Why Do People Do This?

By Ted Craig February 19, 2018
The FTC is mailing 72,836 checks totaling more than $2.9 million to people harmed by a scheme by a payday lender.
The lender, CWB Services LLC, put money into people’s accounts without their permission, they withdrew recurring “finance” charges every two weeks without applying any of the payments to the supposed loan.
Wells Fargo, of course, famously got in trouble for opening fake consumer accounts. Why do this? I mean, I understand specifically why, just like I understand armed robbery. But in general, if you're with a company and somebody comes to you with such a scheme, wouldn't you say, "I dunno. I think we'll get caught." I guess you don't worry about that until you do get caught.
Last modified on Wednesday, 28 February 2018 16:27

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