Hacker News new | past | comments | ask | show | jobs | submit login

This is literally fraud and maybe identity theft, isn't it?

And not even high tech, people used to do the exact same thing with paper cheques by mail.

There's a sending bank account, a receiving bank account and a digital trail. With the newer KYC laws, it should be easier to find the criminals.

Happens a lot in the UK and they don't do anything about it because the police has been defunded to hell.




I don't assume it is because the police had been defunded. I think the reality is that it is not worth anyone's time to follow up e.g. £100 theft when the bank will refund you. That could easily cost £5K+ to investigate and prosecute and if the thief doesn't really have anything, they can't get the money back anyway.

I had a motorbike jacket stolen once which contained my house keys and wallet. The police found the guy and he was fined £40 or something. I lost the £100 bike jacket and had to pay around £40 to get my keys recut. Was it really worth it?




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: