. Right after all this arrest and discovery, my friend got all his money refunded.

The time from my friend's discovery of the missing funds to this guy's arrest and my friend's money refund (which happened almost immediately after) was about 11 weeks.
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Old 01-13-2015, 03:49 PM   #64
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I get email alerts for just about every type of email alert that my bank offers. Gas station purchase, purchase over $10, card not present,etc.

I also have a credit card spending limit of $500.
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Old 01-13-2015, 04:35 PM   #65
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The FBI didn't get involved because the amount was $50K. They got involved because its a Federal offense to steal money from a bank, whether its an old fashioned robbery, wire fraud or any other means of theft from a bank.
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Old 01-13-2015, 04:40 PM   #66
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That's great that the FBI got involved and tracked it down. They are supposed to, of course, but it's still good to know they were successful.
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Old 01-13-2015, 05:52 PM   #67
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Because of this thread I went into my Chase account. There is an alert setting which I had previous not set: "a payee has been added to my online bill pay profile".
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Old 01-13-2015, 06:02 PM   #68
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Quote:
Originally Posted by Lsbcal View Post
Because of this thread I went into my Chase account. There is an alert setting which I had previous not set: "a payee has been added to my online bill pay profile".
A payee can't be added to my bank checking account bill pay without a code being sent to my cellphone and entered on-line to complete the process. And then I still get an email alerting me to the details of a new payee being added.
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Old 01-14-2015, 03:35 AM   #69
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The FBI didn't get involved because the amount was $50K. They got involved because its a Federal offense to steal money from a bank, whether its an old fashioned robbery, wire fraud or any other means of theft from a bank.
My friend was told it was because of the $50K that the FBI got involved.

Presumably, the reason is that small-time identity theft, one of the most common crimes in the USA, would otherwise overwhelm the FBI.
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Old 01-17-2015, 09:41 AM   #70
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Great news! I pushed DH to put security on everything. He used to work on technology side of FIDO and somehow thinks it won't happen. So I told him about this story, and he put everything together.
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Old 01-17-2015, 10:17 AM   #71
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My friend was told it was because of the $50K that the FBI got involved.

Presumably, the reason is that small-time identity theft, one of the most common crimes in the USA, would otherwise overwhelm the FBI.
I don't know who told your friend that, but I am a police detective (retiring next Friday) that has worked numerous joint investigations with the FBI. Trust me when I tell you that the FBI doesn't care about theft of $50,000. They normally have a threshold of $250,000-$500,000 or more before they get involved in anything from theft to fraud to counterfeiting. The reason is exactly what you stated. They have relatively small amount of manpower compared to local law enforcement agencies and they would be overwhelmed if they investigated smaller cases. $50,000 is a lot to have stolen from you but not compared to cases the FBI works. Having said that, theft from a financial institution gives the FBI automatic jurisdiction no matter the amount.
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Old 01-18-2015, 06:12 PM   #72
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Quote:
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I don't know who told your friend that, but I am a police detective (retiring next Friday) that has worked numerous joint investigations with the FBI. Trust me when I tell you that the FBI doesn't care about theft of $50,000. They normally have a threshold of $250,000-$500,000 or more before they get involved in anything from theft to fraud to counterfeiting. The reason is exactly what you stated. They have relatively small amount of manpower compared to local law enforcement agencies and they would be overwhelmed if they investigated smaller cases. $50,000 is a lot to have stolen from you but not compared to cases the FBI works. Having said that, theft from a financial institution gives the FBI automatic jurisdiction no matter the amount.

I assume the threshold is Total amount, so if a number of accounts where involved at $50k per, they would get involved, after all, each is a separate count, yes?



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Old 01-18-2015, 10:24 PM   #73
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Utrecht's explanation makes sense to me, plus he has the experience, and my victim friend was probably not privy to all the details. I could ask my friend about it but he hates to even think about this whole episode, so I will only ask if it happens to come up.
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