Amazingly Enough, It's Illegal To Let Anyone Write Checks On Any Bank Account Without Verifying Identity
from the seems-to-make-sense dept
It comes as no surprise that a judge has put a halt to an online check company that was a favorite of identity theft and auction scammers everywhere, in that it let them write checks on any account without bothering to do little things like verifying that the person writing the check actually was the owner of the account. It would seem like such things would be obvious if you were providing an online check writing service, but apparently not for this company. Even better, according to the second report above, even when people discovered their accounts had been unfairly used by scammers via this service, it was nearly impossible to reach the company to put a stop to it. "Herculean persistence" tends not to be a phrase you want to hear when it concerns contacting a company that has given access to your bank account to a bunch of scammers. It seems like plenty of people are probably pretty happy that the FTC and a federal judge has agreed to shut this offering down.