Sunday, December 2, 2012

Latest Internet Scam Busted

The  scam center of the world is found in Râmnicu Vâlcea, Romania. From this city of 120000 people, scammers are bred by the crime gangs that have risen out of the free markets experience of Romania. A city which knew only the communist brand of wealth has now become a mecca for the wealth of the free market. The issue is free market to these gypsy crime gangs is defined as bank account free-for-all.

The daily news reports Romanian Crime Syndicate Busted in Global Credit Card Fraud: 16 members of an international crime gang have been busted after an internet scam netting $31million from bank accounts. The authorities do not recover the stolen money. Nonetheless, this is supposed to assure us the law enforcement authorities are on the job and we can rest in peace that our bank accounts will not be targeted again—if only this were true!

 A criminal investigator told me that these people only operate from computers out of Romania, there is no chance of them knocking on my door, nor stealing any of my personal belongings.  Yet when these cyber criminals worked out how to gain access to people’s bank accounts by obtaining their card numbers and PINs (personal identification numbers) from ATMs (automatic teller machines), they were not sitting in an internet café in Bucharest, let alone Râmnicu Vâlcea. Instead, they were placing electronic surveillance equipment within exact replica facades that were placed over the ATMs to capture the bank account details and PINs of the unsuspecting bank customers.

The scammers have branched out and many are living in different countries of the world, where they will attempt to open bank accounts with false identification, and then use those accounts to transfer money stolen from other accounts. The stolen money is then withdrawn and sent via Western Union to Râmnicu Vâlcea. According to one reporter, there are some twenty Western Union branches in Râmnicu Vâlcea. They are doing a roaring business, not to mention the high-end European car dealerships that have sprung up selling expensive models of Mercedes, Audi and BMWs.

Scams are now being perpetrated by criminals who are actually lurking around a city near you, seeking to steal your identification details, by whatever means, so they can set up legitimate bank accounts for which you and I may be responsible.

Fortunately, the authorities relatively understand and are aware of what is happening.  Nevertheless, we need to be vigilant in ensuring that our on details are kept as safe as possible. This means ensuring that we not only check our bank accounts regularly to see that no money is going missing and all transactions are in accordance to dealings. This also means that when we use ATMs and are pressing the buttons to enter our PIN that we cover what we are doing, so the numbers cannot be recorded by any surveillance technology that might happen to be installed in a false covering in the upper portion of the hole in the wall. Failure to do this, more than likely, could mean we will have an even greater hole in our financial situation.

It is much better to make money honestly, as these guys are getting caught and the criminal investigators are putting them away. Making money honestly means you can sleep at night and have a clear conscience. This is why it is much better to blog and be rewarded for doing so. If you want to learn more about how to blog and make money, click here NOW.

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