Bank Account – Left Bank http://left-bank.org/ Mon, 09 May 2022 10:02:08 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://left-bank.org/wp-content/uploads/2021/07/icon-2-150x150.png Bank Account – Left Bank http://left-bank.org/ 32 32 Do this before committing to a Costco or Sam’s Club membership https://left-bank.org/do-this-before-committing-to-a-costco-or-sams-club-membership/ Mon, 09 May 2022 10:00:24 +0000 https://left-bank.org/do-this-before-committing-to-a-costco-or-sams-club-membership/ Image source: Getty Images This decision could help you avoid wasting money on a subscription you won’t use. Key points Membership stores like Costco and Sam’s Club can help you save money with bulk purchases. You don’t necessarily need to be a member to visit the store and see if it’s right for you. Many […]]]>

Image source: Getty Images

This decision could help you avoid wasting money on a subscription you won’t use.


Key points

  • Membership stores like Costco and Sam’s Club can help you save money with bulk purchases.
  • You don’t necessarily need to be a member to visit the store and see if it’s right for you.

Many households invest in Costco or Sam’s Club memberships to save money on necessities. You might be considering joining a warehouse club to stock up on bulk items and reduce your overall expenses. Before committing to an annual fee, you should first see if this type of store is right for you. Find out how you can do it.

Membership-based stores like Costco are popular. You’ve probably had a friend who raves about the great deals he’s landed. Many people save money and benefit from this type of membership. Some product prices are lower than prices found in other stores.

But this type of membership is not for everyone. You should consider your spending habits and needs before paying a membership fee.

Did you know you can visit your local warehouse club before becoming a member? By doing this, you can get a better idea of ​​available product offerings, prices, and the type of shopping experience you can expect as a member.

If you don’t visit before investing in a subscription, you risk wasting money.

Visit Costco with a friend or family member

All Costco members are allowed to bring up to two guests each time they shop. If you know someone who loves their Costco membership, ask to join them on their next purchase so you can experience the store for yourself.

You can also score Costco offers without a membership. You can shop online, go to your local pharmacy, or get an eye exam. It should be noted that you will have to pay an additional 5% when shopping online as a non-member.

Get a 24-hour guest membership at Sam’s Club

If you are considering joining Sam’s Club, you can visit your local store before becoming a member.

An easy way to do this is to get a free guest membership. This type of membership is valid for 24 hours. Although you don’t pay to get a guest pass, you will be charged a 10% service fee on all purchases.

Another option is to visit Sam’s Club with a friend or family member. If you know someone who is a member, ask to join them on an upcoming shopping spree. If you want to buy something, you can charge them and pay them back later.

Don’t want to set foot in a store? You can also shop online with Sam’s Club without being a member. You will pay a 10% service charge when placing an order online as a non-member.

Make sure a warehouse club membership is right for you

Before paying for an annual Costco or Sam’s Club membership, make sure it’s a good investment for you and your family.

If you like to buy in bulk, have extra storage space, and buy the products sold there regularly, this can be a great way to lower your grocery bill and keep more money in your bank account.

We’re all looking for ways to spend less money because inflation makes everyday products and services more expensive.

For more money-saving tips, check out our personal finance resources.

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Todd Boehly at Stamford Bridge after Chelsea takeover deal https://left-bank.org/todd-boehly-at-stamford-bridge-after-chelsea-takeover-deal/ Sat, 07 May 2022 13:53:44 +0000 https://left-bank.org/todd-boehly-at-stamford-bridge-after-chelsea-takeover-deal/ Todd Boehly is set to become the new co-owner of Chelsea FC after his consortium won their bid to buy the club for £4.25billion. Chelsea released a statement just after midnight (UK time) early Saturday morning to confirm ‘terms have been agreed for a new ownership group, led by Todd Boehly, Clearlake Capital, Mark Walter […]]]>

Todd Boehly is set to become the new co-owner of Chelsea FC after his consortium won their bid to buy the club for £4.25billion.

Chelsea released a statement just after midnight (UK time) early Saturday morning to confirm ‘terms have been agreed for a new ownership group, led by Todd Boehly, Clearlake Capital, Mark Walter and Hansjoerg Wyss, to acquire the Club’.

The statement added: “Of the total investment made, £2.5 billion will be applied to purchase the shares of the club and this proceeds will be deposited in a frozen UK bank account with the intention of donating 100% to charitable causes, as confirmed by Roman Abramovich UK government approval will be required for proceeds to be transferred from the frozen UK bank account.

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Three arrested for identity theft in Wolcott: Police – NBC Connecticut https://left-bank.org/three-arrested-for-identity-theft-in-wolcott-police-nbc-connecticut/ Fri, 06 May 2022 01:43:38 +0000 https://left-bank.org/three-arrested-for-identity-theft-in-wolcott-police-nbc-connecticut/ Three people face identity theft charges, including a homeless woman, who authorities say was sent to several Wells Fargo banks and ordered to withdraw cash. Around 11:30 a.m. Wednesday, Wolcott officers responded to Wells Fargo Bank located at 815 Wolcott Rd. on a report of a suspicious woman entering the bank. Authorities identified the 30-year-old […]]]>

Three people face identity theft charges, including a homeless woman, who authorities say was sent to several Wells Fargo banks and ordered to withdraw cash.

Around 11:30 a.m. Wednesday, Wolcott officers responded to Wells Fargo Bank located at 815 Wolcott Rd. on a report of a suspicious woman entering the bank.

Authorities identified the 30-year-old woman as Deidre Gonzalez.

A suspicious black Honda Accord with Georgia license plates that was associated with the woman was also reported.

This vehicle was also seen by officers parked in front of the bank which was occupied by two 26-year-old men, Ricardo Reid and BijeanJohnson.

According to police, Gonzalez said that about two weeks ago she was approached by the two men she had never met before, asking her if she wanted to earn $1,000 a week. She accepted, police said.

Gonzalez told police they provided him with a fake California driver’s license with his picture in a different name and a Wells Fargo bank account PIN.

They then allegedly drove to a Wells Fargo in the area where she was told to enter and withdraw nearly $2,000 from the account as the two men waited in the vehicle.

The woman told police the transaction fell through when the bank teller asked for an account number and she returned to the car, where the two men went to a laptop and were able to get an account number. Bank account.

They then drove to another Wells Fargo in the area with the ID, PIN and bank account number and attempted to withdraw the money.

That attempt failed due to insufficient funds, she told police.

They went to Wells Fargo in Wolcott with all the information and again tried to withdraw the money. Officials said she was about to complete the transaction when officers arrived inside the bank.

The three people face several charges, including criminal attempted theft, conspiracy to commit theft, forgery, identity theft, and more.

They were held on $50,000 bonds.

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Princeton Police Blotter – centraljersey.com https://left-bank.org/princeton-police-blotter-centraljersey-com/ Wed, 04 May 2022 11:52:01 +0000 https://left-bank.org/princeton-police-blotter-centraljersey-com/ A Hulfish Street business suffered a loss of $4,986 after six company checks were fraudulently deposited into various bank accounts between April 11 and April 25. Five of the six checks were recovered or voided, but the victim still suffered a monetary loss. A 30-year-old Trenton woman has been charged with impaired driving following a […]]]>

A Hulfish Street business suffered a loss of $4,986 after six company checks were fraudulently deposited into various bank accounts between April 11 and April 25. Five of the six checks were recovered or voided, but the victim still suffered a monetary loss.

A 30-year-old Trenton woman has been charged with impaired driving following a car crash on Pine Street on April 28. She was taken to the Princeton Police Department to be processed and released.

A woman reported that a check she wrote and mailed for $100 was changed to $18,500 and deposited into a bank account by a thief. The check was cleared by the bank and the victim suffered no monetary loss in the incident, which was reported on April 29.

A 36-year-old Lawrence Township man was charged with impaired driving after police investigated a call for an erratic driver on Mercer Street on April 30. He was taken to the Princeton Police Department to be processed and released.

A 45-year-old man from West Windsor Township has been arrested on an outstanding $550 warrant from Trenton Municipal Court after he was stopped by police on Mercer Street for failing to keep right and having inappropriate safety glasses on May 1st. He was taken to the Princeton Police Department to be processed and released.

A woman reported that someone gained access to two online bank accounts and wired $30,620 from their accounts without her permission. The incident was reported on April 18.

Someone used a Cuyler Road resident’s credit card to buy a MacBook Pro laptop for $1,386.11. The victim closed the credit card account after receiving the transaction notification and suffered no monetary loss in the incident, which was reported on April 19.

A 33-year-old Philadelphia man has been charged with impaired driving following a car crash on Hulfish Street on April 21. He was taken to the Princeton Police Department to be processed and released.

A 21-year-old Ewing Township man who was pulled over for speeding on State Road was arrested on an outstanding $550 warrant from Lawrence Township Municipal Court on April 24. He was taken to the Princeton Police Department to be processed and released.

Someone stole an Apple iPhone 11 Pro Max that the victim left on a bench in Nassau Street. The theft took place between 11 a.m. and 11:30 a.m. on April 24.

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No Evidence Ukrainian President Zelenskyy Owns $35 Million Florida Home https://left-bank.org/no-evidence-ukrainian-president-zelenskyy-owns-35-million-florida-home/ Mon, 02 May 2022 20:48:39 +0000 https://left-bank.org/no-evidence-ukrainian-president-zelenskyy-owns-35-million-florida-home/ A Facebook post shared false claims about Ukrainian President Volodymyr Zelenskyy, including the allegation that he owns a $35 million Florida home. the Article from April 17 was shared by Nicolas Tetrault, a former Canadian politician, and features a TikTok video of a screenshot from another social media post. “The President of Ukraine owns a […]]]>

A Facebook post shared false claims about Ukrainian President Volodymyr Zelenskyy, including the allegation that he owns a $35 million Florida home.

the Article from April 17 was shared by Nicolas Tetrault, a former Canadian politician, and features a TikTok video of a screenshot from another social media post.

“The President of Ukraine owns a $35 million house in Florida and has $1.2 billion in [an] overseas bank account,” the TikTok video reads. “Zelenskyy owns 15 homes, three private planes, and has a monthly income of $11 million.”

The message implies that Zelenskyy embezzled Ukrainian aid money to buy the houses and planes.

In a caption to the video, Tetrault echoed the sentiments of the post and also incorrectly claimed that Zelenskyy was the cousin of billionaire philanthropist George Soros – whom PolitiFact listed Pants on Fire.

Tetrault’s post has since been deleted, but it is a claim that circulating on social networks.

The post was flagged as part of Facebook’s efforts to combat fake news and misinformation on its News Feed. (Learn more about our partnership with facebook.)

The video provides no evidence to back up his claims and the TikTok account that shared it no longer exists.

The first mention of the claim that we could find on the internet was from a post on February 23, 2022, on a website called EPrimeFeed. The site appears to only publish articles written by anonymous authors, and the claim was published the day before The Russian invasion of Ukraine.

The post only cites the Nezygar channel on the Telegram messaging app as the source of the claim and offers no other evidence to substantiate the allegation. A 2018 investigation by investigative journalism site Proekt revealed that the Nezygar channel was controlled by the Russian government.

Tetrault seemed to provide context in his article by mentioning the Panama Papers and citing an unnamed source on Zelenskyy’s use of offshore companies.

the Panama papers were a series of documents made public in 2016 by offshore law firm Mossack Fonseca. Newspapers detailed how the rich and powerful could hide their money and evade taxes.

However, Zelenskyy was not named in the Panama Papers and the anonymous source used by Tetrault was from a investigation conducted by the Organized Crime and Corruption Reporting Project, or OCCRP, on the Pandora’s Papers.

Similar to the Panama Papers but more far-reaching, the Pandora Papers were a wealth of financial documents made public in 2021 that described how wealthy individuals used offshore tax havens and, in some cases, money laundering to hide their assets.

Newspapers revealed that Zelenskyy and several of his allies oversaw several offshore companies that were set up as early as 2012, OCCRP reported.

The companies have been used over the years by people close to Zelenskyy to buy several expensive properties in London.

The Pandora Papers don’t reveal how much money the offshore companies held, and there’s no mention of a $35 million Florida home, private planes, or Zelenskyy having an $11 million monthly income. dollars. However, the documents revealed some of its strengths included three offshore companies, property and cars.

An internet search of property records in florida returned no results for anything related to Zelenskyy or the offshore companies named in the Pandora Papers. We couldn’t find Zelenskyy’s name on any deed or mortgage register.

Our decision

A now-deleted Facebook post shared the claim that Ukrainian President Zelenskyy owned a $35 million Florida home among several other assets.

The allegation appears to come from a Russian-backed source, and no other corroborating evidence for the allegation could be found.

Although leaked financial documents showed Zelenskyy owned several offshore companies and other assets such as cars and property, they made no mention of a Florida home.

We rate this claim as false.

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Former S’pore cop now a bank scam buster https://left-bank.org/former-spore-cop-now-a-bank-scam-buster/ Sun, 01 May 2022 05:05:00 +0000 https://left-bank.org/former-spore-cop-now-a-bank-scam-buster/ SINGAPORE: Alan Teng is no stranger to crime, having previously served as a police criminal investigator for 13 years. But few cases make it sick like scams. READ ALSO : Young SG couple lost S$120,000 in fake text message scam targeting bank customers Now DBS Bank anti-scam team leader Teng, 49, has recalled an early […]]]>

SINGAPORE: Alan Teng is no stranger to crime, having previously served as a police criminal investigator for 13 years.

But few cases make it sick like scams.

READ ALSO : Young SG couple lost S$120,000 in fake text message scam targeting bank customers

Now DBS Bank anti-scam team leader Teng, 49, has recalled an early case when the team was formed in 2019. A woman in her 50s transferred all of her savings of 170,000 Singapore dollars (RM535,058) to scammers who posed as Chinese officials.

His bank account appeared suspicious because the oddly large transaction was linked to a foreign bank account that had been flagged for money laundering, Teng said.

READ ALSO : 75-year-old man in SG lost S$1m in identity theft scam by Chinese officials

After an hour-long phone call with the woman, Teng finally convinced her that she was being scammed. During the call, the woman had spoken on loudspeaker at the request of the scammers who manipulated her as they listened to the call.

Teng explained to her the typical tactics used by these scammers to deceive victims – that they would rush her into making a big deal and urge her to lie to the authorities.

The woman realized that she had been defrauded because these were the precise instructions given by the fraudsters.

Teng said the bank managed to freeze his account before the money was transferred to the crooks.

READ ALSO : S’pore student loses over S$300,000 to scammers posing as Chinese officials

Among the first to urge the bank to launch a dedicated anti-scam unit, Teng said he remembered the incident clearly as it proved that scams can be stopped before money is lost.

The team’s mission is to detect and prevent scams by analyzing transactions and working with law enforcement to report suspicious accounts.

Last year, the team helped recover 35 million Singapore dollars (RM110.15 million) lost to scams by freezing 5,300 bank accounts linked to scams.

Police previously said the amount was about a third of the 103 million Singapore dollars (RM324.18 million) of fraudulent money recovered in 2021.

Teng said, “All crimes are bad, but especially when a person takes advantage of vulnerable people and robs them of everything they have.”

READ ALSO : SG woman saved from losing S$500,000 after digital asset firm reports scam to cops

DBS is the only bank with an employee – Yaznisham Yazid, 29 – at the Police Anti-Scam Center (ASC) to work with officers to foil scams faster.

He will be joined by other DBS officers who will be permanently deployed to the center around June.

It is understood that other banks will follow later this year.

Yaznisham recalls saving a victim from losing S$220,000 (RM692,428) to scammers by freezing his account when it was reported by police last year.

Officers then drove to her home for investigations – all in one afternoon.

Yaznisham said, “It was done in half a day. Previously, it would have taken longer. Scams happen very quickly and there is no time to lose…

“With the rise in scams, having more people here at ASC would help us ensure that we stay on top of all accounts being quickly frozen and funds recovered.” – The Straits Times (Singapore)/Asia News Network

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How to Avoid Remote Access Scams https://left-bank.org/how-to-avoid-remote-access-scams/ Fri, 29 Apr 2022 11:57:00 +0000 https://left-bank.org/how-to-avoid-remote-access-scams/ News 8 On Your Side investigates a scam we’re hearing more and more about from viewers every day: scammers hacking their way into computers. Once you lose control of your computer, your bank account could be affected. “I got an email from McAfee saying they were going to debit my bank account for $399,” Soraida […]]]>

News 8 On Your Side investigates a scam we’re hearing more and more about from viewers every day: scammers hacking their way into computers. Once you lose control of your computer, your bank account could be affected. “I got an email from McAfee saying they were going to debit my bank account for $399,” Soraida Morales said. But Morales had never subscribed to McAfee computer protection and the email was not from McAfee. It came from a crook. Thinking the message was real, Morales called the number listed in the email. She spoke to someone who said they would refund her, but first she had to log on to her computer. After following a series of instructions, she lost control of her laptop. “I didn’t have access. Like, they were controlling my computer,” she said. Lauren Greenaway, fraud analyst at Belco Community Credit Union, said the scam messages telling consumers they’re being charged for something are the start of a remote access scam for a MacBook Pro and the member, the individual victim, says, “Well, I didn’t authorize that.” So the scammer says, ” I need to access your computer remotely so we can reimburse you,” she said. Greenaway said customers lost thousands of dollars. Morales is not a Belco customer, but she is a victim who says she lost $3000. She said she was going to use this money for her wedding. While the scammer had remote access to her computer, they accessed her bank account and claimed that ‘they were going to pay him back $400. Then they claimed they accidentally added an extra zero . “They just said they deposited $4,000 into my account,” she said. But it was no accident. This extra zero is part of the scam. They asked Morales to send the extra money back and asked him to buy gift cards worth thousands of dollars. She bought the cards and gave the scammers the numbers on the back, and the money was gone. Protect yourself Protecting yourself from this scam is as simple as that – never allow anyone remote access to your computer. at your financial institution,” Greenaway said. The scam is relatively new 8 On Your Side consumer investigator Brian Roche will walk you through this scam. He replied to one of these messages and recorded his interaction with the scammer as he tried to convince Brian to allow remote access to his computer. You can hear this conversation. so that you can recognize the scam.

News 8 On Your Side investigates a scam we’re hearing more and more about from viewers every day: scammers hacking their way into computers.

Once you lose control of your computer, your bank account could be affected.

“I got an email from McAfee saying they were going to debit my bank account for $399,” Soraida Morales said.

But Morales had never signed up for McAfee computer protection and the email was not from McAfee. It’s from a scammer.

Thinking the message was real, Morales called the number listed in the email. She spoke to someone who said they would refund her, but first she had to log on to her computer.

After following a series of instructions, she lost control of her laptop.

“I didn’t have access. For example, they controlled my computer,” she said.

Lauren Greenaway, fraud analyst at Belco Community Credit Union, said fraudulent messages telling consumers they’re being charged for something are the start of a dial-up scam.

“They’ll say there was a charge for a MacBook Pro and the member, the individual victim, says, ‘Well, I didn’t authorize that. So the scammer says, “I need to access your computer remotely so we can refund you,” she said.

Greenaway said customers lost thousands of dollars.

Morales is not a Belco customer, but is a victim who said she lost $3,000. She said she was going to use this money for her wedding.

While the scammer had remote access to his computer, they accessed his bank account and claimed they were going to refund him $400. Then they claimed they added an extra zero by accident.

“They just said they deposited $4,000 into my account,” she said.

But it was no coincidence. This extra zero is part of the scam.

They asked Morales to send the extra money back and asked him to buy gift cards worth thousands of dollars.

She bought the cards and gave the scammers the numbers on the back, and the money was gone.

Protect yourself

Protecting yourself from this scam is as simple as that – never let anyone remotely access your computer.

“If someone tells you about a compromised bank account, an unauthorized debit, and they want to log into your computer remotely, you go to your financial institution,” Greenaway said.

The scam is relatively new

This remote access scam is relatively new and has emerged during the pandemic.

We’ve all become a little more comfortable sharing access to our computers during video conferences and online meetings.

The scammers have understood this and have developed this con computer.

Coming

Next week, 8 On Your Side Consumer Investigator Brian Roche will explain this scam to you.

He replied to one of these messages and recorded his interaction with the scammer as he tried to convince Brian to allow remote access to his computer.

You can hear this conversation in order to recognize the scam.

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GetUpside becomes Upside and raises new capital https://left-bank.org/getupside-becomes-upside-and-raises-new-capital/ Wed, 27 Apr 2022 21:40:54 +0000 https://left-bank.org/getupside-becomes-upside-and-raises-new-capital/ Retail technology company GetUpside is rebranding Upside and has raised $65 million in equity financing and $100 million in debt financing, the company announced on Tuesday (April 26). Participants in the latest funding round included existing investors Bessemer Ventures and Builders VC and new investor General Catalyst, according to a Press releasethe cycle bringing Upside’s […]]]>

Retail technology company GetUpside is rebranding Upside and has raised $65 million in equity financing and $100 million in debt financing, the company announced on Tuesday (April 26).

Participants in the latest funding round included existing investors Bessemer Ventures and Builders VC and new investor General Catalyst, according to a Press releasethe cycle bringing Upside’s valuation to $1.5 billion.

“With inflation at its highest level in 40 years, we are currently at an inflection point for physical businesses, consumers and our communities,” co-founder and CEO of Upside Alex Kinnier said in a statement.

Upside presents app users with offers for patronizing local establishments, including cashbacks specific to particular businesses at a given time. Recently, a random sampling of offers around Boston, MA produced cash back offers at restaurants and gas stations ranging from 7% to 16%.

Upside said more than 50,000 stores, restaurants, gas stations and convenience stores nationwide work with it, according to the release, and 30 million customers access Upside through its apps or related apps. The company added that it had “injected $550 million into local communities” and was spending 1% of its revenue on sustainability work in the areas where it operates.

Describing its business, Upside said its technology “has helped millions of people gain more purchasing power over the things they need, and tens of thousands of brick-and-mortar businesses are turning a profit.” measurable,” with its platform managing “billions of dollars” of business annually.

In addition to its Upside app, the company offers white-label alternatives that allow businesses to power their own customer rewards programs through Upside. According to Zoominfo, the company has about 250 employees and annual revenue of $128 million.

Last fall, PYMNTS reported that Upside was working with ride-sharing platform Uber to offer fuel and convenience store promotions to Uber drivers and delivery people.

See also: Uber wants to help drivers save money with GetUpside

“Fuel and convenience store discounts were some of the most requested, and we’re excited to be able to incorporate driver feedback into this partnership, which will give them access to savings at the pump as well as in-store purchases. what they told us they want,” said Carrol Chang, Uber’s head of driver operations for the United States and Canada, at the time.

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NEW PYMNTS DATA: THE FUTURE OF BUSINESS SUPPLIER INNOVATION STUDY – APRIL 2022

Plastiq - The Future Of Business Payables Innovation: How New B2B Payment Options Can Transform The SMB Back Office - April 2022 - Find out how all-in-one payment solutions can help businesses streamline B2B transactions and eliminate transaction friction. AP and AR management

On: While more than half of SMBs believe an all-in-one payment platform can save them time and improve cash flow visibility, 56% believe the solution could be difficult to integrate with AP systems and existing ARs. The Future Of Business Payables innovation report, a collaboration between PYMNTS and Plastiq, surveyed 500 SMBs with revenues between $500,000 and $100 million to explore how all-in-one solutions can exceed customer expectations. SMEs and help sustain their activities.

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Former Vikings Co-Owner Pleads Guilty to Providing Shadow Banking Services to Cryptocurrency Exchanges | USAO-SDNY https://left-bank.org/former-vikings-co-owner-pleads-guilty-to-providing-shadow-banking-services-to-cryptocurrency-exchanges-usao-sdny/ Mon, 25 Apr 2022 19:51:45 +0000 https://left-bank.org/former-vikings-co-owner-pleads-guilty-to-providing-shadow-banking-services-to-cryptocurrency-exchanges-usao-sdny/ Damian Williams, the United States Attorney for the Southern District of New York, announced that earlier in the day, REGINALD FOWLER pleaded guilty to bank fraud, conspiracy to bank fraud, operating a money transfer business money transfer, conspiracy to operate an unlicensed money transfer business and wire fraud. FOWLER committed bank fraud and unlicensed money […]]]>

Damian Williams, the United States Attorney for the Southern District of New York, announced that earlier in the day, REGINALD FOWLER pleaded guilty to bank fraud, conspiracy to bank fraud, operating a money transfer business money transfer, conspiracy to operate an unlicensed money transfer business and wire fraud. FOWLER committed bank fraud and unlicensed money transmission while working for Crypto Capital, a payment processor that provided fiat currency banking services to various cryptocurrency exchanges through a series bank accounts opened under false pretenses. As part of the scheme, Crypto Capital and FOWLER fraudulently processed transactions equivalent to approximately $750 million in deposits and withdrawals from these exchanges. Further, FOWLER defrauded the Alliance of American Football (“AAF”) by claiming, among other things, that millions of dollars belonging to Crypto Capital and/or Global Trading Solutions clients were instead his own assets, that he was free to use to secure his investments in the AAF. Based on these misrepresentations, FOWLER acquired a significant stake in the AAF, but was unable to finance this investment, which contributed to the demise of the AAF.

Two of FOWLER’s accomplices, OZ YOSEF and RAVID YOSEF, are still at large.

US Attorney Damian Williams said: “Reginald Fowler has helped process hundreds of millions of dollars in unregulated transactions on behalf of numerous cryptocurrency exchanges, circumventing anti-money laundering safeguards required of licensed institutions. that ensure that the US financial system is not used for criminal purposes, and lie to US banks whose own policies would otherwise have prevented this.As cryptocurrency trading continues to grow, it is essential that it be conducted in a legal and transparent manner that does not permit its use by criminal actors. Today’s guilty plea reflects this Office’s ongoing commitment to the investigation and prosecution of people in the cryptocurrency that seek to continue operating in the shadows.

According to the allegations contained in the indictment, superseding indictments and statements made during the plea and other proceedings in the case[1]:

On or about February 2018, REGINALD FOWLER formed Global Trading Solutions LLC (“GTS”) and began working with Crypto Capital and other related companies (the “Crypto Companies”), which were operated by Nationals Israelis OZ YOSEF and RAVID YOSEF, among others. . Crypto companies have marketed themselves as offering individuals a transparent way to exchange government-backed, or “fiat,” currencies for cryptocurrencies. Crypto companies offered these services at a time when traditional banks were reluctant to handle cryptocurrency transactions. Due to the demand for the services of crypto companies, a number of cryptocurrency exchanges have started using crypto companies to process their fiat-to-cryptocurrency transactions.

In reality, crypto companies lied to banks in order to open accounts that were used to process cryptocurrency transactions without the banks’ knowledge. FOWLER has opened dozens of such accounts in the United States and around the world. In general, he told the banks that GTS and related companies were engaged in real estate and that funds entering GTS bank accounts represented real estate investments or rental payments from properties developed by GTS. FOWLER did not disclose GTS’s involvement with crypto companies and the fact that it operated as a payment processor for hundreds of millions of dollars in cryptocurrency transactions.

Additionally, FOWLER ordered others to include false information on wire transfer instructions to further mislead banks about the nature of GTS’s business. These false declarations would suggest that the outgoing transfers were linked to real estate transactions. In email communications with RAVID YOSEF and others, the co-conspirators discussed the need to ensure the telegraph accounts were consistent with the false information FOWLER had provided to the banks when opening the account. As the banks became aware of FOWLER’s misrepresentations, they closed GTS’s bank accounts and FOWLER transferred the system to new banks. In less than ten months, FOWLER processed approximately $750 million in cryptocurrency transactions in various currencies, including nearly $600 million in US dollars.

Even though FOWLER received and conducted monetary transactions on behalf of third parties, neither it nor GTS nor any of the crypto companies have ever been licensed as a money transfer business in the United States, as the requires federal law.

Additionally, in 2018, FOWLER defrauded the AAF, a short-lived professional football league, in connection with its acquisition of a significant stake in the league. During the negotiation of his investment in AAF, FOWLER falsely claimed personal ownership of GTS funds which actually belonged to customers of FOWLER’s illegal money transmission service established in support of crypto companies. As he did when opening bank accounts, FOWLER told AAF leaders that the funds in GTS’s bank accounts came from real estate investments as well as government contracts and that the tens of millions of dollars GTS accounts were liquid assets he could use to invest. in the AAF. FOWLER has not disclosed its involvement with the crypto companies. Further, although FOWLER experienced account closures and government seizure of GTS funds in the month prior to its investment in AAF, FOWLER did not disclose these facts to AAF. FOWLER acquired a significant stake in AAF in November 2018, but was unable to fund the investment.

* * *

FOWLER, 63, of Chandler, Arizona, pleaded guilty today to one count of bank fraud, one count of conspiracy to commit bank fraud, a chief operating officer of a wireless money transfer business license, one count of conspiracy to operate an unlicensed money transfer business, and one count of wire fraud. These offenses carry a maximum aggregate penalty of 90 years in prison.

The maximum potential sentence in this case is prescribed by Congress and is provided here for informational purposes only, as FOWLER’s sentence will be determined by the judge.

FOWLER is scheduled to be sentenced by U.S. District Judge Andrew Carter at 2 p.m. on August 30, 2022.

Mr. Williams praised the outstanding investigative work of special agents from the Federal Bureau of Investigation’s Money Laundering Investigation Squad in New York and special agents from the Internal Revenue Service-Criminal Investigations.

The prosecution of this case is being handled by the Bureau’s Money Laundering and Transnational Criminal Enterprises Unit. Assistant United States Attorneys Jessica Fender, Jessica Greenwood, Samuel Raymond, Samuel Rothschild and Sheb Swett are charged with the prosecution.


[1] As to FOWLER’s co-defendants, the entire text of the Indictments and the descriptions of the Indictments below are allegations only, and each fact described should be treated as an allegation.

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How to Use Airtel Payments Bank Features on WhatsApp https://left-bank.org/how-to-use-airtel-payments-bank-features-on-whatsapp/ Sun, 24 Apr 2022 05:29:00 +0000 https://left-bank.org/how-to-use-airtel-payments-bank-features-on-whatsapp/ Tips & Tricks oi-Abhinaya Prabhu | Posted: Sunday April 24th 2022, 10:59 AM [IST] In recent years, banking has become more convenient and less time-consuming and there is no longer a need to stand in long queues. Although the internet has made this possible, WhatsApp takes this banking advancement to the next level with Airtel […]]]>

Tips & Tricks

oi-Abhinaya Prabhu

|

In recent years, banking has become more convenient and less time-consuming and there is no longer a need to stand in long queues. Although the internet has made this possible, WhatsApp takes this banking advancement to the next level with Airtel Payments Bank. Accessing Airtel Payments Bank services on WhatsApp is as easy as adding a number to your contacts.

How to Use Airtel Payments Bank Features on WhatsApp

How to Use Airtel Payments Bank Features on WhatsApp

To register for Airtel Payments Bank on WhatsApp, you need to save the associated WhatsApp Business account number 8800688006 in your contact list. After saving the contact, you just need to tap ‘Hi’ and send the message to the contact to start the conversation.

Notably, WhatsApp claims to offer certain advantages to its users over banking media. The biggest advantage is the 24/7 banking support, which also includes holidays. Airtel assured that the information will remain safe and secure as it uses end-to-end encryption.

According to Airtel Payments Bank, all messages and service requests made through WhatsApp are secured with end-to-end encryption. Even your account information will not be shared with anyone. You won’t need to provide any confidential information like PIN on WhatsApp which makes it secure. Moreover, it is free to use Airtel Payments Bank WhatsApp Banking services which is similar to using any other WhatsApp Business account.

Airtel Payments banking services on WhatsApp

After registering to use the features of Airtel Payments Bank via WhatsApp, you can access a wide range of services. You will be able to learn more about bank details from this new option.

First of all, you can buy gift cards to give to your loved ones on any special occasion and also be able to buy digital gold through Airtel Payments Bank on WhatsApp. Then you can recharge your FASTag account or also get the necessary information about it.

With Airtel Payments Bank on WhatsApp, you can avail instant personal loans through WhatsApp. In addition to that, you can perform mobile recharges and pay your utility bills through this feature.

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Article first published: Sunday, April 24, 2022, 10:59 a.m. [IST]

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