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Re: Ebay & Gumtree Vehicle / Car Scams
I hold banks accountable to a greater extent than I do anyone else, simply because I, and the FCA, expect a greater standard of competence and probity from them. However I am particularly shocked by the advert in my last post simply because a member of the public. I presume, has paid to post an advert at no little cost and, through no fault of his own, has had it re-posted for something like half the price by someone else, on the face of it by a dealer, though we know this isn't the case. Fat waste of money that was.
It is quite an extraordinary example demonstrating that the site is something of a shambles, which is putting it nicely. In actual fact the truth is that the paying client is getting a poor deal compared with the criminals who appear able to roam freely rearranging the adverts as they please free of charge for the purpose of stealing money from unwitting buyers and disrupting anyone's attempt to make a sale.
I'm not uncritical of banks because, if there weren't an oversupply of bank accounts set up by criminals to launder the stolen money, this fraud simply wouldn't exist and there'd be no point hackers messing with adverts. Most frauds rely on a combination of procedural lapses to succeed and those in ad sites and banks have led to the formation of what is ostensibly an international criminal industry, which is nothing short of astounding. To discover victims on the opposite side of the globe having their stolen funds routed through a UK bank of which they may be unaware is incredible.
I hold banks accountable to a greater extent than I do anyone else, simply because I, and the FCA, expect a greater standard of competence and probity from them. However I am particularly shocked by the advert in my last post simply because a member of the public. I presume, has paid to post an advert at no little cost and, through no fault of his own, has had it re-posted for something like half the price by someone else, on the face of it by a dealer, though we know this isn't the case. Fat waste of money that was.
It is quite an extraordinary example demonstrating that the site is something of a shambles, which is putting it nicely. In actual fact the truth is that the paying client is getting a poor deal compared with the criminals who appear able to roam freely rearranging the adverts as they please free of charge for the purpose of stealing money from unwitting buyers and disrupting anyone's attempt to make a sale.
I'm not uncritical of banks because, if there weren't an oversupply of bank accounts set up by criminals to launder the stolen money, this fraud simply wouldn't exist and there'd be no point hackers messing with adverts. Most frauds rely on a combination of procedural lapses to succeed and those in ad sites and banks have led to the formation of what is ostensibly an international criminal industry, which is nothing short of astounding. To discover victims on the opposite side of the globe having their stolen funds routed through a UK bank of which they may be unaware is incredible.
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