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(Huffington Post)   What? Western Union may be used for fraud? The hell you say. Somebody fetch my fainting goats   (huffingtonpost.com) divider line 23
    More: Obvious, Western Union Co, Federal Trade Commission, consumer complaint, fake  
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2676 clicks; posted to Main » on 25 Feb 2014 at 8:44 AM (21 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



23 Comments   (+0 »)
   
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2014-02-25 08:49:17 AM
stream1.gifsoup.com
 
2014-02-25 08:51:13 AM
WHAT.  You're telling me that wire transfer companies have a financial incentive to NOT stop fraud?

i6.photobucket.com
 
2014-02-25 08:54:40 AM
People still use Western Union?

Oh, and this: http://www.youtube.com/watch?v=fJMwxucTJyo
 
2014-02-25 09:01:39 AM
Is the FTC going to investigate envelopes next for their ties to organized crime? Of course Western Union is used for fraud. If someone on the internet wants you to pay them via Western Union, you know you're getting ripped off.
 
2014-02-25 09:01:48 AM

markfara: People still use Western Union?


I've heard of some landlords who insist on rent being paid in money orders, for what I'm sure are legitimate reasons.
 
2014-02-25 09:07:16 AM

Arkanaut: markfara: People still use Western Union?

I've heard of some landlords who insist on rent being paid in money orders, for what I'm sure are legitimate reasons.


So long as it is a legal, negotiable instrument, why should it matter?
 
2014-02-25 09:09:37 AM

Gary-L: Arkanaut: markfara: People still use Western Union?

I've heard of some landlords who insist on rent being paid in money orders, for what I'm sure are legitimate reasons.

So long as it is a legal, negotiable instrument, why should it matter?


Just make sure you get a receipt.
 
2014-02-25 09:14:13 AM
I actually thought the feinting goats where kind of cute, now feinting mini-giraffes that's a whole different story.
 
2014-02-25 09:25:08 AM
My father-in-law was a victim of the "I'm your grandson in jail in Canada, I need money, please don't tell my mom and dad" scam.

They got over $10k from him before my sister-in-law caught on.

I'm just not sure how WU could protect against it.
 
2014-02-25 09:33:29 AM

FTA; The world's largest money-transfer company reported a 27 percent drop in fourth-quarter profit, largely due higher costs linked to tightened regulations to prevent money laundering.


Wait wait wait. The government cares about money laundering now? Well then let me toss you guys a bone:

HSBC was caught red-handed laundering money for terrorists and drug cartels.

Oh you already knew? And you announced the executives are 'too big to jail'? I see.

 
2014-02-25 09:36:33 AM
oi40.tinypic.com
 
2014-02-25 09:36:43 AM

Gary-L: Arkanaut: markfara: People still use Western Union?

I've heard of some landlords who insist on rent being paid in money orders, for what I'm sure are legitimate reasons.

So long as it is a legal, negotiable instrument, why should it matter?


If I'm not mistaken Western Union charges the purchaser of the money order a fee, so by insisting on the money order the landlord is increasing the cost to the renter in both money and time.
 
2014-02-25 09:38:11 AM

albatros183: I actually thought the feinting goats where kind of cute, now feinting mini-giraffes that's a whole different story.


Are those the ones that can dodge out of the way of amorous farmers?
 
2014-02-25 09:41:45 AM

Arkanaut: Gary-L: Arkanaut: markfara: People still use Western Union?

I've heard of some landlords who insist on rent being paid in money orders, for what I'm sure are legitimate reasons.

So long as it is a legal, negotiable instrument, why should it matter?

If I'm not mistaken Western Union charges the purchaser of the money order a fee, so by insisting on the money order the landlord is increasing the cost to the renter in both money and time.


Western Union is not the only source of money orders just like not all checking accounts are free.  Long story short, the payer is going to incur a fee ensure the payee is receiving a negotiable instrument.

And, as someone mentioned previously, the payer should not remit payment until and unless the payee issues a receipt upon receipt of payment.
 
2014-02-25 09:42:46 AM

Arkanaut: Gary-L: Arkanaut: markfara: People still use Western Union?

I've heard of some landlords who insist on rent being paid in money orders, for what I'm sure are legitimate reasons.

So long as it is a legal, negotiable instrument, why should it matter?

If I'm not mistaken Western Union charges the purchaser of the money order a fee, so by insisting on the money order the landlord is increasing the cost to the renter in both money and time.


Maybe the landlord is sick of bounced checks. Which cost him/her money and time.
 
2014-02-25 09:43:30 AM

BizarreMan: My father-in-law was a victim of the "I'm your grandson in jail in Canada, I need money, please don't tell my mom and dad" scam.

They got over $10k from him before my sister-in-law caught on.

I'm just not sure how WU could protect against it.


There's been an occasional issues where Western-Union or their employees KNOW they're taking part in a scam like that but they're prohibited by company policy or state law from telling the person they're being scammed.
 
2014-02-25 09:48:31 AM

Gary-L: I've heard of some landlords who insist on rent being paid in money orders, for what I'm sure are legitimate reasons.


So long as it is a legal, negotiable instrument, why should it matter?


Because it's pretty easy for a crooked landlord to cash a money order and claim they never got paid.  If you did manage to keep a copy/stub of the money order, it's still pulling teeth to get a proof of payment versus "here's the canceled check (substitute) from my bank".

My one tenant, I had to convince them to stop sending me money orders.  Really, it's for their protection and mine.  Yes, they could bounce their checks.  I know where they live and can kick them out if need be.
 
2014-02-25 10:31:00 AM

Lawnchair: Gary-L: I've heard of some landlords who insist on rent being paid in money orders, for what I'm sure are legitimate reasons.


So long as it is a legal, negotiable instrument, why should it matter?

Because it's pretty easy for a crooked landlord to cash a money order and claim they never got paid.  If you did manage to keep a copy/stub of the money order, it's still pulling teeth to get a proof of payment versus "here's the canceled check (substitute) from my bank".

My one tenant, I had to convince them to stop sending me money orders.  Really, it's for their protection and mine.  Yes, they could bounce their checks.  I know where they live and can kick them out if need be.


See my earlier comment (and another user's) about receipts.

Seriously, it's not rocket surgery.
 
2014-02-25 11:01:43 AM

Slypork:


Your winnings sir.
 
2014-02-25 11:29:53 AM
A simple fix for a lot of the fraud would be a geographic restriction. If I'm not mistaken, money, once 'wired' out, can be picked up pretty much anywhere on the planet, which would allow for your next door neighbor to pretend to be your grandson in Canada, or for random Nigerians to pretend to be the IRS. There is little to no legitimate reason not to know the proximate location of the money's destination; enforce that. If it's supposed to go to Montreal, don't let someone pick it up in Utah. Problem solved.
 
2014-02-25 12:09:44 PM
ts1.mm.bing.net
I love these Green Dot card adds.
 
2014-02-25 01:26:09 PM
How sad.
Once associated with the telegraphers of the old west now synomous with
Nigerian scammers.
Maybe they should just close.
 
2014-02-25 02:45:13 PM

Sim Tree: A simple fix for a lot of the fraud would be a geographic restriction. If I'm not mistaken, money, once 'wired' out, can be picked up pretty much anywhere on the planet, which would allow for your next door neighbor to pretend to be your grandson in Canada, or for random Nigerians to pretend to be the IRS. There is little to no legitimate reason not to know the proximate location of the money's destination; enforce that. If it's supposed to go to Montreal, don't let someone pick it up in Utah. Problem solved.


Nah... a whole lot of the fraudsters actually get people to send money specifically to Nigeria/Ghana/etc.  Amazing but true.

/ can't fix stupid
 
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