How scammers do CHECK FRAUD with banks & make $20-$50k!!! WDYM TAP IN??

Gleecin Daily
2 Oct 202306:09

TLDRThe video discusses various methods scammers use to commit check fraud, including stealing mail and exploiting online platforms with fake job listings or sugar mama schemes. It emphasizes the importance of understanding these tactics to avoid becoming a victim, while also highlighting the significant financial gains scammers can make from such activities.

Takeaways

  • 🚫 The video aims to educate viewers on check fraud to prevent them from becoming victims, not to encourage illegal activities.
  • 💌 Scammers obtain checks through various means, including theft from mailboxes or post office boxes, and working at small businesses where they receive paychecks.
  • 🤡 Scammers create fake profiles on social media platforms to lure victims with promises of jobs or relationships, sending fake checks and asking victims to deposit and return part of the funds.
  • 🏦 The scammer then finds a person willing to use their bank account for the scheme, often someone desperate for money or with a history of substance abuse.
  • 💰 The scammer instructs the victim to deposit the fake check and transfer a portion of the funds back, keeping the rest for themselves.
  • 📈 Scammers can target business accounts as well, although the specifics are not detailed in the video to avoid further scrutiny.
  • 🌐 The video creator emphasizes the importance of being cautious with financial transactions and protecting one's personal information online and in real life.
  • 🎭 The video creator uses a mask to conceal their identity due to concerns about being known or targeted for sharing information on scams.
  • 🔒 The video is posted with the intention of raising awareness and not violating any terms of service or community guidelines.
  • 💌 The video creator mentions that more detailed information can be provided through private channels, such as Telegram, to those interested.

Q & A

  • What is the speaker's primary intention in making the video?

    -The speaker's primary intention is to educate viewers on how check fraud works to help them avoid getting scammed, not to condone or encourage such activities.

  • How does the speaker plan to continue sharing information despite YouTube's policy against such content?

    -The speaker plans to keep uploading the video, asserting that they are not violating any terms of service or community guidelines, and are sharing the information for educational purposes.

  • What are some ways scammers obtain checks for fraudulent purposes according to the speaker?

    -Scammers obtain checks by stealing from mailboxes, post office boxes, or working at small businesses where they have access to paychecks with business information.

  • What is the process of a common scam involving fake sugar mamas or job listings as described in the script?

    -Scammers create fake profiles on sites like Facebook, Reddit, Tinder, and offer fake jobs or pretend to be sugar mamas. They send victims a check, asking them to deposit it and send back a portion. The check bounces, leaving the victim out of money and with a negative bank balance.

  • How does the individual mentioned in the script exploit the scam for personal gain?

    -The individual finds the scammers, usually located in places like Nigeria, and then finds someone willing to use their bank account to deposit the fake check. After the money is deposited, the individual takes a portion for themselves and leaves the rest for the account holder, knowing the check will bounce.

  • What is the speaker's stance on revealing more details about check fraud methods?

    -The speaker is hesitant to reveal more details about check fraud methods to avoid encouraging such activities and to prevent being flagged or penalized by platforms like YouTube.

  • How does the speaker plan to share more information for those interested?

    -The speaker plans to share more information through Telegram, where they will provide additional insights and details that they chose not to disclose in the video.

  • Why does the speaker wear a mask in the video?

    -The speaker wears a mask to conceal their identity because they prefer not to be widely known or recognized, especially when discussing sensitive topics like check fraud.

  • What is the speaker's advice to viewers regarding check fraud?

    -The speaker advises viewers to be very cautious and aware of the methods scammers use, to protect themselves from falling victim to such frauds.

  • What is the term used in the script to refer to money obtained through scams?

    -The term used in the script to refer to money obtained through scams is 'bread'.

  • What is the significance of the mention of 'business accounts' in the context of check fraud?

    -The mention of 'business accounts' suggests that they can be targeted for more significant amounts of money in check fraud schemes, but the speaker does not provide details to avoid encouraging such activities.

Outlines

00:00

🚨Fraud Awareness and Prevention

This paragraph discusses the importance of understanding fraudulent activities to avoid becoming a victim. The speaker clarifies that their intention is not to condone illegal actions but to educate on how scams operate, emphasizing the need for vigilance both online and in real life. The speaker acknowledges YouTube's policy against sharing such information but justifies their educational approach. They delve into the methods scammers use to obtain checks, such as stealing from mailboxes or post office boxes, and working at small businesses to acquire paychecks. The speaker also explains a common scam involving fake sugar mamas or job listings that trick victims into depositing and returning fake checks, resulting in financial loss for the victims. The paragraph concludes with a mention of more sophisticated scams that the speaker is aware of but chooses not to detail.

05:01

🤫Insider Knowledge on Advanced Scams

The speaker continues the discussion on scams by focusing on more advanced schemes involving business accounts, specifically highlighting the figure of 30,000 as a common target amount. They express a reluctance to provide detailed information on these scams due to the risk of being flagged or penalized by platforms like YouTube. Instead, the speaker offers to share more information through a private channel, such as Telegram, where they claim to have extensive knowledge and contacts. The paragraph ends with a cautionary note for the audience to be very careful and aware of the prevalence of scammers, as the speaker themselves takes measures to conceal their identity.

Mindmap

Keywords

💡Check Fraud

Check fraud refers to the illegal act of using or manipulating checks to deceive and obtain money or services. In the context of the video, it is the primary method scammers use to exploit both individuals and businesses, often leading to significant financial losses for the victims. The video aims to educate viewers on how check fraud works to help them avoid falling for such scams in the future.

💡Scammers

Scammers are individuals who engage in fraudulent activities with the intent to deceive others for personal gain. In the video, the speaker discusses various tactics scammers use to carry out check fraud, emphasizing the importance of understanding these methods to prevent becoming a victim. The term is used to highlight the dishonest and illegal actions of certain individuals in the realm of financial scams.

💡Stealing Mailboxes

Stealing mailboxes is an illegal act where scammers gain access to individuals' or businesses' mail, often to obtain sensitive information such as checks. In the video, this method is mentioned as one of the ways scammers acquire checks for fraudulent purposes. It serves as an example of the unethical and criminal lengths scammers will go to in order to carry out their schemes.

💡Phishing

Phishing is a type of online scam where fraudsters use deceptive tactics, such as fake emails or websites, to trick people into revealing sensitive information. In the video, the speaker describes how scammers create fake profiles on social media platforms to lure victims into fake job listings or sugar mama schemes, which often involve sending fake checks. This keyword is crucial in understanding the digital aspect of check fraud and how scammers exploit online interactions for their benefit.

💡Fake Checks

Fake checks are counterfeit or altered documents that appear to be legitimate but are used with the intent to deceive and defraud. In the video, the speaker explains that scammers often send fake checks to their victims, instructing them to deposit the funds and send back a portion, only for the original check to bounce, leaving the victim financially responsible for the withdrawn amount. This keyword is central to the theme of the video, as it highlights the deceptive tools scammers use in check fraud.

💡Digital Checks

Digital checks, also known as electronic checks, are a form of payment that allows funds to be transferred electronically without the need for a physical check. In the video, the speaker mentions that scammers use digital checks as part of their fraudulent schemes, often sending a picture or digital representation of a check to their victims. This keyword is important in understanding the modern methods scammers employ to carry out check fraud remotely and with less risk of detection.

💡Money Laundering

Money laundering is the process of making illegally-gained proceeds appear legal by concealing, transferring, or altering the source of the funds. In the context of the video, the speaker discusses how scammers use other people's bank accounts to deposit and transfer stolen funds, effectively 'laundering' the money and making it harder to trace back to them. This keyword is significant as it reveals the broader financial crimes that can be associated with check fraud.

💡Account Bounce

An account bounce, or overdraft, occurs when a bank account does not have sufficient funds to cover a transaction, resulting in the transaction being rejected. In the video, the speaker uses the term to describe the outcome of depositing a fake check and withdrawing funds before the bank realizes the check is fraudulent. The victim's account will bounce, leaving them responsible for the withdrawn funds and potentially incurring additional fees.

💡Sugar Mamas

The term 'sugar mamas' is used in the video to refer to fake profiles created by scammers, often on social media or dating platforms, that pose as wealthy individuals seeking relationships. These fake profiles are used to lure victims into scams, such as sending fake checks under the pretense of financial support or gifts. The keyword is significant as it exemplifies the deceptive tactics scammers use to gain the trust and money of unsuspecting victims.

💡Business Accounts

Business accounts are financial accounts established by companies for their operational and transactional needs. In the video, the speaker alludes to the fact that scammers target business accounts as a source of checks for their fraudulent activities, potentially due to the higher limits and larger funds available. This keyword is important as it highlights the broader scope of check fraud and its impact on businesses.

💡Telegraph

In the video, the speaker mentions 'Telegram,' which is a messaging app that allows for secure and encrypted communication. The speaker uses this platform to share more information about check fraud schemes, presumably to avoid scrutiny or detection by authorities. This keyword is relevant as it shows how scammers utilize technology and communication tools to coordinate and perpetuate their fraudulent activities.

Highlights

Scammers use various methods to obtain checks, including stealing from mailboxes and post office boxes.

Some scammers work at small businesses and use the checks they receive as a source for fraudulent activities.

Online platforms like Facebook, Reddit, and Tinder are exploited by scammers through fake sugar mamas or job listings to send fraudulent checks.

Scammers instruct victims to deposit a fake check and send a portion of the money back, keeping the rest for themselves.

Victims are left with negative account balances and no recourse once the check bounces and the scammer disappears.

The scammer's intermediary often finds a person willing to use their bank account for the scam, targeting those in desperate need of money.

Digital checks are a preferred method for scammers as they avoid getting caught and act as a middleman.

Scammers target business accounts for larger scale fraud, with some operations netting tens of thousands of dollars.

The video creator emphasizes that the information is shared for educational purposes to help people avoid scams.

Despite YouTube's efforts to flag and remove such content, the video creator insists on sharing this knowledge to protect potential victims.

The video creator warns viewers that they should be cautious in both their online and real-life interactions to avoid falling for such scams.

The video provides insights into the mindset and tactics of scammers, encouraging viewers to be proactive in safeguarding their financial security.

The video creator uses a masked identity to protect their privacy, highlighting the sensitive nature of discussing such topics.

For those seeking more information, the video creator offers to share additional details through a private channel like Telegram.

The video serves as a cautionary tale, illustrating the potential consequences of engaging in scams or falling victim to them.

By understanding the mechanics of check fraud, individuals can better protect themselves and their financial assets.

The video underscores the importance of vigilance and skepticism when dealing with unexpected financial transactions or opportunities.

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