Sunday, 11 November 2012

Scam Checker

Scam Checker

It would be music to any non-profit organization’s ears: an unexpected $1,000 donation. But the offer came with dirty strings attached, and the surprise donation to California-based Urban Age Institute was hardly a gift at all. Instead, it placed the organization right in the middle of an extensive — but elegantly simple — worldwide scam. Within days, $10,000 worth of checks were written against the non-profit's accounts and cashed by a woman in Georgia. She in turn wired money to Nigeria. The incident left the organization's leaders wondering: Is it that easy to raid anyone's checking account?  The answer, according to banking experts interviewed for this story, is yes.

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