Re:An odd discovery on Spotify
by hn_throwaway_99 on Tuesday August 23, 2022 @11:10AM
(#32566032)
> How do the scammers get the money if they use someone else's (stolen) identity and bank account?
Because if you have a stolen identity and open a bank account, as long as that account isn't trying to defraud the bank (e.g. write bad checks, commit ACH fraud), it can go on living for a long time before it's discovered and closed.
In this case, they opened up a bank account with stolen identity, and then used that to get their Spotify payouts, and then eventually transferred that to another account (cash, crypto, whatever). From that bank's perspective, unless they were specifically informed of the bad account, there wouldn't be a ton of unusual activity that would flag the account.
Because if you have a stolen identity and open a bank account, as long as that account isn't trying to defraud the bank (e.g. write bad checks, commit ACH fraud), it can go on living for a long time before it's discovered and closed.
In this case, they opened up a bank account with stolen identity, and then used that to get their Spotify payouts, and then eventually transferred that to another account (cash, crypto, whatever). From that bank's perspective, unless they were specifically informed of the bad account, there wouldn't be a ton of unusual activity that would flag the account.